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

0 1604

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, 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.

A metrical thinker should always be moving in a direction which is beneficial and have always been right at every ______

A) height	B) stride
C) growth	D) address

Answer & Explanation Answer: B) stride

Explanation:

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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.

Seventeen students were needed for a ___________ in order to discuss the topics during the Student Council meeting.

A) decorum	B) quota
C) quorum	D) quote

Answer & Explanation Answer: C) quorum

Explanation:

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Filed Under: English
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Q:

Kelvin (K) is the unit of measurement of ________.

A) Density	B) Pressure
C) Mass	D) Temperature

Answer & Explanation Answer: D) Temperature

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

1 1603

Q:

An Odometer is an instrument used to measure ____ in automobiles.

A) direction	B) distance
C) odour	D) speed

Answer & Explanation Answer: B) distance

Explanation:

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Filed Under: Physics
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Q:

Stars twinkle but planets do not twinkle because

A) they emit light of a constant intensity	B) their distance from the earth does not change with time
C) they are very far away from the earth resulting in decrease in intensity of light	D) they are nearer to the earth and hence we receive a greater amount of light and therefore minor variations in intensity are not noticeable

Answer & Explanation Answer: A) they emit light of a constant intensity

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

When does the sun shine vertically on the Equator ?

A) Throughout the year	B) For six months
C) Twice a year	D) Once a year

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