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:

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: Until few years ago, people in India and several other underdeveloped and developing countries used to think that girls should stay at home, cook food and look after the kids and elderly.
Q: Girls are undoubtedly an indispensable part of our society.
R: But now the mindset has been changed; girls in India are bringing accolades to their parents and they are doing well in every field such as academics, sports, politics, etc.
S: No society or culture can progress without the presence of girls.

A) RQPS B) QRPS
C) QSPR D) QPSR
 
Answer & Explanation Answer: C) QSPR

Explanation:
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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

The Marathas surrendered their fort to the Mughals after the war.

A) After the war the Marathas had to surrender their fort to the Mughals. B) The Mughals after the war took the fort surrendered by the Marathas.
C) Their fort was surrendered by the Marathas to the Mughals after the war. D) The Marathas after the war surrendered their fort to the Mughals.
 
Answer & Explanation Answer: C) Their fort was surrendered by the Marathas to the Mughals after the war.

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'.

The first demonstration of the live (1)/ transmission of images were given by Georges Rignoux (2)/ and A. Fournier in Paris in 1909. (3)/ No error (4)

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

Explanation:
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Q:

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

 

But the war did not cease; though friend and foe alike were almost drowned in blood. It seemed as powerful as eternity, and in time Tony Vassall too went to battle and was killed. The country gave Patience a widow's pension, as well a touching inducement to marry again; she died of grief. Many people died in those days, it was not strange at all. Nathan and his wife got so rich that after the war they died of overeating, and their daughter Olive came into a vast fortune and a Trustee.

 

From this passage we learn that Tony Vassal was

 

A) Patience's husband B) a soldier's son
C) Nathan's relative D) very successful
 
Answer & Explanation Answer: A) Patience's husband

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

Preeti said to her friend, "I am like my mother."

 

A) Preeti told her friend that she was like her mother. B) Preeti told her friend that I was like her mother.
C) Preeti tells her friend that she is like her mother. D) Preeti tells her friend that that she was like her mother.
 
Answer & Explanation Answer: A) Preeti told her friend that she was like her mother.

Explanation:
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Q:

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

 

No dice

 

A) A great gamble B) Used to refuse a request or indicate that there is no chance of success
C) Be confident of the outcome D) Make false assurances
 
Answer & Explanation Answer: B) Used to refuse a request or indicate that there is no chance of success

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.

 

A brain and nervous system that are poorly developed or insufficiently nourished means low grade of ______________ in our mental processes, just as a poorly constructed or wrongly adjusted motor means loss of power in applying the electric current to its work. We will, __________, look upon the mind and the brain as counterparts of ___________ other, each performing activities which correspond to activities in the other, ________ inextricably bound together at least so far as this life is concerned, and each getting its _______________ by its union with the other. This view will lend interest to a brief study of the brain and nervous system.

 

nourished means low grade of ______________ in our mental processes

 

A) efficiently B) efficiencies
C) efficiency D) efficient
 
Answer & Explanation Answer: C) efficiency

Explanation:
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