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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
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Q:

Champaner-Pavagadh Archaeological Park is in ________.

A) Rajasthan B) Assam
C) Bihar D) Gujarat
 
Answer & Explanation Answer: D) Gujarat

Explanation:
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Filed Under: Indian Geography
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Q:

What is the capital of Uttarakhand?

A) Almora B) Pithoragarh
C) Chamoli D) Dehradun
 
Answer & Explanation Answer: D) Dehradun

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Filed Under: Indian Geography
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Q:

Bhutan does not share its border with which Indian state?

A) West Bengal B) Sikkim
C) Meghalaya D) Arunachal Pradesh
 
Answer & Explanation Answer: C) Meghalaya

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Filed Under: Indian Geography
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.
I said to him, "I am too tired now to go out with you."

A) I said to him that I was too tired then to go out with him. B) I said to him that I am too tired then to go out with him.
C) I said to him that I was too tired then to go out with you. D) I said to him that I am too tired then to go out with you.
 
Answer & Explanation Answer: A) I said to him that I was too tired then to go out with him.

Explanation:
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Filed Under: English
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Q:

______ are details of appearance or behavior or in other words, a particular form or a particular function in classification of organisms.

A) Speciation B) Evolution
C) Characteristics D) Illustration
 
Answer & Explanation Answer: C) Characteristics

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Filed Under: Biology
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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.
Gnash your teeth

A) Express rage B) Brush your teeth
C) Laugh hysterically D) Take a big bite
 
Answer & Explanation Answer: A) Express rage

Explanation:
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Filed Under: English
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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

The homeowners remodelled the house to help it sell.

A) The house was remodelled by the homeowners to help it sell. B) The house is remodelled by the homeowners to help it sell.
C) So that it is helped to sell the house was remodelled by the homeowners. D) So that it is helped to sell the house is remodelled by the homeowners.
 
Answer & Explanation Answer: A) The house was remodelled by the homeowners to help it sell.

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Filed Under: English
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