Question
Under which type of plans, an insurance that provides
coverage at a fixed rate of payments for a limited period of time is called?ÂSolution
It is the most basic type of insurance and can be referred to as pure insurance. It covers the insured for a specific period. The insured’s family gets a lump-sum amount in the case of the insured’s death. If, however, the insured survives the term of the policy, no money is paid to the insured or his family.
Which one of the following is not an assumption of Classical Linear Regression Model
COR = 5:1, Savings rate = 12.5%, Population growth rate = 2.5%. Find growth rate of output.
Which theorem intends to show that the change in commodity prices changes the distribution of real incomes between capital and labor?
Consider a standard Ordinary Least Squares (OLS) regression model: Yi=β0+β1X1i+ϵi. If the errors (ϵi) are serially correlated (autocorrelation) but ...
Mahalanobis model is –
Within a country, the domestic price of a product will equal the world price if
Which of the following are characteristic of the ‘Accelerator Theory’ of investment?
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
 If investment is not responding to change in interest rate, then which of the following is true?
Under nominal wage rigidity, the short run aggregate supply schedule will be
