Questions

Q:

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.

 

A major act of will will bring about price-fixing that will be seen as -

 

A) effective and productive B) constructive and practical
C) normal and having valuable economic function D) systematic and relevant
 
Answer & Explanation Answer: C) normal and having valuable economic function

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Q:

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.

 

Selling a commodity at a price that is not more than that charged by competitors is -

A) rejected by the free market system B) opposed by the advocates of the free market theories
C) considered suspicious by the free market theorists D) recognized by the advocates of the free market theories
 
Answer & Explanation Answer: D) recognized by the advocates of the free market theories

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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.

 

A brain and nervous system that are poorly developed or insufficiently nourished means low grade of ______________ in our mental processes, just as a poorly constructed or wrongly adjusted motor means loss of power in applying the electric current to its work. We will, __________, look upon the mind and the brain as counterparts of ___________ other, each performing activities which correspond to activities in the other, ________ inextricably bound together at least so far as this life is concerned, and each getting its _______________ by its union with the other. This view will lend interest to a brief study of the brain and nervous system.

 

nourished means low grade of ______________ in our mental processes

 

A) efficiently B) efficiencies
C) efficiency D) efficient
 
Answer & Explanation Answer: C) efficiency

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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.

 

Although it has been felt necessary to devote much space to ________ attempt to find principles that may be said to be at the basis ________ the art of all nations, the executive side of the question has not been neglected. And it is hoped that the __________ method for the study of drawing from the two opposite points of view ofline and mass here advocated may be useful, and help students to avoid some of the _____________ that results from attempting simultaneously the study of these______________ qualities of form expression.

 

much space to ________ attempt to find principles

 

A) an B) a
C) it D) once
 
Answer & Explanation Answer: A) an

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Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence in Passive/Active Voice.

 

The teacher told him to collect assignments.

 

A) He was told to collect assignments by the teacher. B) He is told by the teacher to collect assignments.
C) The teacher asked him to collect assignments. D) He was asked to collect assignments.
 
Answer & Explanation Answer: A) He was told to collect assignments by the teacher.

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Q:

In the following question, out of the four alternatives, select the word opposite in meaning to the word given.

Hazardous

A) Perilous B) Precarious
C) Dicey D) Secure
 
Answer & Explanation Answer: D) Secure

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

As if aware of my condition (A) / the infuriated bird suddenly doubled back on its course (B) / and charged straight after me (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, 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.
As the judge enters the courtroom, ______________ calls upon all occupants in the room to stand.

 

A) formality B) pattern
C) culture D) habit
 
Answer & Explanation Answer: A) formality

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