Questions

Q:

The simple interest on a sum for 5 years is two­fifth of the sum. The rate of interest per annum is

A) 0.1 B) 0.08
C) 0.06 D) 0.04
 
Answer & Explanation Answer: B) 0.08

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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.

 

My brother said to me, "I was upset, but now I am fine."

 

A) My brother told me that he was upset, but now he was fine. B) My brother told me that he had been upset, but then he will be fine.
C) My brother told me that he had been upset, but then he was fine. D) My brother told me that he has been upset, but then he is fine.
 
Answer & Explanation Answer: C) My brother told me that he had been upset, but then he was fine.

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Q:

In which of the following case, law of demand fails?

A) Giffen goods B) Normal goods
C) Inferior goods D) Both Giffen and Inferior goods
 
Answer & Explanation Answer: A) Giffen goods

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

As per the data released by the Income­Tax Department in December 2017, how much percent of total population paid income tax in the assessment year 2015­16?

A) 1.7 B) 5.7
C) 9.7 D) 11.7
 
Answer & Explanation Answer: A) 1.7

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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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'.

Students who attempted the questions paper (1)/ have met some of their professors, seeking (2)/ informed answers to these questions. (3)/ No error. (4)

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

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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'.
Grandfather led (1)/a peaceful life after his (2)/retirement from the army.(3)/No Error (4)

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

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