Questions

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.

Who, according to the economists, are the right group of people to set the price of a commodity?

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.

The answer to the third question is __________________ answered; State leaders ___________________ great willingness to play into the hands of the Central government, presumably for a price. ________________ the process, representatives have forgotten the history of their own societies. But they fail to ________________ that history cannot be disremembered, it constantly nudges us to recollect past struggles ___________________ injustice in these States.

The answer to the third question is __________________ answered

The plateau that has both West and East flowing drainage system is

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

Throw up the sponge

Which among the following is false about acids?

Haemoglobin has the highest affinity with which of the following?

If a ball is thrown up, which of the following does not change?

The high-security banknote production facility which iscredited with the design of the Rs 2000 banknote has beenset up at _____________ .