Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.
P- They never desert us even when all fair weather friends have deserted us.
Q- Books are never failing friends.
R- They dispel the dark clouds of gloom from our minds and increase our happiness if we are already happy.
S- Through the ages, the scriptures and other great books have provided, immeasurable solace to the wounded and strife torn humanity.

A) QRSP B) PRSQ
C) RSPQ D) QPRS
 
Answer & Explanation Answer: D) QPRS

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Q:

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

 

He said to his partner, "I will not be responsible if the project fails."

 

A) He has told his partner that he will not be responsible if the project fails. B) He told his partner that he would not be responsible if the project failed.
C) He tells his partner that he would not be responsible if the project fails. D) He told his partner that I will not be responsible if the project failed.
 
Answer & Explanation Answer: B) He told his partner that he would not be responsible if the project failed.

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Rat race

 

A) Make others fight for scraps and get sadistic pleasure out of it B) Be an oppressive boss and treat employees like animals
C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power D) Play games with the lives of other people and see them run aimlesly
 
Answer & Explanation Answer: C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power

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Q:

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".

 

Learning (include) discovery, insight, understanding as well as accumulation of information.

 

A) includes   B) had includes  
C) has include   D) no improvement
 
Answer & Explanation Answer: A) includes  

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 


The last straw

 

A) A warrior saves his best arrow for the last   B) A minor difficulty but coming on top of a series of difficulties, that makes a situation unbearable.    
C) The student who usually comes last in the class.     D) The lowest ranking official who gets the blame for any error.    
 
Answer & Explanation Answer: B) A minor difficulty but coming on top of a series of difficulties, that makes a situation unbearable.    

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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.

 

It is necessary, then, to keep our ____________ acts under some surveillance of attention, to pass them in review for inspection every now and _________, that we may discover possible modifications which will make them more serviceable. We need to be __________, constantly to find out better ways of doing things. Habit takes care of our standing, walking, sitting; but how many of us could _________ improve his poise and carriage if he would? Our speech has become largely automatic, but no doubt all of us might remove _____________ of enunciation, pronunciation or stress from our speaking.

 

every now and _________, that we may

 

A) than B) then  
C) that   D) this
 
Answer & Explanation Answer: B) then  

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