Questions

Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

 

In the entire

 

A : process of discoveries

B : and development, ethics

C : was exiled

 

A) CBA   B) ABC  
C) CAB   D) BCA
 
Answer & Explanation Answer: B) ABC  

Explanation:
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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".

 

May be Karishma wasn't the only one who (had been overlooked) by Mrs Shah when it came to inheritance.

 

A) have been overlooked B) is been overlook
C) had been overlooking D) no improvement
 
Answer & Explanation Answer: D) no improvement

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

The outer layer of the cerebrum (part of the brain), composed of folded grey matter, plays an important role in the consciousness.

A) victor B) cortex
C) scrub D) capered
 
Answer & Explanation Answer: B) cortex

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

Curtail

A) Prolong B) Downsize
C) Lengthen D) Extend
 
Answer & Explanation Answer: B) Downsize

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Q:

Where was Mahatma Gandhi born?

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

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Scuttle

A) Solitary B) Superficial
C) Soothing D) Brazier
 
Answer & Explanation Answer: D) Brazier

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Surreptitious

A) Hesitation B) Secret
C) Impious D) Artless
 
Answer & Explanation Answer: B) Secret

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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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