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:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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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 of particular importance in literature. They are _____ with a particular purpose in _____.

a particular purpose in _____.

A) all B) hand
C) mind D) total
 
Answer & Explanation Answer: C) mind

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Q:

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. If there is no error, the answer is (E), ie ‘No error’. (Ignore the errors of punctuation, if any.)The consolation messages (A) / received on the(B)/ demise of Mrs. Malhotra (C) / speaks highly of her enormity. (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

Explanation:

Here, the error is in part 4. As 'messages' is plural “speaks” will be replaced by “speak”. The rule applied is of subject verb agreement

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Q:

On 10 April 2017, Lok Sabha Passed the Motor Vehicles Act (Amendment) Bill, 2016. Under the new provisions, the compensation for death increased from Rs 25,000 to ______

A) Rs 2 lakh or more B) Rs 5 lakh or more
C) Rs 10 lakh or more D) Rs 15 lakh or more
 
Answer & Explanation Answer: A) Rs 2 lakh or more

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Q:

Kinetic energy is equal to

A) 1/2 mv2 B) mgh
C) mv D) Ma
 
Answer & Explanation Answer: A) 1/2 mv2

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Q:

Astronauts inside spaceship feel ___ weight.

A) More B) Less
C) Zero D) Depends on G force
 
Answer & Explanation Answer: C) Zero

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