Questions

Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development   B) which improve export performance of the country  
C) which small-scale industries   D) which have high growth potential and meet further requirements of the economy  
 
Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy  

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Literature is a _____ through which a person conveys his ideas towards or protest _____ different norms of society. The words that deal with a _____ issue are ofparticular importance in literature.They are _____ with a particular purpose in _____.

 

conveys his ideas towards or protest _____ different norms

A) against B) for
C) in D) off
 
Answer & Explanation Answer: A) against

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

A century later, the philosophy community needs to take __________ the new challenge of moral deliberation on the most pressing issues of our difficult times. We have to revoke the suspension of ethics and morality ____________ our lives by initiating a dialogue on it. Foregrounding ethics, however, ___________ means undermining the epistemological or ontological questions that are inevitably there. One such beginning can be made by anchoring moral ________________ in fairness and justice —one founded on obligatory fairness towards the people and the planet, towards the earth and the environment, and above all justice towards one_________.

 

ethics and morality ____________ our lives by initiating

 

A) form B) of
C) for D) from
 
Answer & Explanation Answer: D) from

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Starting late-2014, scientists of the National Aeronautics and Space Administration (NASA) working _______ satellite data tracking the rift found that the defect in the Larsen C was growing _________. By 2016 the crack became 70 miles long and 300 feet ________. By January 2017 it measured 109 miles in length and 1,500metres in breadth. On July 12, it broke. The broken shelf, now __________ official iceberg, was massive, indeed the ____________-ever such iceberg, weighing 1.1trillion tons and measuring 2,200 square miles.

 

indeed the ____________-ever such iceberg,

 

A) big   B) bigger  
C) biggest   D) the big
 
Answer & Explanation Answer: C) biggest  

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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

The investment bankers worked with the management of both the merging companies to ___________ a consensus on the merger terms.

A) express B) emerge
C) elucidate D) reach
 
Answer & Explanation Answer: D) reach

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