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.

 

Indian corporates are _______________ influenced by the American style of management, including ______________ practices. The recent episodes in a couple of big and reputed corporates in India are prompting many to re-think the kind of compensation strategy that would be __________ for Indian corporates. Should it be more socialistic, as prevalent in Scandinavian, some European and Japanese companies? _______________ there be some law to govern the salary differentials? __________should different functions such as Finance be remunerated substantially higher for equivalent educational degree holders and similar efforts by individuals in other functions?

 

that would be __________ for Indian corporates.

 

 

A) ideally B) ideals
C) ideal D) idealism
 
Answer & Explanation Answer: C) ideal

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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 its _______________ phase, the big telco monopolies tried to levy a "tax" on all Internet content __________________. The Internet companies were then the new kids on the _________________. They and the Internet user community fought back such attempts. This was the first net neutrality war, and it ______________ the principle of ________________ on the Internet between different types of content or sites.

 

The Internet companies were then the new kids on the _________________.

 

A) slab B) bar
C) block D) square
 
Answer & Explanation Answer: C) block

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Q:

Which curve shows the inverse relationship between unemployment and inflation rates

A) Supply curve B) Indifference curve
C) IS curve D) Phillips curve
 
Answer & Explanation Answer: D) Phillips curve

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Q:

In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was

A) 7.50% B) 4.50%
C) 4% D) 0.25%
 
Answer & Explanation Answer: B) 4.50%

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre D) then wages for manual tea leave pickers will fall
 
Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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