Questions

Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
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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 asentence is free from error, select 'No Error'.


The Taj Mahal can be (1)/ called jewel (2)/ of the nation. (3)/ No error (4)

 

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

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Filed Under: English
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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 best things in an artist's work are so much a matter of intuition, that there is much to be said for the point ________ view that would altogether discourage____________ inquiry into artistic phenomena on the part of the artist. Intuitions are shy things and apt to disappear if looked into too closely. And there is undoubtedly a danger that ______ much knowledge and training may supplant the natural ____________ feeling of a student, leaving only a cold knowledge of the means of expression ________ its place.

 

altogether discourage ____________ inquiry into artistic phenomena

 

A) intellect   B) intellectual  
C) intellectually D) intellective
 
Answer & Explanation Answer: B) intellectual  

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Q:

Ravichandran Ashwin became the fastest player in the world (in terms of number of test matches) to get 300 wickets in test cricket in November 2017. Whose record did Ashwin break?

A) Dennis Lillee B) Muthiah Muralitharan
C) Richard Hadlee D) Malcolm Marshall
 
Answer & Explanation Answer: A) Dennis Lillee

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Q:

The production possibilities curve illustrates the basic principle that

A) an economy's capacity to produce increases in proportion to its population size. B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically seek that level of output at which all of its resources are employed. D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.
 
Answer & Explanation Answer: D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

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Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates B) will have no effect on interest rates
C) will increase supply of loanable funds D) will put upward pressure on interest rates
 
Answer & Explanation Answer: D) will put upward pressure on interest rates

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

For dilution of a concentrated acid, we should add:

A) water into the diluted acid B) water into the concentrated acid
C) first water into the acid and then more acid into the water D) concentrated acid into water
 
Answer & Explanation Answer: B) water into the concentrated acid

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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