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Q:

In computer terminology, what is the full form of FTP?

A) Final Transfer Position B) File Transfer Position
C) File Transfer Packet D) File Transfer Protocol
 
Answer & Explanation Answer: D) File Transfer Protocol

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Filed Under: Computer
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Q:

Which pillar of Indian Constitution is its final interpreter?

A) The Executive B) The Legislative
C) The Judiciary D) No option is correct
 
Answer & Explanation Answer: C) The Judiciary

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Filed Under: Indian Politics
Exam Prep: Bank Exams , CAT

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Q:

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

A) Iron B) Chromium
C) Zinc D) Manganese
 
Answer & Explanation Answer: C) Zinc

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Filed Under: Chemistry
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Q:

In the following question, 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.
Corruption is a standing hindrance _____ the nation's development.

A) of B) over
C) to D) upon
 
Answer & Explanation Answer: C) to

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Filed Under: English
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Q:

Winds blowing constantly in one direction in rocky deserts form

A) Chimneys B) Mushrooms rocks
C) Yardangs D) Demoiselles
 
Answer & Explanation Answer: C) Yardangs

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Filed Under: Indian Geography
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Q:

Which of the following is not a primary function of a bank?

A) Facilitating import of goods B) Remittance facility
C) Safe custody of articles D) Foreign Exchange
 
Answer & Explanation Answer: A) Facilitating import of goods

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Filed Under: Indian Economy
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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

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Filed Under: Indian Economy
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