Questions

Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Debenture holders of a company are its ___________.

A) Shareholders B) Creditors
C) Debtors D) Directors
 
Answer & Explanation Answer: B) Creditors

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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.

Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books.

The books help us find ______ to

A) answers B) solutions
C) relations D) opinions
 
Answer & Explanation Answer: A) answers

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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. If a sentence is free from error, select 'No error'.
I was shocked to hear (1)/ that her husband (2)/ died of an accident. (3)/ No Error (4)

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

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Q:

How are elements arranged in the Modern Periodic Table?

A) In the increasing order of their Molecular Mass B) In the increasing order of their Atomic Mass
C) In the increasing order of their Atomic Number D) In the increasing order of their Mass Number
 
Answer & Explanation Answer: B) In the increasing order of their Atomic Mass

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Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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