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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

Obtain something by force, threats, or other unfair means.

A) To regret B) To extort
C) To resent D) To encompass
 
Answer & Explanation Answer: B) To extort

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Filed Under: English
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Q:

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

Rebuke

A) Admonition B) Censure
C) Scold D) Flattery
 
Answer & Explanation Answer: D) Flattery

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Q:

Barometer was invented by

A) Evangelista Torricelli B) Charles Xavier Thomas
C) Edward Teller D) Gustav Tauschek
 
Answer & Explanation Answer: A) Evangelista Torricelli

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Filed Under: Inventions
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Q:

Select the word with the correct spelling.

A) anteques B) carotane
C) scewl D) apoplexy
 
Answer & Explanation Answer: D) apoplexy

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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

 

to have a strong emotional effect on.

A) to smother B) to yield
C) to overwhelm D) to forfeit
 
Answer & Explanation Answer: C) to overwhelm

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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.

 

Spin your wheels

 

A) Set an activity in motion B) Waste your time or efforts
C) A firmly held belief D) With great affection or enthusiasm
 
Answer & Explanation Answer: B) Waste your time or efforts

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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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