General Knowledge 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.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1192
Q:

The Inter State Council was set up in 1990 on the recommendation of

A) Punchhi Commission B) Sarkaria Commission
C) Rajamannar Commission D) Mungerilal Commission
 
Answer & Explanation Answer: B) Sarkaria Commission

Explanation:

The Inter-State Council was set up in 1990 following the recommendations of the Sarkaria Commission.The constitutional roots of the council are to be found in Article 263, which recommends that the President of India set up such a council to deal with federal issues.

Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

0 1192
Q:

Which of the following is not a method of estimating national income?

A) Expenditure method B) Output method
C) D) Matrix method
 
Answer & Explanation Answer: C)

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1192
Q:

The Ghatampur thermal power plant recently approved by Cabinet is to be setup in

A) Rajasthan B) Uttar Pradesh
C) Karnataka D) Madhya Pradesh
 
Answer & Explanation Answer: B) Uttar Pradesh

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Famous Places

1 1192
Q:

In December 2017, Indian Railways announced to equip all trains with Bio-Toilets by ______

A) December 2018 B) March 2019
C) December 2019 D) March 2018
 
Answer & Explanation Answer: A) December 2018

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Important Days and Years
Exam Prep: Bank Exams , GATE
Job Role: Bank Clerk , Bank PO

0 1192
Q:

The hills, namely Black, Blue and Green Hill, are located in which country?

A) Australia B) Germany
C) USA D) Russia
 
Answer & Explanation Answer: C) USA

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: World Geography
Exam Prep: Bank Exams

2 1191
Q:

The highest number of tube wells is found in which one of the following countries?

A) India B) Saudi Arabia
C) America D) China
 
Answer & Explanation Answer: A) India

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1191
Q:

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

 

Obsession for wine

 

A) Ethnomania B) Oenomania
C) Egomania D) Idolomania
 
Answer & Explanation Answer: B) Oenomania

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1191