Questions

Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

Which of the following metals is found in free state?

A) Sodium B) Gold
C) Potassium D) Calcium
 
Answer & Explanation Answer: B) Gold

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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities D) current liabilities and long-term liabilities
 
Answer & Explanation Answer: D) current liabilities and long-term liabilities

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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’.

 

I’ve learned that what really counts in life, in the end, is not how many toys we have (1)/ collected or how much money we’ve accumulated, but how many of our (2)/ talents we have liberated and used for a purpose that add value to this world. (3)/ No error (4)

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

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 


P: The depletion of organic nutrients in the soil has reached alarming proportions, thanks to indiscriminate use of chemical fertiliser in Green Revolution areas.
Q: As against an acceptable level of ‘soil organic carbon’ of well over 5 percent, soils in Punjab are said to have levels far below 1 percent.
R: Besides, 5.3 billion tonnes of soil is eroded annually, at a rate of 16.4 tonnes/hectare.
S: The nutrient imbalance has been skewed by the overuse of urea (N) vis-a-vis phosphatic (P in chemical parlance) and potassic (K) fertiliser.

A) SRPQ B) QPSR
C) PSRQ D) PQRS
 
Answer & Explanation Answer: D) PQRS

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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'.
I was taken with surprise (1)/ when I saw (2)/ the beautiful Taj Mahal. (3)/ No Error (4)

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

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