Direction (Q.1-5): Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
(A) In other words, a market is a set of arrangements where economic agents can freely exchange their endowments or products with each other.
(B) In particular, it has nothing as such to do with the market place as you might tend to think of.
(C) In conclusion, the arrangements which allow people to buy and sell commodities freely are the defining features of a market.
(D) A market, as studied in economics, is an institution which organizes the free interaction of individuals pursuing their respective economic activities.
(E) It is important to note that the term ‘market’ as used in economics is quite different from the common sense understanding of a market.
(F) For buying and selling commodities, individuals may or may not meet each other in an actual physical location.
1. Which of the following should be the FIRST sentence after rearrangement?
(1) B (2) D (3) C (4) A (5) F
2. Which of the following should be the SECOND sentence after rearrangement?
1) E (2) F (3) D (4) B (5) A
3. Which of the following should be the THIRD sentence after rearrangement?
(1) D (2) A (3) E (4) C (5) B
4. Which of the following should be the FOURTH sentence after rearrangement?
(1) F (2) E (3) A (4) B (5) C
5. Which of the following should be the LAST (SIXTH) sentence after rearrangement?
(1) C (2) B (3c) F (4) E (5) D
Answers Answer: DAEBFC 1. 2 2.5 3.3 4.4 5.1