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12 Views

Question : Who gave the concept of 'money illusion' for the first time?

Option 1: Robertson

Option 2: Adam Smith

Option 3: Irving Fisher

Option 4: John Maynard Keynes

Team Careers360 21st Jan, 2024

Correct Answer: Irving Fisher


Solution : The correct answer is Irving Fisher.

The concept of 'money illusion' was introduced by the American economist Irving Fisher. Irving Fisher, an influential economist of the late 19th and early 20th centuries, first articulated the concept of money illusion in his work. He discussed

12 Views

Question : A tradesman marks his goods at 25% above the cost price. If he reduces the marked price by $12\frac{1}{2}\%$, then his profit will be:

Option 1:

$9\frac{3}{8}\%$

Option 2: $7\frac{3}{5}\%$

Option 3: $6\frac{3}{8}\%$

Option 4: $5\frac{1}{3}\%$

Team Careers360 21st Jan, 2024

Correct Answer:

$9\frac{3}{8}\%$


Solution : Use the successive percentage change formula, where $x$ and $y$ are percentage increases or decreases, if increases take positive and if decreases take negative.
$=(x+y+\frac{xy}{100})\%$
We have, $x = 25\%$ and $y=-12\frac{1}{2}\%=-\frac{25}{2}\%$
The required profit percentage,
$=(25-\frac{25}{2}-\frac{25×25}{200})\%$
$=(25-\frac{25}{2}-\frac{25}{8})\%$
$=\frac{75}{8}\%$
$=9\frac{3}{8}\%$
Hence, the correct answer is

13 Views

Question : Which among the following is the primary constituent of pearls?

Option 1: Calcium sulphate

Option 2: Calcium carbonate

Option 3: Sodium bicarbonate

Option 4: Magnesium peroxide

Team Careers360 23rd Jan, 2024

Correct Answer: Calcium carbonate


Solution : The correct answer is Calcium carbonate.

The primary constituent of pearls is calcium carbonate. Pearls are formed within the soft tissue of a living shelled mollusc, such as an oyster or mussel, as a defence mechanism against irritants. The mollusc secretes layers of nacre

45 Views

Question : Rajinder drives his car at an average speed of 40 km/hr to cover half of his total distance and thereafter he increases his speed to 60 km/hr. He covers his journey in 7 hours. What is the average speed of Rajinder on this journey?

Option 1: 52 km/hr

Option 2: 48 km/hr

Option 3: 50 km/hr

Option 4: 54 km/hr

Team Careers360 24th Jan, 2024

Correct Answer: 48 km/hr


Solution : Let the total distance covered by Rajinder = $2x$ km
Time taken to travel half distance = $\frac{x}{40}$
Time taken to travel other half distance = $\frac{x}{60}$
Average speed = $\frac{\text{Total distance travelled}}{\text{Total time taken}}$
= $\frac{2x}{\frac{x}{40}+\frac{x}{60}}$
= $\frac{2×40×60}{40+60}$
= 48 km/hr
Hence, the

58 Views

Question : Select the most appropriate option to substitute the underlined segment in the given sentence. If no substitution is required, select 'No substitution'.

You must be quite good acquainted with the terrain in this jungle.

Option 1: well acquainted

Option 2: No substitution

Option 3: better acquaints

Option 4: best acquaint

Team Careers360 23rd Jan, 2024

Correct Answer: well acquainted


Solution : The correct choice is the first option.

Explanation: "Acquainted" means having knowledge or experience of something. In this context, "well acquainted" indicates a good or sufficient level of familiarity or knowledge of the jungle terrain. It fits naturally within the sentence structure and conveys

19 Views

Question : The beak is formed by

Option 1: cheeks

Option 2: jaws

Option 3: teeth

Option 4: none

Team Careers360 22nd Jan, 2024

Correct Answer: jaws


Solution : The correct option is jaws.

The beak of a bird is formed usually via jaw modification. The jaws of birds have developed into a specialised structure that is designed for a variety of purposes, such as eating, grooming and communication. A bird's beak is

40 Views

Question : A gives B a head-start of 10 seconds in a 1500 m race and both finish the race at the same time. What is the time A takes (in minutes) to finish the race if the speed of B is 6 m/s?

Option 1: 3

Option 2: 4

Option 3: 8

Option 4: 5

Team Careers360 25th Jan, 2024

Correct Answer: 4


Solution : Time taken by B to finish the race = $\frac{1500}{6}$ = 250 seconds
Given A gives a head start of 10 seconds to B.
$\therefore$ Time taken by A to finish the race = 250 – 10 = 240 seconds
Now, 240 seconds = $\frac{240}{60}$

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