Joint Admission Test for M.Sc Programmes
Question : Statement 1: SEBI's protective functions aim to safeguard the interests of investors.
Statement 2: SEBI's protective functions focus solely on promoting company profitability.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, and statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer: Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. One of SEBI's main objectives is to protect the interests of investors by ensuring fair practices, market integrity, and transparency in transactions. They work to maintain a secure environment for investors.
Statement 2 is false. SEBI's protective functions are primarily focused on safeguarding the interests of investors and maintaining the integrity of the market. While a stable and transparent market can indirectly contribute to the profitability of companies, SEBI's primary concern is investor protection and market fairness rather than directly promoting company profitability.
Question : Parts of the following sentence have been given as options. One of them contains an error. Select the part that contains the error from the given options.
The thin wire that giving off light is called the filament.
Option 1: that giving off
Option 2: the filament
Option 3: The thin wire
Option 4: light is called
Correct Answer: that giving off
Solution : The correct choice is the first option.
Give off is a phrasal verb, which means to produce something such as heat or light. The singular form of the phrasal verb "gives off" should replace the phrase "giving off" to make the sentence grammatically accurate and convey the intended meaning that the thin wire that emits light is known as the filament.
Therefore, the correct sentence is: "The thin wire that gives off light is called the filament."
Question : Mixture A contains chocolate and milk in the ratio 4 : 3 and mixture B contains chocolate and milk in the ratio 5 : 2. A and B are taken in the ratio 5 : 6 and mixed to form a new mixture. The percentage of chocolate in the new mixture is closest to:
Option 1: 35%
Option 2: 69%
Option 3: 31%
Option 4: 65%
Correct Answer: 65%
Solution : The ratio of chocolate to milk in mixture A = 4 : 3 The ratio of chocolate to milk in mixture B = 5 : 2 Let 5 units taken from mixture A and 6 units taken from mixture B. The ratio of chocolate to milk in new mixture = $(5\times \frac{4}{7} + 6\times \frac{5}{7}):(5\times \frac{3}{7} + 6\times \frac{2}{7})$ = 50 : 27 Percentage of chocolate in new mixture = $\frac{\text{chocolate}}{\text{chocolate + milk}} \times 100$ = $\frac{50}{(50 + 27)} \times 100$ = 64.93% = 65% (approx) Hence, the correct answer is 65%.
Question : Which of the following is an example of human capital measurement?
Option 1: Gross Domestic Product (GDP)
Option 2: Consumer Price Index (CPI)
Option 3: Human Development Index (HDI)
Option 4: Producer Price Index (PPI)
Correct Answer: Human Development Index (HDI)
Solution : The correct answer is (c) - Human Development Index (HDI).
The Human Development Index is a composite measure used to assess the overall well-being and development of a country's population. It takes into account various dimensions of human development, including education, health, and income. The HDI incorporates indicators such as literacy rates, school enrollment rates, life expectancy, and per capita income to provide a comprehensive picture of human development within a country.
The HDI reflects the notion that human capital goes beyond economic measures like GDP (option a) and extends to factors such as education and health. While GDP is an indicator of economic output, it does not capture the full spectrum of human capital.
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