Questions

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 Troubled Asset Relief Program (TARP), the government had purchased assets of struggling banks with a view _______________ ensuring that they did not collapse taking ____________________ them the rest of the financial system. These assets __________________ later at a profit by the government! The U.S. government had acted smartly, while in the Indian case the banks now find themselves ______________________ with loans made by them to an individual with negative net worth.


______________________ the Troubled Asset Relief Program (TARP)

A) Below B) Down
C) Lower D) Under
 
Answer & Explanation Answer: D) Under

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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.

 

He explained that he knew the place well because he used to live there.

A) "I know the place well because I use to live here,"he explained. B) "I know the place well because I used to live here,"he explained.
C) "I knew the place because I used to live here,"he explained. D) "I have known the place well because I used to live here,"he explained.
 
Answer & Explanation Answer: B) "I know the place well because I used to live here,"he explained.

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

Which campaign was launched by Indian govt as a tribute to Mahatma Gandhi?

A) Make in India B) Clean India
C) Skill India D) Digital India
 
Answer & Explanation Answer: B) Clean India

Explanation:

Swachh Bharat Mission or Swachh Bharat Abhiyan or Clean India Mission is a country-wide campaign initiated by the Government of India in 2014 as a tribute to Mahatma Gandhi on his 150th birth anniversary in 2019.

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Q:

According to Dr. B. R. Ambedkar who shall be the most important officer under the Constitution of India?

 

A) Chairman of Union Public service Commission B) Chairman of Election Commission of India
C) Chief Justice of India D) Comptroller and Auditor General of India
 
Answer & Explanation Answer: D) Comptroller and Auditor General of India

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Q:

The line graph shows the record of number of admissions to a certain coaching centre from 2011 to 2016. Study the diagram and answer the following question.

Admissions in the year 2014 grew by _______ percent as compared to the previous year.

A) 50 B) 100
C) 40 D) 66.67
 
Answer & Explanation Answer: D) 66.67

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