Questions

Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Apeareance B) Appearrance
C) Appearence D) Appearance
 
Answer & Explanation Answer: D) Appearance

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Q:

In the following question, 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.

 

He asked him to ______ some documents.

 

A) set out   B) go through  
C) look up   D) imagine
 
Answer & Explanation Answer: B) go through  

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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. Ifa sentence is free from error, select 'No Error'.

 

Swami Vivekananda died very young in his early thirties, (1)/ but the phenomenal achievements he is credit with (2)/ are for generations to remember. (3)/ No error(4)

 

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

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Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return B) Savings Lease Rate
C) Statutory Liquidity Ratio D) Safe Legal Range
 
Answer & Explanation Answer: C) Statutory Liquidity Ratio

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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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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