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.

 

Price-fixing is a phenomenon that is normal in -

A) agricultural societies B) industrialized societies
C) pre-industrial societies D) globalised societies
 
Answer & Explanation Answer: B) industrialized societies

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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.

 

Covenant

 

A) Difference B) Conversation
C) Bond D) Devotion
 
Answer & Explanation Answer: C) Bond

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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.

 

A nation’s progress

 

A-requires many policies, many

B-on many fronts

C-plans, and actions

 

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

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Q:

Which of the following is NOT a form of Monosaccharide Sugar?

A) Galactose B) Glucose
C) Fructose D) Maltose
 
Answer & Explanation Answer: D) Maltose

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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.

That which cannot be corrected

A) Impregnable B) Immolation
C) Incorrigible D) Ineligible
 
Answer & Explanation Answer: C) Incorrigible

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Q:

Which of the following wind is blowing from the Mediterranean sea to the North Western parts of India?

A) Western disturbances B) Norwesters
C) Loo D) Mango showers
 
Answer & Explanation Answer: A) Western disturbances

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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".

She and Dad would (has had loved) Amit.

A) has loved B) have loved
C) to loved D) no improvement
 
Answer & Explanation Answer: B) have loved

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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.

Cars were owned by

A-only a privileged few and 

B-my class of society was

C-as yet untouched by it

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

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