Economics
Question : Which of the following was a major opposition party during the era of one-party dominance in India?
Option 1: Bharatiya Jana Sangh
Option 2: Aam Aadmi Party
Option 3: All India Trinamool Congres
Option 4: Telugu Desam Party
Correct Answer: Bharatiya Jana Sangh
Solution : The Bharatiya Jana Sangh was a major opposition party during the era of one-party dominance in India, challenging the dominance of the Indian National Congress.
Question : Which of the following is an example of positive economics?
Option 1: The government should regulate monopolistic behavior to protect consumers.
Option 2: Supply and demand determine market prices.
Option 3: Wealth should be redistributed to achieve social equality.
Option 4: Economic policies should prioritize environmental sustainability.
Correct Answer: Supply and demand determine market prices.
Solution : The correct answer is (b) Supply and demand determine market prices.
Supply and demand determine market prices is an example of positive economics because it describes an economic relationship based on empirical observation and analysis. The statement highlights the role
Question : The activities involved in managing an enterprises are common to all organisations whether economics, social or political. It shows which characteristic of management?
Option 1: Dynamic function
Option 2: Pervasive
Option 3: Multi dimensional
Option 4: Continuous process
Correct Answer: Pervasive
Solution : Management is essential to all organisation whether because small business or non business it is a universal concept.Management is all pervasive it is because the management is applicable in all organisations whether it is economics, social or political.
Hence, Option B is correct.
Question : Find the correct match:
Option 1: An enquiry into the nature and causes of the wealth of the nation: A.C. Pigou.
Option 2: Science that deals with wealth: Alfred Marshall.
Option 3: Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.
Option 4: The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money: Adam Smith
Correct Answer: Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses: Robbins.
Solution : The correct match is (C) Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses:
Question : One of the following is "Labour" in economics.
Option 1: A musician performing for a benefit fund
Option 2: A painter working for his pleasure
Option 3: Reading a book as a hobby
Option 4: A mother teaching her son
Correct Answer: A musician performing for a benefit fund
Solution : The correct answer is A musician performing for a benefit fund.
In economics, a musician performing for a benefit fund is considered labour. In economics, labour refers to the physical and mental work that individuals put in to
Question : Parts of the following sentence have been given as options. Select the option that contains an error.
There was a saying that they’re their own enemies with negligble reason to be shared.
Option 1: There
Option 2: negligble
Option 3: they’re
Option 4: their
Correct Answer: negligble
Solution : The error lies in the second option.
The correct spelling of the word is negligible. The word negligible means something that is so small or unimportant that it can be disregarded or considered insignificant.
The correct sentence is: There was a saying that they’re
Question : Fill in the blank with the most appropriate word.
Ram loves maths_____ his sister is interested in Economics.
Option 1: therefore
Option 2: whereas
Option 3: whether
Option 4: still
Correct Answer: whereas
Solution : The correct answer is option 2
Explanation
Let's examine the connotations of the conjunctions:
Therefore-in light of the
Whereas -In contrast to, or in comparison to, the fact that
Whether -expressing uncertainty or making a decision between options
Still - despite that; nonetheless
Whereas is
Question : What is the value of $14 \frac{2}{7}$% of $301+12.5$% of 184?
Option 1: 64
Option 2: 70
Option 3: 66
Option 4: 68
Correct Answer: 66
Solution : According to the question $14 \frac{2}{7}$% of $301+12.5$% of 184 = $\frac{14 × 7 + 2}{7}$% of 301 + $\frac{12.5}{100}$ × 184 = $\frac{100}{7}$% × 301 + 23 = 43 + 23 = 66 Hence, the correct answer is 66.
Question : Directions: In the following question, out of the four alternatives, select the alternative that will improve the bracketed part of the sentence. In case no improvement is needed, select "No Improvement".
He plays football and basketball (also).
(1) too
(2) although
(3) besides
(4) No Improvement
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
Correct Answer: 1
Solution : The correct choice is the first option.
In this context, "too" is used to indicate that the person not only plays football but also plays basketball. It is used as an adverb to show an addition to what has already been stated. "
Question : Normative economics deals with:
Option 1: Economic data analysis
Option 2: Objective and value-free analysis
Option 3: Economic policies and ethical judgments
Option 4: Economic theories and models
Correct Answer: Economic policies and ethical judgments
Solution : The correct answer is (c) Economic policies and ethical judgments.
Normative economics deals with the formulation and evaluation of economic policies, as well as making ethical judgments about economic outcomes. It involves analyzing economic issues from a normative or prescriptive perspective,
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
And never miss an important update
