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.

 

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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Filed Under: English
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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.

 

The organisers will give you a certificate.

 

A) A certificate will be given to you by the organisers. B) The organisers had given you a certificate.
C) You were given a certificate by the organisers. D) Giving of certificate to you was done by organisers.
 
Answer & Explanation Answer: A) A certificate will be given to you by the organisers.

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Filed Under: English
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Q:

Seoul is the Capital City of _____ .

A) United Arab Emirates B) Netherlands
C) South Korea D) Italy
 
Answer & Explanation Answer: C) South Korea

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Filed Under: Country Capitals
Exam Prep: Bank Exams , CAT

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Q:

What was the final outcome of the vietnam war?

A) North Vietnam defeated south Vietnam B) Saigon renamed as Ho Chi Minh
C) 2 million people were killed D) All of the above
 
Answer & Explanation Answer: D) All of the above

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Filed Under: World History
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Q:

With which organization India celebrated its 25th anniversary of the establishment diplomatic ties in 2018?

 

A) SAARC B) Asean
C) WEF D) World Bank
 
Answer & Explanation Answer: B) Asean

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Filed Under: World Organisations
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Q:

Who among the following is the 2017 Asian Award recipient for the outstanding achievement in Cinema?

A) Kunal Nayyar B) Vishal Bhardwaj
C) Om Puri D) Zeishan Quadri
 
Answer & Explanation Answer: A) Kunal Nayyar

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Filed Under: Honours and Awards
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Q:

Who invented the electrocardiogram (ECG)?

A) Willem Einthoven B) Edward Jenner
C) Antonio de Ulloa and Charles Wood D) Karl Benz
 
Answer & Explanation Answer: A) Willem Einthoven

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Filed Under: Inventions
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Q:

Murshid Quli Khan, Alivardi Khan and Sirajuddaullah were all nawabs of ___________?

A) Lucknow B) Varanasi
C) Hyderabad D) Bengal
 
Answer & Explanation Answer: D) Bengal

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Filed Under: Indian History
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