Questions

Q:

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

 

Rat race

 

A) Make others fight for scraps and get sadistic pleasure out of it B) Be an oppressive boss and treat employees like animals
C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power D) Play games with the lives of other people and see them run aimlesly
 
Answer & Explanation Answer: C) A way of life in which people are caught up in a fiercely competitive struggle for wealth or power

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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'.

 

Population decline, counter-urbanisation, invasion, and (1)/ movement of people, which had begun in Late (2)/ Antiquity, continued in the Early Middle Ages. (3)/ No error (4)

 

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

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

There is something in a train journey that (was fascinated) a lot of people and I am one of them.

 

A) has fascinated B) have fascinated
C) has fascinate D) no improvement
 
Answer & Explanation Answer: A) has fascinated

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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 kindergarten children, /(A)drawing by crayons is always(B)/even more preferable then sketch pens.(C)/No error(D)

 

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

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P. Farmers could no longer pay their loans and some banks were closed down.
Q. Prices dropped due to increased supply, which was followed by a drought.
R. The country was well advanced in technology and farmers increased their production levels.
S. The Great Depression in America began with overproduction and low prices in the agricultural sector.

 

A) RQPS B) QPSR
C) PSRQ D) SRQP
 
Answer & Explanation Answer: D) SRQP

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Q:

Champaner-Pavagadh Archaeological Park is in ________.

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

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Q:

Which river originates from Amarkantak?

A) Betwa B) Chambal
C) Sone D) Narmada
 
Answer & Explanation Answer: D) Narmada

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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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