Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Who, according to the economists, are the right group of people to set the price of a commodity?

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

We are ____ in a time of great and _____changes. The most obvious _____of the modern world is the _____development of science and technology. This has given man a deeper _____of nature.

time of great and _____changes

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 saint or a satyagrahi is often put on a ___________, freezing her acts of goodness in time. Goodness acquires an act of fixed quality __________ in amber. Rather than _____________ a living creature, a saint or an icon becomes a hoarding, a permanent spectacle or a redundant quotation. Saintliness or heroism becomes a bundle of pictures in a calendar, a statue __________ inflexibly. Goodness becomes a stencil fixed _________ time.

Goodness acquires an act of fixed quality __________ in amber.

Who presented the first Union Budget in 1947?

The 2016 Olympics was held in which city?

How much amount is available to one account holder of Pradhan Mantri Jan Dhan Yojana per household after six months of satisfactory conduct of the account? 

The Desert Festival is held in _____.

In April 2017, the G20 Digital Ministerial Meeting on Digital Economy was held in which country?