Questions

Q:

The Agra fort was built by ___________.

A) Shah Jahan B) Akbar
C) Jahangir D) Babur
 
Answer & Explanation Answer: B) Akbar

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Q:

The book "Azad Bachpan ki Aur" is written by which author?

A) Kailash Satyarthi B) Radhakant Bharti
C) Dipak Misra D) Subhash Chandra
 
Answer & Explanation Answer: A) Kailash Satyarthi

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Q:

What is formed when Magnesium is burnt?

A) Baking Soda B) Calcium Carbonate
C) Ash D) Vinegar
 
Answer & Explanation Answer: C) Ash

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Q:

Allium Cepa is the scientific name of _____.

A) Carrot B) Tomato
C) Potato D) Onion
 
Answer & Explanation Answer: D) Onion

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Q:

In Microsoft Word, under character formatting ___________ makes character stand out by making them bold, Italic or both.

 

A) Size B) Font style
C) Effects D) Font style
 
Answer & Explanation Answer: D) Font style

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Q:

Which  of  the  following  are  the  powers  of the Supreme Court of India?

1.Original    jurisdiction    in    a    dispute between  the  Government  of  India  and one or more States.

2.The  power  to  hear  appeals  from  the High Courts

3.Passing  decrees  and  orders  for  doing justice in any matter before it

4.Render advice to the President of India in matters of law

Select  the  correct  answer  using  the  code given below.

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

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Q:

"Taxes on agricultural income" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: B) State

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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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