Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

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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.


In a dynamic society everything is provided for by law and only a few things are __________ to politicians. The universe is governed ________ law. The inverse square law __________ the earth in its orbit and the law of atomic fusion keeps the sun shining ________ the whole earth. Likewise, the law should govern a nation where the judge, the police and the civil servant dispense ___________ to the citizen.


square law __________ the earth in its

 

A) keep B)  keeping
C) keeps D)  kept
 
Answer & Explanation Answer: C) keeps

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

This will explains the decision taken(1)/ to impose a blockade on the country in (2)/ the midst of a crisis. (3)/ No error. (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: If the intention is just to consume whatever comes from the West, then it is harmful.
Q: Some of its effects are really helping and positive as it increases initiative and entrepreneurship qualities provided taken in that spirit.
R: At the same time state’s strategic intervention is essential because more than 40% of people live below poverty line.
S: The impact of economic reforms are mixed.

 

A) SRQP B) SQPR
C) RQPS D) QPSR
 
Answer & Explanation Answer: B) SQPR

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

The teacher said to me, "Stand here next to the podium."

A) The teacher tells to me to stand there next to the podium. B) The teacher told to me to have stood there next to the podium.
C) The teacher told me to stand there next to the podium. D) The teacher had told to me to have stood there next to the podium.
 
Answer & Explanation Answer: C) The teacher told me to stand there next to the podium.

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Q:

Which of the following languages was not included in the 8th schedule of Indian Constitution through 92nd amendment act?

A) Maithili B) Bodo
C) Santhali D) Kannada
 
Answer & Explanation Answer: D) Kannada

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