Questions

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

The best of both worlds

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.

Who, according to the economists, are the right group of people to set the price of a commodity?

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct

1.Adversity is a curse.
P. When every thing goes on well, we are tempted to take matters easy.
Q. But, it has its uses also.
R. But adversity prompts us to exert ourselves.
S. We fall into a life of comfort and idleness.
6. This develops our latent powers, enabling us to prosper in life.

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

Consensus

Who is not amongst the winners of Nobel Prize 2016 for Chemistry?

Who among the following was crowned with the Miss World 2017 title?

Who wrote the famous line: 'A thing of beauty is a joy forever'

Fixed cost per unit increases when