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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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 scene will now shift to obtaining __________________ instruments of ratification to bring the agreement into force _________________ 2020, the first year of its________________ implementation. The agreement will enter into force with the ratification of ______________ 55 countries, whose aggregate greenhouse gas (GHG) emissions ________________ at least 55 per cent of global emissions.


The scene will now shift to obtaining __________________ instruments

A) enough B) full
C) lavish D) comfortable
 
Answer & Explanation Answer: A) enough

Explanation:
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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.


My tooth-brush is a thing that haunts me when I’m travelling, and ____________ my life a misery. I _____________ that I haven’t packed it, and wake up in a cold ________________, and get out of bed and hunt for it. And, in the morning, I pack it before I have used it, and have to unpack again to get it, and it is always the last thing I turn out of the bag; and _____________ I repack and forget it, and have to rush upstairs ___________ it at the last moment and carry it to the railway station, wrapped up in my pocket-handkerchief. Of course I had to turn every mortal thing out now, and, of course, I could not find it.


wake up in a cold ________________, and get out of

A) perspire B) perspiring
C) perspiration D) to perspire
 
Answer & Explanation Answer: C) perspiration

Explanation:
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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 preacher challenged hundreds of thousands of young people who gathered in a ___________ Polish meadow to reject being a "____________" who retreats into video games and computer screens and instead engage in social activism and politics to create a more just world. __________ his speech with ______________, the 79- year-old pope, despite a long day of public appearances, addressed his eager audience with enthusiasm yesterday on a warm summer night. Pope Francis spoke of a ______________ that comes from merely seeking convenience, from confusing happiness with a complacent way of life that could end up depriving people of the ability to determine their own fates.


Pope Francis spoke of a ______________ that comes from merely seeking convenience

A) selfishness B) panic
C) paralysis D) calamity
 
Answer & Explanation Answer: C) paralysis

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option.If a sentence is free from error, select 'No Error'.

The goal of personal development is to learn and apply that (1)/ which enable us to attain emotional well-being, understanding and (2)/ effectiveness, and to share this knowledge with others. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
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Q:

Who among the following is the executive head of state in India?

A) Prime Minister B) President
C) Cabinet Secretary D) Finance Secretary
 
Answer & Explanation Answer: B) President

Explanation:
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Q:

Which of these is not an Indian Food?

A) Tiramisu B) Imarti
C) Phirni D) Payasam
 
Answer & Explanation Answer: A) Tiramisu

Explanation:
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Q:

How many background colours there are in Bhutan’s national flag?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
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