Question : Which of these is one of the functions of the Government budget?
Option 1: Management of money supply
Option 2: Maintaining strict budgetary balance
Option 3: Redistribution of income and wealth
Option 4: Price fixation
Correct Answer: Redistribution of income and wealth
Solution : The correct option is Redistribution of income and wealth.
One of the functions of the Government budget is the redistribution of income and wealth. The government can use the budget to implement policies that aim to reduce income and wealth inequality within a society. This can be achieved through progressive taxation, social welfare programs, subsidies for low-income individuals or sectors, and other measures designed to transfer resources from the wealthier segments of the population to those with lower incomes. Collecting revenue from higher-income individuals and allocating resources to support lower-income groups, ultimately promotes a more equitable distribution of wealth and income in society.
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Question : Comprehension:
Read the given passage and answer the questions that follow.
Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.
Question: What has the Indian talent for acquiring material wealth led to?
Option 1: Commercial success, stagnation, innovation
Option 2: Adaptability, quick profit, opportunity
Option 3: Commercial success, innovation, adaptability
Option 4: Determination, team work, adventure
Question : Select the most appropriate option to substitute the underlined segment in the following sentence. The newly admitted students has been given a pair of uniforms by the management.
Option 1: are been given a pair
Option 2: has given a pair
Option 3: have been given a pair
Option 4: have being given a pair
Question: What are the weaknesses of traditional Indian firms?
Option 1: Ingrained ways of thinking and adoption of modern practices of management
Option 2: A weakness for quick profit and the openness to acquiring wealth
Option 3: A lack of team work and the cut-throat competition
Option 4: A lack of team work and a weakness for quick profit
Question : Parts of a sentence are given below in jumbled order. Arrange the parts in the correct order to form a meaningful sentence.
A. before the movie starts B. should be there C. at least fifteen minutes D. the theatre management recommends E. the audience
Option 1: AEDCB
Option 2: DEBCA
Option 3: EBCAD
Option 4: BDCEA
Question:
Select the most appropriate ANTONYM of the given word with reference to its usage in the passage.
Debilitating
Option 1: Enfeebling
Option 2: Crippling
Option 3: Invigorating
Option 4: Undermining
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