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.

 

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

 

A) the aggregate of consumers B) the buyers
C) the sellers D) the economists
 
Answer & Explanation Answer: A) the aggregate of consumers

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Filed Under: English
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Q:

The disconnected lines drawn on a map for showing slope ­

A) Bench marks B) Contours
C) Form lines D) Hachure
 
Answer & Explanation Answer: D) Hachure

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Filed Under: General Awareness

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Q:

______________ scheme launched by the Central Government aims at development of rural growth clusters which have latent potential for growth.

A) Soil Health Card B) Shyama Prasad Mukherji Rurban Mission
C) Pradhan Mantri Fasal Bima Yojana D) National RU URBAN Mission
 
Answer & Explanation Answer: B) Shyama Prasad Mukherji Rurban Mission

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Q:

Land covers about ______ of the earth's surface.

A) 20% B) 30%
C) 35% D) 40%
 
Answer & Explanation Answer: B) 30%

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Filed Under: General Science
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Q:

A rocket is launched to travel vertically upward with a constant velocity of 20 m/s. After travelling for 35 seconds, the rocket develops a snag and its fuel supply is cut off. The rocket then travels like a free body. The height achieved by it is

A) 680 m B) 720 m
C) 800 m D) 700 m
 
Answer & Explanation Answer: B) 720 m

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Filed Under: Physics
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Q:

Sexual reproduction in Algae that takes place through fusion of two dissimilar size gametes is called?

A) Zoospores B) Anisogamous
C) Isogamous D) Oogamous
 
Answer & Explanation Answer: B) Anisogamous

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Filed Under: Biology
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Q:

......... reproduces by binary fission

A) Amoeba B) Liverfiuke
C) Plasmodium D) Planaria
 
Answer & Explanation Answer: A) Amoeba

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Filed Under: Biology
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Q:

Which of the following elements has the lowest melting point?

A) Platinum B) Carbon
C) Cobalt D) Krypton
 
Answer & Explanation Answer: D) Krypton

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Filed Under: Chemistry
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