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
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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.
P- They never desert us even when all fair weather friends have deserted us.
Q- Books are never failing friends.
R- They dispel the dark clouds of gloom from our minds and increase our happiness if we are already happy.
S- Through the ages, the scriptures and other great books have provided, immeasurable solace to the wounded and strife torn humanity.

A) QRSP B) PRSQ
C) RSPQ D) QPRS
 
Answer & Explanation Answer: D) QPRS

Explanation:
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Filed Under: English
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Q:

Which of the following areas or regions is most prone to earthquakes?

A) Deccan Plateau B) Ganga­Brahmaputra Valley
C) Plains of northern India D) Western Ghats
 
Answer & Explanation Answer: B) Ganga­Brahmaputra Valley

Explanation:
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Filed Under: Indian Geography
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Q:

Which of the following green house gases has the greatest heat-trapping ability?

A) Chlorofluoro carbon B) Methane
C) Carbon dioxide D) Nitrous oxide
 
Answer & Explanation Answer: A) Chlorofluoro carbon

Explanation:
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Filed Under: Chemistry
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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.

 

India is a country that loves decentralisation and it covers almost every ________________. I will focus ________________ the subject of tyranny. For example, look _______________ our police stations. We ____________________ a Hobbesian sovereign ruling over us. In political ___________________, one has what is called the concept of sovereignty which is discussed in Hobbesian terms.

 

For example, look _______________ our police stations

 

A) into B) upon
C) at D) towards
 
Answer & Explanation Answer: C) at

Explanation:
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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.

______ great was achieved by an individual without enthusiasm and interest.

 

A) Nothing B) Something
C) Everything D) Anything
 
Answer & Explanation Answer: A) Nothing

Explanation:
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Q:

India has signed a Grant Agreement for AdditionalFinancing in Financing Energy Efficiency at MSMEsProject- Programmatic Framework for Energy Efficiency with___________.

A) Asian Development Bank (ADB) B) International Fund for Agricultural Development(IFAD)
C) European Bank for Reconstruction and Development(EBRD) D) International Bank for Reconstruction andDevelopmen t (IBRD)
 
Answer & Explanation Answer: D) International Bank for Reconstruction andDevelopmen t (IBRD)

Explanation:
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Filed Under: General Awareness
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Q:

The economic survey of India is prepared by

A) Department of economic affairs B) Central statistical office (CSO)
C) National sample survey organization(NSSO) D) Office of Economic Advisor
 
Answer & Explanation Answer: A) Department of economic affairs

Explanation:

The Department of Economic Affairs, Finance Ministry of India presents the Economic Surveyin the parliament every year, just before the Union Budget. It is prepared under the guidance of theChief Economic Adviser, Finance Ministry. It is the ministry's view on the annual economic development of the country.

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