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.

 

Price-fixing is a phenomenon that is normal in -

A) agricultural societies B) industrialized societies
C) pre-industrial societies D) globalised societies
 
Answer & Explanation Answer: B) industrialized societies

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Q:

In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.

A) Irrepresible B) Irrefutable
C) Irrevocable D) Irresistible
 
Answer & Explanation Answer: A) Irrepresible

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Q:

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

 

You are making your life more difficult.

 

A) Your life is being made more difficult by you. B) You yourself make your life more difficult.
C) Your life had been made more difficult by you yourself. D) Making of your life more difficult has been done by yourself.
 
Answer & Explanation Answer: A) Your life is being made more difficult by you.

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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.

 

India is a country that loves decentralisation and it covers almost every ________________. I will focus ________________ the subject of tyranny. For example, look _______________ our police stations. We ____________________ a Hobbesian sovereign ruling over us. In political ___________________, one has what is called the concept of sovereignty which is discussed in Hobbesian terms.

 

We ____________________ a Hobbesian sovereign ruling over us.

 

A) do not need B) are not needing
C) shall not need D) won't be needing
 
Answer & Explanation Answer: A) do not need

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Q:

The__________ are the primary female sex organs that produce the female gamete (ovum) and several steroid hormones (ovarian hormones).

A) Cervix B) Uterus
C) Ovaries D) Clitoris
 
Answer & Explanation Answer: C) Ovaries

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Q:

In the following questions, 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.


Language, they say, is the _____ through which human beings perceive the world. If so, English is perhaps the most _____ lens through which to see animals. It has _____ a cross eyed view of birds, beasts, fish and fowl. The very word “animal” can _____ the brutish and the sensual. Animal _____ imply baseness and vulgarity.
The very word "animal" can _____ the brutish and the sensual.

A) connote B) rectify
C) trouble D) understand
 
Answer & Explanation Answer: A) connote

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Q:

Which of the following is not true of a corporation?

A) It may sue and be sued B) It may buy, own, and sell property
C) It may enter into binding legal contracts in its own name D) The acts of its owners bind the corporation
 
Answer & Explanation Answer: D) The acts of its owners bind the corporation

Explanation:

A corporation is an organization, usually a group of people or a company, authorized to act as a single entity (legally a person) and recognized as such in law.

 

The acts of its owners bind the corporation is not true about corporation.

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Q:

Indian  Institute  of  Science,  Bangalore  was founded by---

A) CV Raman B) Jamsetji Tata
C) Vikram Sarabhai D) None of the above
 
Answer & Explanation Answer: B) Jamsetji Tata

Explanation:

Indian Institute of Science, Bangalore was established in the year 1909 with active support from Jamsetji Tata and H.H. Sir Krishnaraja Wodeyar IV, the Maharaja of Mysore.

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