- a country's economic standard can be best adjudged by per capital income.
- a country's balance of trade is the main criteria of determining its economic prosperity.
- a nation's economy strengthens with the increase in exports.
- English trade has continually increased since the Second World War.
- high performance is essential for organisational effectiveness.
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Though the waste of time or the expenditure on fashions is very large, yet fashions have come to stay. They will not go, come what may. However, what is now required is that strong efforts should be made to displace the excessive craze for fashion from the minds of these youngsters. The passage best supports the statement that:?
Answer: Option 3 the hoard for fashion should be done away with so as not to let down the constructive development.
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Two men and women are entrusted with a task. The second man needs three hours more to cope up with the job than the second man and the woman would need working together. The first man, working alone, would need as much time as second man and the woman working together. The first man working alone, would spend eight hours less than the double period of the time second man would spend working alone. How much time would the two men and the women need to complete the task if they all asked together?
Answer: Option 1 Difference in times required by the first man (A) and second man (B) = 3 hours. Also, if ta and tb are the respective times, then tb -...
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If debit balances = credit balances, trial balance only shows or checks the _________ and it does not indicate that no errors were made during recording and posting.?
Answer: Option 1 If debit balances = credit balances, trial balance only shows or checks the Arithmetic accuracy and it does not indicate that no errors were made during recording...
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Statement : Large number of people have become critically ill after consuming spurious liquor from a local shop. Courses of Action : I. The Government should immediately close down all the shops selling liquor till the stocks are tested for presence of toxicity. II. The owner of the liquor shop should be asked to leave the town and open a shop elsewhere. III. The owner of the liquor shop should immediately be arrested and tried for criminal negligence.?
Answer: Option 4 Clearly, the owner of the shop should be punished for selling spurious liquor. Further, attempts should be made to unearth other such unscrupulous liquor sellers by conducting...
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community. Assumptions : I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase. II. Equal pay for equal work.?
Answer: Option 1 The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is...
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Directions : Following question consists of a statement followed by four arguments I, II, III and IV. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should trade unions be banned completely Arguments : I. Yes. Workers can concentrate on production. II. No. This is the only way through which employees can put their demands before the management. III. Yes. Employees get their illegal demands fulfilled through these unions. IV. No. Trade unions are not banned in other economically advanced countries.?
Answer: Option 2 Clearly, trade unions provide a common platform for the workers to voice their demands and protests and thus ensure that they are not subdued or exploited. So,...
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Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should the income generated out of agricultural activities be taxed Arguments : I. No. Farmers are otherwise suffering from natural calamities and low yield coupled with low procurement price and their income should not be taxed. II. Yes. Majority of the population is dependent on agriculture and hence their income should be taxed to augment the resources. III. Yes. Many big farmers earn much more than the majority of the service earners and they should be taxed to remove the disparity.?
Answer: Option 3 Clearly, if the income of farmers is not adequate, they cannot be brought under the net of taxation as per rules governing the Income Tax Act. So,...
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The Government has imported large quantities of sugar as per trade agreement with other countries. II. The prices of sugar in the domestic market have fallen sharply in the recent months.?
Answer: Option 1 The increase in supply always triggers a reduction in the prices.
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The prevention of accidents makes it necessary not only that safety devices be used to guard exposed machinery but also that mechanics be instructed in safety rules which they must follow for their own protection, and that lighting in the plant be adequate. The passage best supports the statement that industrial accidents:?
Answer: Option 4 can be eliminated with the help of safety rules.
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It is up to our government and planners to devise ways and means for the mobilisation of about ten crore workers whose families total up about forty crore men, women and children. Our agriculture is over-manned. A lesser number of agriculturists would mean more purchasing or spending power to every agriculturist. This will result in the shortage of man-power for many commodities to be produced for which there will be a new demand from a prosperous agrarian class. This shortage will be removed by surplus man-power released from agriculture as suggested above. The passage best supports the statement that:?
Answer: Option 2 Indian economy is in a poor shape basically due to improper mobilisation of man-power.
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