Questions

Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Kolleru Lake, located in the southern state of Andhra Pradesh, is located at the delta of two rivers. Which are the rivers?

A) Krishna and Cauvery B) Tungabhadra and Chitravathi
C) Godavari and Mahanadi D) Godavari and Krishna
 
Answer & Explanation Answer: D) Godavari and Krishna

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

He asked him to ______ some documents.

 

A) set out   B) go through  
C) look up   D) imagine
 
Answer & Explanation Answer: B) go through  

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.


Reprove

 

A) Praise   B) Laud  
C) Scold D) Commend
 
Answer & Explanation Answer: C) Scold

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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.

 

Teachers worldwide are stuck in a constant balancing __________ between individual liberty and occupational obligations. The Indian teacher is _________ stuck in tremendous technological, political and sociocultural changes, which are having ________ impact on performance and lifestyle. It goes without saying that teachers in India need to redefine and adjust their _____________ to develop transformational and humane skills by helping bridge the deep-rooted ______________ distance between the teacher and the taught.

 

Indian teacher is _________ stuck in tremendous technological,

 

A) also B) too
C) all D) very
 
Answer & Explanation Answer: A) also

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