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
Exam Prep: Bank Exams

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Q:

Odsha often faces natural disasters due to ____

A) earthquakes B) rainfall
C) cyclones D) drizzle
 
Answer & Explanation Answer: C) cyclones

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Where is India's first Sandalwood Museum being set up?

A) Mysuru, Karnataka B) Thrissur, Kerala
C) Hubballi, Karnataka D) Dindigul, Tamil Nadu
 
Answer & Explanation Answer: A) Mysuru, Karnataka

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In the following questions, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
An independent, able and upright judiciary is the hallmark of a free _____ country therefore, the process of judicial appointment is of _____ importance. At present on account of the Supreme Court’s last advisory opinion, the _____ of the executive and its interference in the appointment of judges is _____ which in light of previous is most _____.
At present on account of the Supreme Court's last advisory opinion, the _____ of the executive

A) career B) future
C) role D) plight
 
Answer & Explanation Answer: C) role

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Dodecahedron has 20 vertices. How many edges does it have?

A) 30 B) 16
C) 12 D) 24
 
Answer & Explanation Answer: A) 30

Explanation:
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Q:

A piece of paper is folded and punched as shown below in the question figures. From the given answer figures, indicate how it will appear when opened?

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

Explanation:
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Q:

Which colour is formed when Blue and Green are mixed?

A) Cyan B) Brown
C) Black D) Violet
 
Answer & Explanation Answer: A) Cyan

Explanation:
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Filed Under: General Science
Exam Prep: CAT

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Q:

Which among the following refers the existence of more than one level of Government in the Country?

A) Democracy B) Federalism
C) Monarchy D) Bicameral
 
Answer & Explanation Answer: B) Federalism

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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