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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Filed Under: Indian Economy
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Q:

Which State hosted the 12th National Ice-Skating Championship in India?

A) Sikkim B) Himachal Pradesh
C) Uttarakhand D) Jammu and Kashmir
 
Answer & Explanation Answer: D) Jammu and Kashmir

Explanation:
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Q:

The founder of Bachpan Bachao Andolan (Save Child Movement ) is

A) Malala Yousafzai B) Sane Guruji
C) Salman Khan D) Kailash Satyarthi
 
Answer & Explanation Answer: D) Kailash Satyarthi

Explanation:
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Filed Under: Indian Politics
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Q:

With which neighbouring country of India, Kaladan multi-model transport project has been undertaken?

A) China B) Nepal
C) Bhutan D) Myanmar
 
Answer & Explanation Answer: D) Myanmar

Explanation:
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Filed Under: General Awareness
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Q:

Which of the following was India's first interplanetary mission?

A) Chandrayaan Mission B) Mangalyaan Mission
C) Aryabhatta Mission D) Philae Mission
 
Answer & Explanation Answer: B) Mangalyaan Mission

Explanation:
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Filed Under: General Science
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Q:

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

Perseverance

A) Endurance B) Cowardice
C) Lethargy D) Indolence
 
Answer & Explanation Answer: A) Endurance

Explanation:
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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.

 

_____________ nearly eight decades, the women's movement __________ and debated the desirability and feasibility of a Uniform Civil Code, and has ended up ___________ a simple question — what is the value of uniformity? Is it for the "integrity of the nation" that uniformity in laws is required, as some judicial pronouncements ___________? If so, who exactly is the beneficiary? Which sections of people benefit from "integrity of the nation", that abstract entity which is not exactly _______ the top of your mind as your husband throws you out on the street?

 

and has ended up ___________ a simple question — what is the value of uniformity?

A) holding B) positioning
C) posturing D) posing
 
Answer & Explanation Answer: D) posing

Explanation:
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Q:

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

 

The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


to ________ ; but one thing is

 

A) examine B) define
C) experience D) discuss
 
Answer & Explanation Answer: B) define

Explanation:
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