Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Price-fixing is a phenomenon that is normal in -

Which of the following rivers flows from India to Pakistan?

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.
P: When all the credit worthy people were given loans to a logical limit, they ceased to be a part of the market.
Q: Even this would have been understandable if it could work as an eye opener.
R: Owing to the materialistic culture elsewhere, it was possible to keep selling newer products to the consumers despite having existing ones which served equally
well.
S: They were lured through advertising and marketing techniques of 'dustbinisation' of the customer; and then finally, once they became ready customers, they were
given loans and credits to help them by more and more.

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

Limestone is a raw material used by which industry?

Iron and manganese present as pollutants in water cannot be removed by_____

Which of the following has pH value 7?

Marathi is the official language of _________.