Questions

Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Debenture holders of a company are its ___________.

A) Shareholders B) Creditors
C) Debtors D) Directors
 
Answer & Explanation Answer: B) Creditors

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Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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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.


Sapna ______ with all of the chocolates.

 

A) have ran B)  has been running  
C)  has run off D) was run off
 
Answer & Explanation Answer: C)  has run off

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

He said to the doctor, "How soon will I be able to walk again?"

 

A) He asks the doctor how soon would I be able to walk again. B) He asked the doctor how soon would he be able to walk again.
C) He is asking the doctor how soon would I be able to walk again. D) He asks the doctor how soon will he be able to walk again.
 
Answer & Explanation Answer: B) He asked the doctor how soon would he be able to walk again.

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

The professor recently describes 1500 tests (1)/ in which blind people passed with greater (2)/ ease than those who could see! (3)/ No error (4)

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

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech.


"Are you the same person I met in the park?" I asked.

A) I asked the stranger if he was the same person I had met in the park. B) Was he the same person I met in the park I asked the stranger.
C) I asked the stranger if I was the same person he had met in the park. D) I asked the stranger if he was the same person I met in the park.
 
Answer & Explanation Answer: A) I asked the stranger if he was the same person I had met in the park.

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