Questions

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 -

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.

So, in asking you to consider the processes of reasoning we are ________ assuming that you never have reasoned--_________ the contrary we are fully aware that you in connection __________ every other person, have reasoned all your mature life. That is not the question. While everyone reasons, the fact is __________ true that the majority of persons reason incorrectly. Many persons reason ______________ lines far from correct and scientific, and suffer therefor and thereby.

have reasoned--_________ the contrary we

If two successive discounts of 50% and 10% are offered, then what is the net discount (in %)?

Currently who is the chairman of State Bank of India?

What is the name of the new upgraded version of indigenous transport aircraft SARAS?

Which of the following is the operation executed on data stored in registers?

______________ scheme launched by the Central Government aims to spur social, economic and infrastructure development in rural areas by developing a cluster of 300 Smart Villages.

Pepsin is an enzyme that digests ______.