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:

Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand

A) (a) Monopolistic competition, (b) Pure competition	B) (a) Pure Monopoly, (b) Monopolistic competition
C) (a) Pure competition, (b) Monopolistic competition	D) (a) Oligopoly, (b) Pure competition

Answer & Explanation Answer: B) (a) Pure Monopoly, (b) Monopolistic competition

Explanation:

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Q:

Atomic number of which of the following elements is greater than that of Aluminium?

A) Phosphorus	B) Neon
C) Magnesium	D) Sodium

Answer & Explanation Answer: A) Phosphorus

Explanation:

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Filed Under: Chemistry
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Q:

In the reaction H2O2 + Cl2 -----> 2HCl + O2, H2O2 acts as

A) an acid	B) an oxidising agent
C) a reducing agent	D) a base

Answer & Explanation Answer: C) a reducing agent

Explanation:

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Filed Under: Chemistry
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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

Be down with

A) Suffering from	B) In grief with
C) In pain with	D) Aching with

Answer & Explanation Answer: A) Suffering from

Explanation:

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Filed Under: English
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Q:

In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.

Draconian law

A) Written law	B) Extremely severe law
C) Oral law	D) Lenient law

Answer & Explanation Answer: B) Extremely severe law

Explanation:

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Q:

The plateau that has both West and East flowing drainage system is

A) Malwa	B) Chota Nagpur
C) Ranchi	D) Hazaribagh

Answer & Explanation Answer: A) Malwa

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Which State government has launched the Smart Village Programme, to improve public facilities in village?

A) Maharashtra	B) Rajasthan
C) Odisha	D) Gujarat

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