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:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Get on somebody's nerves

 

A) To calm an anxious person. B) To be an irritant.
C) To crack jokes at somebody's expense. D) Be angry with yourself but take out the anger on somebody else.
 
Answer & Explanation Answer: B) To be an irritant.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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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.


That is why publicly invoking these symbols has to be an act of responsible citizenship and not self­____________ demagoguery, but the difference can be hard to _______________. The problem with emotive symbols is that _________________ they can multiply the force of arguments, they cannot replace the arguments__________________. All persuasion harnesses symbols but principled persuasion must also provide arguments that can be _____________ debated.

 

an act of responsible citizenship and not self­____________ demagoguery

 

A) efficacy B) serving
C) esteem D) reference
 
Answer & Explanation Answer: B) serving

Explanation:
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Q:

With which country India has signed an agreement to renew the supply of Petroleum for a period of 5 years (i.e. till 2022)?

A) Nepal B) U.A.E.
C) Iran D) Bhutan
 
Answer & Explanation Answer: A) Nepal

Explanation:
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Filed Under: General Awareness
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Q:

C Programming language was developed by ___________.

A) Charles Babbage B) Larry Wall
C) James Gosling D) Dennis Ritchie
 
Answer & Explanation Answer: D) Dennis Ritchie

Explanation:
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Filed Under: Computer
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Q:

The Working Committee of National Congress sanctioned the resolution named 'Quit India' at

A) Wardha B) Nagpur
C) Mumbai D) Delhi
 
Answer & Explanation Answer: A) Wardha

Explanation:
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Filed Under: Indian Politics
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Q:

In India, the Air (Prevention and Control of Pollution) Act came into force in 1981, but was amended in ________ to include noise as an air pollutant.

A) 1987 B) 1997
C) 2007 D) 2017
 
Answer & Explanation Answer: A) 1987

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'.

For a full week(A)/she enjoyed the benefits(B)/ of being a big sister.(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

Explanation:
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