General Knowledge 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.

A major act of will will bring about price-fixing that will be seen as -

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.

Private companies do not produce new varieties and inputs ______ as a result of their own research.

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

It has (being) too dangerous for too many people.

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

The manager's bank account has been hacked.

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 most powerful and the most perfect ____________ of thought and feeling through the medium of oral language must be traced to the mastery of words.___________ is better suited to lead speakers and readers ___________ English into an easy control of this language than the command of the phrase that perfectly expresses the thought. Every speaker's aim is to be heard and _____________. A clear, crisp _____________ holds an audience as by the spell of some irresistible power.

crisp _____________ holds an audience as

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

To sell (stocks or other securities or commodities) in advance of acquiring them, with the aim of making a profit when the price falls.

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.

My friends are going to watch a movie tonight.

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 ‘No error’. (Ignore the errors of punctuation, if any.)