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

0 1004

Q:

Choose the correctly spelt word:-

A) Condiut	B) Conduit
C) Connduit	D) Condeut

Answer & Explanation Answer: B) Conduit

Explanation:

Conduit is correctly spelt which means a channel for conveying water or other fluid.

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Filed Under: English
Exam Prep: Bank Exams

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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

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

Methane an air pollutant is produced ______.

A) by action of ultraviolet light on nitrogenous compounds.	B) as a by-product of manufacturing ammoniacal fertilizers
C) by burning of coal in insufficient air	D) by digestion of food by animals

Answer & Explanation Answer: D) by digestion of food by animals

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

1 1004

Q:

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

The state or quality of being holy, sacred, or saintly

A) Base	B) Sanctity
C) Vile	D) Heinous

Answer & Explanation Answer: B) Sanctity

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , CAT , GRE , TOEFL

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Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence in Passive/Active Voice.

He gathers the apples.

A) The apples gather by him.	B) The apples are gathered by him.
C) The apples were gathered by him.	D) The apples got gathered by him.

Answer & Explanation Answer: B) The apples are gathered by him.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Akbar was __________ years old when he became emperor.

A) 16	B) 19
C) 13	D) 10

Answer & Explanation Answer: C) 13

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

During the Independence Movement, Subhash Chandra Bose revamped the Indian National __________.

A) Navy	B) Army
C) Defence	D) Air Force

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