Questions

Q:

Which of the following countries border touches with China?

A) Uzbekistan B) Thailand
C) Vietnam D) South Korea
 
Answer & Explanation Answer: B) Thailand

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Q:

A, B and C invest to start a restaurant. The total investment was Rs 3 lakhs. B invested Rs 50,000 more than A and C invested Rs 25,000 less than B. If the profit at the end of the year was Rs 14,400 then what is C's share of the profit (in Rs)?

A) 3600 B) 4800
C) 6000 D)  7200
 
Answer & Explanation Answer: B) 4800

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Q:

The famous work 'Anandmath' was written by

A) Sri Aurobindo B) Sri Bankim Chandra Chatterjee
C) Sri Rabindra Nath Tagore D) Sri Aarti Chaudhary
 
Answer & Explanation Answer: B) Sri Bankim Chandra Chatterjee

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Filed Under: Books and Authors
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Q:

Out of the four alternatives, choose the one which can be substituted for the given words/sentences and click the button corresponding to it.

Chief of a group of workmen.

A) Chieftain B) Engineer
C) Foreman D) Middleman
 
Answer & Explanation Answer: C) Foreman

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Filed Under: English
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Q:

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

A) Amalgamate B) Dissolve
C) Flex D) Liquefy
 
Answer & Explanation Answer: A) Amalgamate

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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.

Guzzle

A) Carouse B) Starve
C) Imbibe D) Quaff
 
Answer & Explanation Answer: B) Starve

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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.

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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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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