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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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.

The quest for a _____ life engrosses every human being on this earth. Everyman tends to define a happy life in a _____ individualistic fashion. _____have attempted to define a happy life in various terms. Hedonists have a _____ notion that happiness lies in the _____ of physical appetites.

The quest for a _____ life engrosses every human being

A) simple B) sad
C) happy D) real
 
Answer & Explanation Answer: C) happy

Explanation:
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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.

Articulate

A) Distinct B) Unclear
C) Disconnect D) Secret
 
Answer & Explanation Answer: A) Distinct

Explanation:
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Q:

The Hornbili festival is celebrated in

A) Arunachal Pradesh B) Nagaland
C) Odisha D) West Bengal
 
Answer & Explanation Answer: B) Nagaland

Explanation:
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Q:

Haematite is an ore/mineral of

A) Zinc B) Iron
C) Lead D) Manganese
 
Answer & Explanation Answer: B) Iron

Explanation:
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Filed Under: Chemistry
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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.


_____________ who argue in this way support their case by pointing to the lack of a general consensus of opinion which obtains in many parts of the field which the philosopher regards as his own; and also by ____________ out that, even within this field, there is a growing tendency ___________ the part of certain sciences to separate themselves from philosophy and _____________ independent. Thus the psychologist and the logician are sometimes very anxious to have it understood that they belong among the scientists and ___________ among the philosophers.


own; and also by ____________ out that, even within this field.

A) point B) pointed
C) pointing D) to point
 
Answer & Explanation Answer: C) pointing

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'.

Every effect we see, hear or speak in our outside (1)/ or physical world has a specific cause that (2)/ have its origin in the inner or mental world. (3)/ No error (4)

 

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

Explanation:
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Q:

In the following question, a sentence / a part of sentence is underlined. Below are given alternatives to the underlined part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option.

 

She was completely nonplussed by the erratic behaviour of her father.

A) completely plussed B) completely no-nonplussed
C) entirely not nonplussed D) No improvement
 
Answer & Explanation Answer: D) No improvement

Explanation:
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