Questions

Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods B) Capital goods
C) Veblen goods D) Giffen goods
 
Answer & Explanation Answer: D) Giffen goods

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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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'.
It seemed as if (1)/ every man in the (2)/ country was back them. (3)/No Error (4)

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

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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.

In a strange ________________, the production and the consumption of the event become cause for concern. _______________ wonders whether newer forms of “non­caring” or violence are appearing. Somehow, silence, even __________________, quietly suppresses a meditation on such events. __________________ a professor, I can recollect the number of occasions when my students have cried as we discussed such events in class. _____________, society seems so indifferent.

Somehow, silence, even __________________, quietly suppresses a meditation on such events.

A) attention B) bias
C) regard D) indifference
 
Answer & Explanation Answer: D) indifference

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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’.

 

A person operating at the pre-conventional level of moral reasoning (1)/ considers any decision or ethical dilemma from the point of view of avoiding (2)/ personal harm, losing or seek personal gain. (3)/ No error (4)

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

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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'.

 

He built the theatre as a tribute to his rootings (1)/ and the thought of it outlasting him, (2)/ would surely have given him the greatest joy. (3)/ No error. (4)

 

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

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Q:

Which one of the following statementsis not correct?

A) BrahMos is a supersonic cruise missile made by India and Russian Federation. B) The name BrahMos came from two rivers, Brahmaputra of India and Moskva of Russia.
C) Indian military scientists were capable of integrating BrahMos cruise missile with Sukhoi-30 MKI fighter. D) Defence Research and Development Organization is the manufacturer of Sukhoi-30 MKI fighter.
 
Answer & Explanation Answer: D) Defence Research and Development Organization is the manufacturer of Sukhoi-30 MKI fighter.

Explanation:

The Sukhoi Su-30MKI is a twinjet multirole air superiority fighter developed by Russia's Sukhoi and built under licence by India's Hindustan Aeronautics Limited (HAL) for the Indian Air Force (IAF).The BrahMos is a medium-range ramjet supersonic cruise missile that can be launched from submarine, ships, aircraft, or land. It is a joint venture between the Russian Federation's NPO Mashinostroyeniya and India's Defence Research and Development Organisation (DRDO) who together have formed BrahMos AerospaceThe name BrahMos is a portmanteau formed from the names of two rivers, the Brahmaputra of India and the Moskva of Russia.

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