Questions

Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers B) Income of consumers remains constant
C) Consumers are affected by demonstration effect D) There are no changes in the price of substitute goods.
 
Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Q:

Salarjung Museum is located in ___.

A) Kolkata B) Ahmadabad
C) Delhi D) Hyderabad
 
Answer & Explanation Answer: D) Hyderabad

Explanation:
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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’.

 

A person operating at the pre-conventional level of moral reasoning (1)/ considers any decision or ethical dilemma from the point of view of avoiding (2)/ personal harm, losing or seek personal gain. (3)/ No error (4)

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

Explanation:
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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: The depletion of organic nutrients in the soil has reached alarming proportions, thanks to indiscriminate use of chemical fertiliser in Green Revolution areas.
Q: As against an acceptable level of ‘soil organic carbon’ of well over 5 percent, soils in Punjab are said to have levels far below 1 percent.
R: Besides, 5.3 billion tonnes of soil is eroded annually, at a rate of 16.4 tonnes/hectare.
S: The nutrient imbalance has been skewed by the overuse of urea (N) vis-a-vis phosphatic (P in chemical parlance) and potassic (K) fertiliser.

A) SRPQ B) QPSR
C) PSRQ D) PQRS
 
Answer & Explanation Answer: D) PQRS

Explanation:
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Q:

In the following question, 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.

 

Operant conditioning can be described as a learning ______ that is used to modify or change a person’s behaviour through experiences and consequences.

 

A) method B) object
C) goal D) suspect
 
Answer & Explanation Answer: A) method

Explanation:
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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: One has to work hard to establish, develop and maintain deep and lasting bonds with those who matter in one’s life.
Q: As "Man is not an island entire of itself", he cannot be happy in isolation.
R: Humans live out their life in the company of their family, friends, colleagues, superiors, even total strangers in buses and lifts.
S: And, brick by brick, they must build their relationship with each one, to lay a secure foundation for their road to happiness.

 

A) SPRQ B) RQSP
C) QSPR D) QRSP
 
Answer & Explanation Answer: D) QRSP

Explanation:
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Q:

'737 MAX' is the airliner of which famous company?

A) Boeing B) Qantas
C) Emirates D) Air Bus
 
Answer & Explanation Answer: A) Boeing

Explanation:
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Filed Under: General Awareness
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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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