Questions

Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan B) India
C) Venezuela D) South Korea
 
Answer & Explanation Answer: B) India

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) All of them B) speak
C) good english D) No error
 
Answer & Explanation Answer: C) good english

Explanation:

The error is in third part. Replace ‘good’ with ‘correct’. English is not good or bad, but it can be correct or incorrect. We can also say ‘All of them speak English well’, or ‘All of them speak fluent English’. The error remains in part c.

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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'.
Not only did they offer him (1)/ good salary but provided (2)/ him with a beautiful bungalow. (3)/ No Error (4)

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

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The dissolution of the assembly/ in the state which was (P)/ was followed by a prolonged (Q)/ already marred with political instability (R)/ tug of war for seizing the power (S)

A) RSPQ B) QSRP
C) PSRQ D) PRQS
 
Answer & Explanation Answer: D) PRQS

Explanation:

Clearly, R and S can't follow the first segment. This eliminates option 1.

Option 2: It is incorrect since P ends with was, which can't be used to end the statement.

Option 3: It is incorrect since the statement can't end in 'by a prolonged'.

Option 4: It makes a coherent statement; hence put it on hold.

Option 5: It is incorrect because P ends in 'was' and Q begins with 'was'.

Two 'was' can't be used together. Hence, the correct sequence is PRQS.

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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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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’.

For man to change radically, fundamentally, (1)/ there must be a mutation in a very (2)/ brain cells of his mind. (3)/ No error (4)

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

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