English problems
- 1. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Price-fixing is a phenomenon that is normal in -
Options- A. agricultural societies
- B. industrialized societies
- C. pre-industrial societies
- D. globalised societies Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: industrialized societies
- 2. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. A major act of will will bring about price-fixing that will be seen as -
Options- A. effective and productive
- B. constructive and practical
- C. normal and having valuable economic function
- D. systematic and relevant Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: normal and having valuable economic function
- 3. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is -
Options- A. rejected by the free market system
- B. opposed by the advocates of the free market theories
- C. considered suspicious by the free market theorists
- D. recognized by the advocates of the free market theories Also asked in: Bank Exams
Correct Answer: recognized by the advocates of the free market theories
- 4. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee. The writer says war is
Options- A. bloodless
- B. partial
- C. destructive
- D. unimportant Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: destructive
- 5. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee. In the passage, it is stated that "friend and foe alike were almost drowned in blood." What does it convey?
Options- A. friends and enemies forgot their differences.
- B. both suffered similarly.
- C. both started liking each other.
- D. war made people hate each other. Also asked in: Bank Exams
Correct Answer: both suffered similarly.
- 6. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee. From this passage we learn that Tony Vassal was
Options- A. Patience's husband
- B. a soldier's son
- C. Nathan's relative
- D. very successful Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: Patience's husband
- 7. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee. "............ as well a touching inducement to marry." Here inducement means
Options- A. agreement
- B. invocation
- C. reminder
- D. encouragement Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: encouragement
- 8. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee. Olive, after her parents' death became
Options- A. rich
- B. honest
- C. brave
- D. fat Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: rich
- 9. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. All art is, in an important sense, an escape. There is a sense in which the capacity to escape from his present experience, to use his accumulated consciousness of the past to project a vision of the future, is man's greatest and distinguishing ability. We must not forget the force of Aristotle's argument that poetry is valuable precisely because it shows men not simply as they are, but as they ought to be or (in terms more sympathetic to us today) as they are capable of becoming. According to the author, all art is
Options- A. a reflection of life.
- B. art
- C. an escape
- D. an important sense. Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: an escape
- 10. Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. All art is, in an important sense, an escape. There is a sense in which the capacity to escape from his present experience, to use his accumulated consciousness of the past to project a vision of the future, is man's greatest and distinguishing ability. We must not forget the force of Aristotle's argument that poetry is valuable precisely because it shows men not simply as they are, but as they ought to be or (in terms more sympathetic to us today) as they are capable of becoming. The author believes that man's greatest and distinguishing ability is
Options- A. his ability to project the future
- B. his capacity to escape from his present experience
- C. his consciousness of the past
- D. None of the above Also asked in: Bank Exams, GRE, TOEFL
Correct Answer: his capacity to escape from his present experience
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