Questions

Q:

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.

 

Selling a commodity at a price that is not more than that charged by competitors is -

A) rejected by the free market system B) opposed by the advocates of the free market theories
C) considered suspicious by the free market theorists D) recognized by the advocates of the free market theories
 
Answer & Explanation Answer: D) recognized by the advocates of the free market theories

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Amorous

 

A) Detest B) Correct
C) Erotic D) Appreciate
 
Answer & Explanation Answer: C) Erotic

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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.

 

So, in asking you to consider the processes of reasoning we are ________ assuming that you never have reasoned--_________ the contrary we are fully aware that you in connection __________ every other person, have reasoned all your mature life. That is not the question. While everyone reasons, the fact is __________ true that the majority of persons reason incorrectly. Many persons reason ______________ lines far from correct and scientific, and suffer therefor and thereby.

 

have reasoned--_________ the contrary we

 

 

A) in B) on
C) into D) onto
 
Answer & Explanation Answer: B) on

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Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) annunciation B) anunciation
C) annunceation D) anunceation
 
Answer & Explanation Answer: A) annunciation

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Q:

According to the 2016 Jane's Defence Budgets Report,India's position among the global defence spender is _____________.

A) Fourth B) Third
C) Ninth D) Fifth
 
Answer & Explanation Answer: A) Fourth

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Q:

Currently who is the chairman of State Bank of India?

A) Rajeev Rishi B) Arundhati Bhattacharya
C) Usha Ananthasubramanian D) Mahesh Kumar Jain
 
Answer & Explanation Answer:

Explanation:

Rajnish Kumar, 59, the senior most of the managing directors at State Bank of India (SBI), became the 25th chairman of the country’s largest lender, succeeding Arundhati Bhattacharya.

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Q:

 While India stands _______________ largest in number in terms of number of World Heritage properties in ASPAC (Asia and Pacific) region

A) fourth  B) third
C) second D) fifth
 
Answer & Explanation Answer: C) second

Explanation:

India now has overall 37 World Heritage Inscriptions with 29 Cultural, 07 Natural and 01 Mixed sites. While India stands second largest in number after China in terms of number of World Heritage properties in ASPAC (Asia and Pacific) region, it is overall sixth in the world.

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Q:

Due to incresed weapon launching missions of North Korea, which country has launched a spy satellite to monitor it?

A) South Korea B) USA
C) China D) Japan
 
Answer & Explanation Answer: D) Japan

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