Questions

Q:

When the productive capacity of the economic system of state is inadequate to create sufficient number of jobs, it is called _______

A) seasonal unemployment B) structural unemployment  
C) disguised unemployment   D) cyclical unemployment
 
Answer & Explanation Answer: D) cyclical unemployment

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Q:

Stagflation is defined as

A) low inflation, low growth, low unemployment B) high inflation, low growth, high unemployment
C) high inflation, high growth, high unemployment D) low inflation, high growth, low unemployment
 
Answer & Explanation Answer: B) high inflation, low growth, high unemployment

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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

Which of the following is not correct?

A) Members of Chlorophyceae are commonly called green algae B) Members of Phaeophyceae are commonly called red algae
C) Members of Rhodophyceae are commonly called red algae D) Members of Phaeophyceae are commonly called brown algae
 
Answer & Explanation Answer: B) Members of Phaeophyceae are commonly called red algae

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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.

 

But representatives have cynically chosen to look the other _________________ when matters of justice are involved. They seem to have only a will to power; to be part of a new ___________________ elite. _________________ they forget that the history of struggle is the future of struggle. Maoism is one extreme ____________________ struggle ___________________ corrupt appropriative and greedy elites; there are others.

 

___________________ corrupt appropriative and greedy elites; there are others.

 

A) against B) of
C) for D) with
 
Answer & Explanation Answer: A) against

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Q:

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.

 

My father generously donated money to the church.

 

A) Money is generously being donated to the church by my father. B) Money has been generously donated to the church by my father.
C) Money had been generously donated to the church by my father. D) Money was generously donated to the church by my father.
 
Answer & Explanation Answer: D) Money was generously donated to the church by my father.

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