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Question 1 of 5
1. Question
The misery index is the sum of a country’s unemployment and inflation rate. The higher the index, he more miserable is the country to live in. The figure given below is the misery index for various countries in Europe.
Which of the following conclusions can be drawn from the misery index given above?
- Britain is the most miserable country to live in.
- The inflation rate in Spain is less than that in Belgium and Britain.
- Italy and France seem to have almost identical unemployment.
- The higher the misery index, the higher the inflation rate.
Select the correct answer using the codes given below.
Codes:
Correct
Answer : b
Inflation rate, i.e., shaded portion in the graph is less for Spain than Belgium and Britain. Further, from the graph, Italy and France have identical unemployment rate. Hence, conclusions 2 and 3 are Correct.
Incorrect
Answer : b
Inflation rate, i.e., shaded portion in the graph is less for Spain than Belgium and Britain. Further, from the graph, Italy and France have identical unemployment rate. Hence, conclusions 2 and 3 are Correct.
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Question 2 of 5
2. Question
The following table shows the percent change in the amount of sales (in rupees) at different retail stores in a given neighbourhood market in the period 1993 to 1995.
Retail stores Percent change 1993 to 1994 1994 to 1995 Anshu +10 -10 Borna -20 +9 Calpo +5 +12 Dilip -7 -15 Elegant +17 -8 If the sales at Anshu store amounted to Rs 8 lakh in 1993, then the amount of sales (in lakh rupees) at that store in 1995 was
Correct
Answer : a
If there are two percent changes of x% and y%,
then net percent change
= x + y + [xy/100]
So, for Anshu store, net change (in percent)
= 10 – 10 + [(10)(-10)/100]
= – 1%
So, amount of sales in 1995 for Anshu store
= 8 (1 – 1/100)
= Rs 7.92 lakh
Incorrect
Answer : a
If there are two percent changes of x% and y%,
then net percent change
= x + y + [xy/100]
So, for Anshu store, net change (in percent)
= 10 – 10 + [(10)(-10)/100]
= – 1%
So, amount of sales in 1995 for Anshu store
= 8 (1 – 1/100)
= Rs 7.92 lakh
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Question 3 of 5
3. Question
Consider the following information regarding the performance of a class of 1000 students in four different tests.
Tests I II III IV Average Marks
60 60 70 80 Range of Marks
30 to 90 45 to 75 20 to 100 0 to 100 If a student scores 74 marks in each of the four tests, in which one of the following tests is her performance the best comparatively?
Correct
Answer : b
In test 1 and test II, average marks are minimum and thus a score of 74 will be best relatively Further, range of marks in test II is up to 75, thus her performance will be best in test II comparatively.
Incorrect
Answer : b
In test 1 and test II, average marks are minimum and thus a score of 74 will be best relatively Further, range of marks in test II is up to 75, thus her performance will be best in test II comparatively.
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Question 4 of 5
4. Question
Consider the following chart
Interest rates (in percentage)
The chart above shows the movement of nominal Interest rates and real interest rates (defined as nominal interest rate minus inflation). Which one of the following is the correct interpretation?
Correct
Answer : b
According to given information in question,
Inflation = nominal rate real rate
For Feb
Incorrect
Answer : b
According to given information in question,
Inflation = nominal rate real rate
For Feb
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Question 5 of 5
5. Question
Consider the following information regarding the performance of a class of 1000 students in four different tests.
Tests I II III IV Average Marks
60 60 70 80 Range of Marks
30 to 90 45 to 75 20 to 100 0 to 100 If a student scores 74 marks in each of the four tests, in which one of the following tests is her performance the best comparatively?
Correct
Answer : b
In test 1 and test II, average marks are minimum and thus a score of 74 will be best relatively Further, range of marks in test II is up to 75, thus her performance will be best in test II comparatively.
Incorrect
Answer : b
In test 1 and test II, average marks are minimum and thus a score of 74 will be best relatively Further, range of marks in test II is up to 75, thus her performance will be best in test II comparatively.
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