Questions

Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Which level does macroeconomics focus on?

A) Government B) Business
C) Personal D) None
 
Answer & Explanation Answer: A) Government

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Passive/Active voice.
I have kept all your old letters.

A) Keeping of all your old letters has been done by me. B) I keep your letters which have become old.
C) Your letters which have become old would be kept by me. D) All your old letters have been kept by me.
 
Answer & Explanation Answer: D) All your old letters have been kept by me.

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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.


The second strategy proposed __________________ the committee was institutional reform of police processes, including investigation of crimes, professionalization and ________________ of court systems with induction of technology _____________ limiting appeal procedures to the _________________ required. It is here the committee ___________________ to bring in a bigger and responsible role to victims of crime in the whole proceedings.


induction of technology _____________

A) but B) because
C) and D) nor
 
Answer & Explanation Answer: C) and

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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.

The generation gap is another of those characteristic features that set Homo sapiens apart from other animals. It is ______ if ever the most intelligent of apes ever blamed its juniors for their ______ ways! Over the years people have tried to analyse it, explain it, understand it, even ignore it, but it remains, ready to ______ each generation as it tries to ______ its own ______ about life and living.

own ______ about life and living.

A) happiness B) standards
C) living D) perspectives
 
Answer & Explanation Answer: D) perspectives

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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 fouralternatives.

If we can permit ourselves to _______________ movement fully, we permit ourselves to perceive, think ________ reflect. We allow ourselves the privilege of reimagining dance,music, and the way you and I talk, or think, or love. We move _____________ an incredible space of __________, primarily in thought, but perhaps more restrictively in defining____________, or maybe even doing away with it.

space of __________, primarily in thought,

A) liberty B) liberation
C) liberties D) liberal
 
Answer & Explanation Answer: A) liberty

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