Question
Monthly income of A is Rs. 9000 and he saves 30% of his
monthly income. If monthly expenditure of A is decreased by 35% while his monthly savings is increased by 35% then find the increase or decrease in his monthly income.Solution
Monthly savings and expenditure of A initially is Rs. 2700 and Rs. 6300, respectively. Monthly expenditure of A now = 0.65 × 6300 = Rs. 4095 Monthly savings of A now = 1.35 × 2700 = Rs. 3645 Monthly income of A now = 4095 + 3645= Rs. 7740 Desired percentage decrease = [(9000 – 7740)/9000] × 100 = 14%
Which of the following is correct regarding the Durbin-Watson Test?
...Match the development theories with their respective proponents.
Column A: Theories
1. Theory of Unbalanced Growth
2. Theory of C...
Suppose demand and cost function of a monopolist are Q = 5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax ...
Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, th...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at ran...
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...
Locus point of Isoquants wherein the marginal productivity of one of the factors is 0 is called
What is the probability of getting atleast one head if three unbiased coins are tossed?
Relevant for Exams:
