Question
Which of the following is an assumption of Ordinary
Utility Theory?Solution
A key assumption of Ordinary Utility Theory is the rational behaviour of the consumer. This implies that consumers make choices to maximize their utility, given their preferences and budget constraints, and their preferences are complete and transitive.
What is the revised maximum deposit limit for the Senior Citizens Savings Scheme (SCSS) in India, following the recent increase by the government?
 On 29th November South Korea’s Mina Sue Choi was crowned as the ________ in the event held in the Philippines.
India and which of the following South Asian country launch the Real-time Payment Systems Linkage on 21st February 2023?
Consider the following statements in regards to ISRO:
I) India to set up an Indian space station by 2035
II) India to send the first India...
What is the main focus of the MoU between FIU-IND and IRDAI?
______ has launched an online Radio, a platform to provide bite-sized content that offers both entertainment and livelihood enhancement tools. Â
Which two great footballers, who were members of the gold medal winning team of 1962 Asian Games, passed away in 2020?
Consider the following statements:
I. State Food Safety Index was started from 2018-19.
II. Among smaller states Sikkim was the top perf...
What name has ISRO given to the rover sent with Chandrayaan-3 mission?
Recently which district of Madhya Pradesh has become a fully functionally literate district?
