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:

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


The nation has been _____as a relatively extensive, territorial relation of nativity. We have further formulated the_____of the nation as a territorially_____, yet bounded, social relation for the generation, transmission, and ____of life. When the nation is a national state, it is also a_____for the protection of life. The nation is often ______by the metaphor of familial relations and, indeed, has sometimes been considered as some kind of_____family. This is understandable because both the nation and the family are relations of_____. Nonetheless, there is an important difference, and to understand this will _____a more detailed examination of the_____ between territory and bonding.


This is understandable because both the nation and the family are social relations of________.

A) family B) bonding
C) kinship D) acquaintance
 
Answer & Explanation Answer: B) bonding

Explanation:
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Filed Under: English
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Q:

Name the metal that can be easily cut with a knife:

A) Copper B) Gold
C) Sodium D) Aluminium
 
Answer & Explanation Answer: C) Sodium

Explanation:
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Filed Under: General Science
Exam Prep: CAT , Bank Exams , AIEEE

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Q:

Courier service comes under which sector?

A) Primary B) Secondary
C) Tertiary D) Both Secondary and Tertiary
 
Answer & Explanation Answer: C) Tertiary

Explanation:
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Filed Under: General Awareness
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Q:

Which of the following border is known as Radcliffe line ?

A) India and China B) India and Bangladesh
C) India and Pakistan D) India and Afghanistan
 
Answer & Explanation Answer: C) India and Pakistan

Explanation:
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Q:

______________ scheme launched by the Central Government aims to improve rural livelihoods and promote rural development and strengthen the Panchayati Raj across the country.

A) Pradhan Mantri Fasal Bima Yojana B) Gram Uday Se Bharat Uday Abhiyan
C) Stand up India scheme D) National RU URBAN Mission
 
Answer & Explanation Answer: B) Gram Uday Se Bharat Uday Abhiyan

Explanation:
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Filed Under: Indian Politics
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Q:

The Android operating system is the embedded version of ________.

A) Linux B) macOS
C) UNIX D) Windows
 
Answer & Explanation Answer: A) Linux

Explanation:
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Filed Under: Computer
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Q:

If an object moves in a circular path with uniform ________, its motion is called uniform circular motion.

A) speed B) Time
C) Velocity D) Acceleration
 
Answer & Explanation Answer: A) speed

Explanation:
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Filed Under: Physics
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