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Consider the following with respect to the term 'Core Inflation': A) Core Inflation is the inflation rate of a particular basket of commodities. B) Core Inflation is the sudden increase in prices of certain items of food grains.C) Core inflation is caused by supply shock in certain essential commodities.
A
Only A
B
Only B
C
Only C
D
Only A and B
Correct Answer:
Only A
A naughty boy Amrit watches a Sachin Tendulkar inning and acts according to number of runs he sees Sachin scoring. The details are:
1 run - place one orange in the basket
2 runs - place one mango in basket
3 runs - place a pear in the basket
4 runs - remove a pear and a mango from the basket
One fine day, at the start of the match, the basket is empty. The sequence of runs scored by Sachin in that inning are given as 11232411234232341121314. At the end of the above inning, how many more oranges were there compared to mangoes inside the basket ? (The Basket was empty initially).
A
4
B
5
C
6
D
7
Essential Commodities Act (ECA), 1955 was in news recently. Which of the following statement(s) is/are incorrect about ECA?
1. ECA was enacted to ensure the easy availability of essential commodities to consumers.
2. Government intervention through ECA can increase price volatility of essential Commodities
3. ECA incentivises storag e infrastructure development
Select the correct answer:
A
1 and 2 only
B
1 and 3 only
C
3 only
D
1, 2 and 3
Statement :
There has been unprecedented increase in the prices of essential commodities during the past few days due to the strike call given by the transporters association.
Courses of Action :
I. The transporters' association should be ordered by the government to immediately withdraw strike call or else they will face severe consequences.
II. The government should immediately make alternative arrangements to ensure adequate supply of essential commodities in the market.
III. The government should immediately declare the strike illegal and put all those responsible for the strike behind the bars.
A
Only I and II follow
B
Only II and III follow
C
Only I and III follow
D
All follow
E
None of these
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase. Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices.
A
Only conclusion II follows
B
Conclusion I and II both follow
C
Neither I nor II follow
D
Only conclusion I follows
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.
A
QSPR
B
QPRS
C
PSRQ
D
SPQR
Consider the following statement
1. A bacterial food intoxication refers to food borne illnesses caused by the presence of a bacterial toxin formed in the food.
2. A bacterial food infection refers to food borne illnesses caused by the entrance of bacteria into the body through ingestion of contaminated foods and the reaction of the body to their presence or to their metabolites.
Which of the statements given above is/are correct?
A
Only 1
B
Only 2
C
Both 1 and 2
D
None of these
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer:
Assertion (A) The nominal interest rate comprises of a real interest rate and an expected rate of inflation and it adjusts when the inflation rate is expected to change. Hence, in the perfect international capital markets, real rate of returns are equal in the two countries.
Reason (R) The international fisher effects states that the nominal interest rate differential must be equal to the expected inflation rate differential In the two countries.
A
Both (A) and (R) are correct and (R) is the right explanation of (A)
B
Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C
(A) is correct, but (R) is not correct
D
Both (A) and (R) are incorrect
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if theyseem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) India's GDP continues to grow at one of the reasonable rates but job creation is not picking up the similar pace.
(II) Every year over 20 million young Indians join the workforce. Conclusions:
(I) Population increase is more than the job creation rate.
(II) Supply basket is less and the demand basket for jobs is very high.
A
Only conclusion II follows
B
Conclusion I and II both follow
C
Neither I nor II follow
D
Only conclusion I follows
Statements followed by some conclusions are given below. Statements : 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions : I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements.
A
Only conclusion I follows
B
Only conclusion II follows
C
Both I and II follow
D
Neither I nor II follows
Consider the Assertion (A) and Reason (R) and select the correct answer:
Assertion (A) If one premise is particular, the conclusion must be particular.
Reason (R) (i) An affirmative particular has no distributed terms, and a negative particular has an only one.
(ii) The premises cannot both be particular and thus must differ in quantity.
A
A and R both are true but R (i) and (ii) correct explanations of A
B
A and R both are true but R (i) is correct explanation of A
C
A and R both are true but R (ii) is a correct explanation of A
D
A is true, but R (i) and (ii) are incorrect explanations of A