Questions

Q:

In 2015, the nominal rate of interest in a country was 5.5% and the inflation rate then was 2.5%. So real rate of interest in 2015 was _________.

A) 8 percent B) 2.2 percent
C) 13.75 percent D) 3 percent
 
Answer & Explanation Answer: D) 3 percent

Explanation:
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Filed Under: Indian Economy

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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 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’.

When the business is ran smoothly (1)/ directors are more than happy to pick an experienced insider, (2)/ who will continue along the present path. (3)/ No error (4)

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

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Filed Under: English
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.
His father _____ him up in a construction business.

A) built B) hold
C) keep D) set
 
Answer & Explanation Answer: D) set

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Filed Under: English
Exam Prep: Bank Exams

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Q:

___________ is obtained by evaporation of sea.

A) Sugar B) Iron
C) Salt D) Steel
 
Answer & Explanation Answer: C) Salt

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which of the following is a natural polymer?

A) Bakelite B) Nylon
C) Polythene D) Starch
 
Answer & Explanation Answer: D) Starch

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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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'.

She reached to (1)/ station barely (2)/ on time. (3)/ No error (4)

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

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Fissure

A) Agglutinate B) Blend
C) Cleavage D) Entwine
 
Answer & Explanation Answer: C) Cleavage

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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