National Eligibility cum Entrance Test
Question : Which factor affecting price determination is highlighted in the given statement? Statement: In addition to price quality and features of the competitive products must be examined carefully before fixing the prices.
Option 1: Product cost
Option 2: Utility and demand of the product
Option 3: Extent of competition in the market
Option 4: Government and legal regulations
Correct Answer: Extent of competition in the market
Solution : In addition to price quality and features of the competitive products must be examined carefully before fixing the prices. Competitors price and their anticipated reactions must be considered before fixing the price of product.
Hence, option C is correct.
Question : The number of books issued by a library for 6 months has been represented in the following bar graph. In which month the maximum number of books were issued?
Option 1: Jan
Option 2: April
Option 3: May
Option 4: February
Correct Answer: May
Solution : It is clear from the bar graph that the maximum number of books were issued in May. Hence, the correct answer is May.
Question : The process of transferring funds from one bank account to another electronically is called ___________.
Option 1: Online banking
Option 2: electronic funds transfer (EFT)
Option 3: Mobile banking
Option 4: Internet banking
Correct Answer: electronic funds transfer (EFT)
Solution : The answer to the question is (b) electronic funds transfer (EFT).
Online banking, mobile banking, and internet banking are all terms that refer to the use of electronic means to access and manage your bank account. However, EFT is a specific type
Question : Directions: Which term from among the given options can replace the question mark (?) in the following series to make it logically complete? EZ 10, ?, ID 36, KF 49, MH 62
Option 1: HC 21
Option 2: FB 22
Option 3: GB 23
Option 4: FC 21
Correct Answer: GB 23
Solution : Given: EZ 10, ?, ID 36, KF 49, MH 62
Add 2 in the positional value of each letter and add 13 to each number of the previous term to get the next term – EZ 10→E + 2 = G; Z + 2
Question : Directions: Two statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements. Statements: No girl is a horse. Rachel is a girl. Conclusions: I. Rachel is not a horse. II. All girls are not Rachel.
Option 1: Both conclusions I and II follow
Option 2: Neither conclusion I nor II follows
Option 3: Only conclusion I follows
Option 4: Only conclusion II follows
Correct Answer: Only conclusion I follows
Solution : The possible Venn diagram according to the given statement is as follows –
Let's analyse the conclusions – Conclusion I: Rachel is not a horse – From the Venn diagram, it is evident that Rachel is a girl and no girl is
Question : Directions: From the given answer figures, select the one in which the question figure is hidden/embedded.
Option 1:
Option 2:
Option 3:
Option 4:
Correct Answer:
Solution : Because there is no restriction on the rotation of the figure, we will check all the possible orientations of the question figure in which of the given option figures it can fit itself. By comparison of all option figures, the question figure is embedded only in
Question : Parts of the following sentence have been given as options. Select the option that contains a grammatical error.
Bobo was / very richer than Jim / as he had illicitly accumulated / all his wealth.
Option 1: very richer than jim
Option 2: all his wealth
Option 3: as he had illicitly accumulated
Option 4: Bobo has
Correct Answer: very richer than jim
Solution : The first option is correct.
In the sentence provided, the error lies in the use of very with the comparative form of the adjective "rich". When making comparisons, adjectives like rich form their comparative and superlative degrees without the use of very
Question : Psychographic segmentation is based on:
Option 1: Geographic location
Option 2: Customer income
Option 3: Personality traits and lifestyle
Option 4: Customer age
Correct Answer: Personality traits and lifestyle
Solution : The correct answer is (c) Personality traits and lifestyle.
Psychographic segmentation is a marketing technique that involves dividing a market based on consumers' psychological characteristics, such as their personality traits, values, beliefs, interests, attitudes, and lifestyle. This segmentation approach goes beyond demographic
Question : In which year was the Indian National Congress established?
Option 1: 1891
Option 2: 1885
Option 3: 1876
Option 4: 1882
Correct Answer: 1885
Solution : The correct answer is 1885.
The Indian National Congress was founded on December 28, 1885. The INC was founded by Allan Octavian Hume, a retired British civil servant, in collaboration with prominent Indian leaders and intellectuals. The first session of the INC, held in Bombay
Question : In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom Phrase.
Fairly and squarely
Option 1: Suddenly
Option 2: Rigorously
Option 3: Wholly
Option 4: Honestly
Correct Answer: Honestly
Solution : The correct choice is the fourth option.
Explanation: The idiomatic expression "fairly and squarely" implies conducting oneself or handling a situation in an honest and straightforward manner. It suggests fairness, transparency, and integrity. Among the options, "honestly" aligns most closely with the intended meaning
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