Questions

Q:

Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?

A) Absolute Income Hypothesis B) Relative Income Hypothesis
C) Life Cycle Hypothesis D) Permanent Income Hypothesis
 
Answer & Explanation Answer: C) Life Cycle Hypothesis

Explanation:

The life-cycle theory of consumption, popularly known as life-cycle hypothesis,' was developed by Ando and Modigliani" in the early 1960s.

The life-cycle hypothesis postulates that individual consumption in any time period depends on

(i) resources available to the individual,

(ii) the rate of return on his capital, and

(iii) the age of the individual.

The resources available to an individual consist of his existing net wealth and the present value of all his current and future labour incomes. According to the life-cycle hypothesis, a rational consumer plans consumption on the basis of all his resources and allocates his income to consumption over time so that he maximizes his total utility over his life time.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Hornbili festival is celebrated in

A) Arunachal Pradesh B) Nagaland
C) Odisha D) West Bengal
 
Answer & Explanation Answer: B) Nagaland

Explanation:
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Filed Under: Indian Culture
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Rituals play into the __________ understandings of a society.

A) tactfully B) tacit
C) taciturn D) tacitly
 
Answer & Explanation Answer: B) tacit

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

The scenario _________________ dramatically today. We have the ___________________ of powerful Internet monopolies that are much bigger ________________ the telcos. Not surprisingly, these companies now see the _______________ of monopoly. They would like to combine with telcos to create monopolies for their platforms, ensuring that they control the future of the Internet and freeze their competition ____________.


future of the Internet and freeze their competition ____________.

A) off B) about
C) in D) out
 
Answer & Explanation Answer: D) out

Explanation:
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Filed Under: English
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Q:

The five permanent members of the UN security council are

A) USA, China, France, Russia and Canada B) China, France, Russia, UK and USA
C) Japan, Germany, Russia, UK and USA D) Germany, China, USA. Russia and UK
 
Answer & Explanation Answer: B) China, France, Russia, UK and USA

Explanation:
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Filed Under: Indian Politics
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Q:

Which e-commerce website has partnered with NationalHighways Authority of India (NHAI) to enable cashlesspayments at all national and city toll plazas?

A) Paytm B) Mobikwik
C) Freecharge D) Oxigen
 
Answer & Explanation Answer: A) Paytm

Explanation:
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Filed Under: General Awareness
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Q:

Which of the following is the treatment of water pollution?

A) Bag house filter B) Windrow composting
C) Venturi scrubber D) Reverse Osmosis
 
Answer & Explanation Answer: D) Reverse Osmosis

Explanation:
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Filed Under: General Science
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Q:

Which of the following device is used to measure humidity?

A) Hydrometer B) Hygrometer
C) Psycho Meter D) Anemometer
 
Answer & Explanation Answer: B) Hygrometer

Explanation:
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Filed Under: Physics
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