Question
What type of contract is created when the performance
of an existing contract depends on the occurrence or non-occurrence of a collateral and uncertain future event?Solution
Explanation: Section 31- 36: Contract to do or not to do something if some event, collateral to such contract does or does not happen. These are conditional contract as they are dependent on an uncertain future event which must be collateral to the contract.
Which of the following represents the correct chronological order of the development of international trade theories?
As per the new Monetary Aggregates based on the recommendation of the Dr. Y.V. Reddy Committee, the domestic sectors are divided into which of the fol...
A budget that has both capital receipts and capital expenditure is called:
 The maximum rate of income tax which...
Suppose the regression specification y(hat) = a + βx + l  z + ε was estimated as y = 5 + 6x + 7z. We have a new observation for which x = 5 and z = ...
 The index of import prices stands at 150 and that of exports is 180. What is the terms of trade
Which of the following is correct?
Walraw’s Law states the following:
According to the kinked demand curve model, if a firm raises its price, competitors are likely to:
Consider a fractional reserve banking system with a legally required reserve-deposit ratio of m. Suppose that an individual deposits ID dollars in one b...
