Questions

Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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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:

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: “Health is Wealth” is a very old proverb however will be true forever for the humanity.
Q: A healthy person can perform any task however; a wealthy person who is suffering from untreatable disease can never buy a good health.
R: A healthy person (whether rich or poor) lives more happy and peaceful life than any rich person having a diseased body.
S: It indicates a very clear meaning that health is more significant for a person than the wealth.

A) SQRP B) QRPS
C) RPQS D) PSQR
 
Answer & Explanation Answer: D) PSQR

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Q:

Which of the following is used to get relief when you have been stung by a honeybee?

A) Common salt B) Baking soda
C) Acetic acid D) Washing soda
 
Answer & Explanation Answer: B) Baking soda

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Q:

Galvanization a process to prevent rusting involves use of ___ coating to steel or iron.

A) Nickel B) Magnesium
C) Copper D) Zinc
 
Answer & Explanation Answer: D) Zinc

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.
The old man said, "Thanks I shall never forget this kindness, Ankit."

A) The old man applauded Ankit for his kindness and he shall never forget Ankit. B) The old man thanked Ankit and assured him that he would never forget his kindness.
C) Ankit was being thanked by the old man for his kindness towards an old man. D) The old man said thank you to Ankit for his kindness.
 
Answer & Explanation Answer: B) The old man thanked Ankit and assured him that he would never forget his kindness.

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Q:

Read the passage carefully and select the best answer to each question out of the given four alternatives.

 

India’s title triumph in the Under-19 cricket World Cup at the Bay Oval in New Zealand seemed inevitable. Prithvi Shaw’s boys, astutely coached by Rahul Dravid, maintained an unbeaten record through their three-week sojourn. The rousing campaign commenced with a 100-run win against Australia on January 14; in subsequent games, Papua New Guinea, Zimbabwe, Bangladesh and Pakistan were all emphatically defeated. There were no big-game nerves and even in the much- hyped semifinal against Pakistan, India pocketed a facile 203-run victory. In the summit clash against Australia, Shaw’s boys followed their template of dominance.

Australia was bowled out for 216 and India cruised home in 38.5 overs with eight wickets to spare, and enjoyed the added lustre of opener Manjot Kalra’s unbeaten 101. Through the tournament India found diverse heroes. Fittingly, its batting troika of Shaw, Kalra and Shubman Gill, along with seamer Kamlesh Nagarkoti and spinner Anukul Roy, found a berth in the International Cricket Council’s Under-19 World Cup team, essentially a tribute to the best players on view in the championship. Cricketing excellence allied with the resultant celebrity status, especially during the teenage years, can be a double-edged sword and it helped that in the dressing room there was the calming presence of Dravid. As the ecstatic players leapt and photo-bombed after clinching the trophy, Dravid cut through the hype and said that this win should not be the team’s defining memory as each individual cricketer has much more to achieve in his career. Dravid has a point. India has won the Under-19 World Cup on four occasions, including the previous golden runs in 2000, 2008 and 2012. From among these champion sides, only a few graduated to the big stage. Yuvraj Singh and Virat Kohli came through the under-19 ranks and managed to carve a niche for themselves, but Unmukt Chand, who led the team to the Cup in 2012, and then featured in a soft drink advertisement besides writing a book, has been unable to make it to the Indian senior team.

 

What does Rahul Dravid mean by saying that U-19 Cricket World Cup victory of India should not be the “team’s defining memory”?

A) He meant to say that it is just a start of career of each cricketer in the team and they should focus one achieving more. B) He wants them to rest as the tournament was very stressful for them.
C) He wants Indian children to pay more focus on cricket as their career choice. D) None of these
 
Answer & Explanation Answer: A) He meant to say that it is just a start of career of each cricketer in the team and they should focus one achieving more.

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