Questions

Q:

Micro-economics is also called __________

A) Profit theory B) Loss theory
C) Price theory D) Expenditure theory
 
Answer & Explanation Answer: C) Price theory

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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'.

Industries should regularly check (1)/ if their machines are emitting (2)/ smoke within permission limits. (3)/ No error (4).

 

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

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Q:

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

 

Characterized by bitterness or resentment

 

A) Piety B) Amity
C) Rancorous D) Fidelity
 
Answer & Explanation Answer: C) Rancorous

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.

 

Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.

 

India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

 

According to the passage, which of the following statement is NOT true?

 

A) 11th WTO conference was held at Nairobi B) India’s take on food security programme in the WTO conference was positive
C) US is termed as the world’s largest economy D) US is involved directly in half of the cases brought to WTO
 
Answer & Explanation Answer: A) 11th WTO conference was held at Nairobi

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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.

 

One of them said my

A-teacher was being very

B-strict as she was

C-strict; not all French were as

 

A) ABC B) CBA
C) ACB D) CAB
 
Answer & Explanation Answer: C) ACB

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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.

 

If you can't beat 'em, join 'em

 

A) Many times those who fight eventually become best of friends B) If one has to give up fighting with some group because one can't win, band together with them
C) Not to hurt others. Instead, be friends with them. D) To fight till you get acceptance to a group which does not initially accept you as a member
 
Answer & Explanation Answer: B) If one has to give up fighting with some group because one can't win, band together with them

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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.

To not have a clue

A) To be extremely poor B) To fail an examination
C) To lose confidence at the last moment D) To not know about something
 
Answer & Explanation Answer: D) To not know about something

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.
Speaking with a stammer or lisp

A) Melliloquent B) Dentiloquent
C) Fatiloquent D) Stuttering
 
Answer & Explanation Answer: D) Stuttering

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