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Q:

"Naval, military and air force works" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: A) Union

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Filed Under: Indian Politics
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Q:

What is the third proportional to 10 and 25?

A) 125 B) 150
C) 62.5 D) 225
 
Answer & Explanation Answer: C) 62.5

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Filed Under: Ratios and Proportions
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Q:

Kelvin (K) is the unit of measurement of ________.

A) Density B) Pressure
C) Mass D) Temperature
 
Answer & Explanation Answer: D) Temperature

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Filed Under: Physics
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Q:

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

Veneration

A) Adoration B) Contempt
C) Reverence D) Admiration
 
Answer & Explanation Answer: B) Contempt

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Filed Under: English
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Q:

A shepherd had 17 sheep. All but eight died. How many was he left with?

A) 17 B) 0
C) 8 D) 9
 
Answer & Explanation Answer: C) 8

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Filed Under: Arithmetical Reasoning
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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the buttoncorresponding to it. If the sentence is free from error, click the "No error" option.

He flowed into a rage (A)/ at the very (B)/ sight of that man (C)/ No error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

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Filed Under: English
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Q:

Who wrote the famous line: 'A thing of beauty is a joy forever'

A)  John Keats B) V.S. Naipaul
C) Sir Richard Burton D)  Larry Collins
 
Answer & Explanation Answer: A)  John Keats

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Filed Under: Famous Personalities
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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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