Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase. B) Interest rate will increase.
C) Government revenue will decrease. D) Government expenditure will increase.
 
Answer & Explanation Answer: A) Money supply in the economy will increase.

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Q:

What is the valency of magnesium?

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

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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.

 

The general consensus is that the millennial _____________ with taking pictures of everything stems from the tendency to over- share on social media, but it may also be a manifestation _______________ our relationship with an increasingly unstable present. When everything around you _______________ before you can register it, it is tempting to reach into your pocket for your smartphone, click away, and think about it later, even ___________ the subject is as simple as a slice of toast. The selfie may be narcissistic, but it is ___________ a self-portrait that anchors you to a time and place, be it your first holiday abroad or the nightclub you visit every weekend.

 

also be a manifestation _______________ our relationship

 

A) form   B) for  
C) of   D) off
 
Answer & Explanation Answer: C) of  

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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.

 

Importune

 

A) Appeal B) Important
C) Imply D) Purchase
 
Answer & Explanation Answer: A) Appeal

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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.

 

Let bygones be bygones

 

A) Even bad memories become memorable.   B)  The past will return to haunt you unless you completely forget.  
C) Forget past offences or causes of conflict and be reconciled.   D)  Your past deeds will never leave you
 
Answer & Explanation Answer: C) Forget past offences or causes of conflict and be reconciled.  

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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.


The phrase consists usually of a few words which denote a single idea that __________ a separate part of a sentence. In this respect it differs from theclause, ___________ is a short sentence that forms a distinct part __________ a composition, paragraph, or discourse. Correct phrasing is_______________ by rests, such rests do not break the ______________ of a thought or the progress of the sense.


distinct part __________ a composition,

A) for B) at
C) of D) to
 
Answer & Explanation Answer: C) of

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