Questions

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 professor recently describes 1500 tests (1)/ in which blind people passed with greater (2)/ ease than those who could see! (3)/ No error (4)

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

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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.

When the kerosene burned, the fuel in the tank below would be __________ pressure, and __________a small circular flame would appear in the burner.The valve had to be opened to let more kerosene vapour to the burner and pumping resumed. With the increase in pressure, the burner flame would spread _________ a loud noise. To lower the flame,the valve had to be _________ opened to reduce the pressure and then tightened until the desired flame size was achieved. _________ you wanted the flame to be bigger, you had to hit the piston again. Pump stoves are still in vogue.

was achieved. _________ you wanted the flame

A) If B) Nor
C) So D) Thus
 
Answer & Explanation Answer: A) If

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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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:

The unemployment created at certain times of the year, when the demand for goods and services are lower than normal, is _____.

A) Cyclical unemployment B) Frictional unemployment
C) Seasonal unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Seasonal unemployment

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth D) ensures increasing productive investment
 
Answer & Explanation Answer: B) makes the monetary policies less effective

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices B) rising GNP at current prices
C) constant GNP at constant prices D) No option is correct
 
Answer & Explanation Answer: A) rising GNP at constant prices

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