Questions

Q:

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

 

A fool and his money are easily parted

A) a foolish person spends money carelessly and will soon be penniless B) a miser will eventually lose all his money due to one foolish mistake
C) a foolish person will never be able to get rich D) a rich person should be smart enough to avoid people who will fool him for his wealth
 
Answer & Explanation Answer: A) a foolish person spends money carelessly and will soon be penniless

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

Nations work to expand justice in the society and provide infrastructure to ___________ commerce.

 

A) pass B) contribute
C) popularize D) promote
 
Answer & Explanation Answer: D) promote

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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.

People may see, and hear, and feel all their lives without ____________ learning the nature of things they see. But reason is the mind's eye, and enables us to see why things are, and when and how events may be made to happen ___________ not to happen. The logician endeavours to ____________ exactly what this reason is which makes the power of men. We all, as I have said, must reason well or ill, but logic is the science of reasoning and enables us to distinguish ______________ the good reasoning which leads to truth, and the bad reasoning which every day betrays people into error _________ misfortune.

 

made to happen ___________ not to happen. 

 

A) or B) but
C) so D) at
 
Answer & Explanation Answer: A) or

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Q:

The term 'Zero Based Budgeting' refers to __________.

A) A specified sum of money authorized by the Legislaturefor a specific period of time B) To ensure that every rupee spent is result oriented
C) A statutorily mandated form of reimbursement or up-front payment for state expenditures D) A cost item for which payment is made by one stateagency to another
 
Answer & Explanation Answer: B) To ensure that every rupee spent is result oriented

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Q:

An economic system combining private and state enterprise is called as _____

A) Market economy B) Centrally planned economy
C) Private economy D) Mixed economy
 
Answer & Explanation Answer: D) Mixed economy

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Q:

If the average total cost are Rs 54, average variable cost is Rs 36 and quantity produced is 2500 units, find the total fixed costs (in Rs) of the firm?

A) 30000 B) 15000
C) 45000 D) 60000
 
Answer & Explanation Answer: C) 45000

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Q:

If price of an article decreases from Rs 100 to Rs 80, when quantity demanded increases from Q1 units to 4600 units, and if point elasticity of demand is 0.75 find Q1?

A) 5000 units B) 4000 units
C) 3000 units D) 2000 units
 
Answer & Explanation Answer: B) 4000 units

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Q:

Inert gases are

A) Miscible with water B) Not stable
C) Chemically unreactive D) Chemically very active
 
Answer & Explanation Answer: C) Chemically unreactive

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