Question
Under Section 140 of the Motor Vehicles Act, the
liability to pay compensation for death or permanent disablement is based on which principle?Solution
Section 140 of the Motor Vehicles Act establishes the principle of no-fault liability, meaning that the claimant does not need to prove negligence, wrongful act, or default on the part of the owner(s) of the vehicle(s) involved in the accident.
Which of the following is not true with regard to credit rating agency?
The mean and median of 100 observations are 50 and 52 respectively, the value of the largest item is 100. Later it was found out that the value 110 was ...
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation with...
Weighted least square is the Remedial measure for which of the following?
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
Identify the order of chronological development of the theory of demand.
a. Marshall’s theory of demand
Which of the following demand functions has unitary elasticity everywhere?
Type II error occurs when
If money is neutral,
Suppose X has income of Rs.500. He wants to maximise his expected benefit Z1/2 where Z is his money earned. He has two options, 1. Do not inv...
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