Questions

Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income. B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises. D) the MPC is constant and the APC declines as income rises.
 
Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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Q:

In each of the following choose the word most nearly opposite in meaning to the word given in capitals.

“DEROGATORY”

A) Conferred B) Immediate
C) Praising D) Private
 
Answer & Explanation Answer: C) Praising

Explanation:

Derogatory means showing a critical or disrespectful attitude and, Praising means express warm approval. Both words are opposite in nature.

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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.

 

It is a delight _______________ the illuminating thoughts which came to the minds of these men; and, on the other hand, it is amusing to see how ________________ they launched ________________ on boundless seas when they were unprovided with chart and compass. They were _________ brilliant children, who know little of the dangers of the great world, but are ready to undertake anything. These philosophers regarded all knowledge as their province, and did __________ despair of governing so great a realm.

 

They were _________ brilliant children, who know

 

A) too B) like
C) that D) so
 
Answer & Explanation Answer: B) like

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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'.

 

The receptionist gave us (A)/ much informations (B)/ which we needed. (C)/ No Error (D)

 

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

She said to him, "I can run faster than you."

A) She told him that she could run faster than him. B) She said to him that she can run faster than him.
C) She told him that she could be running faster than him. D) She has told him that she can run faster than him.
 
Answer & Explanation Answer: A) She told him that she could run faster than him.

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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 Troubled Asset Relief Program (TARP), the government had purchased assets of struggling banks with a view _______________ ensuring that they did not collapse taking ____________________ them the rest of the financial system. These assets __________________ later at a profit by the government! The U.S. government had acted smartly, while in the Indian case the banks now find themselves ______________________ with loans made by them to an individual with negative net worth.

(TARP), the government had purchased assets of struggling banks with a view _______________

A) to B) of
C) so D) for
 
Answer & Explanation Answer: A) to

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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.
If your child has not met the ______________ vaccination requirements, he or she will not be allowed to attend public school.

A) optional B) referral
C) compulsory D) guideline
 
Answer & Explanation Answer: C) compulsory

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