Question
In which year was the Rural Postal Life Insurance (RPLI)
scheme introduced to provide insurance coverage to people residing in rural areas of India?Solution
Rural Postal Life Insurance (RPLI) was introduced on 24 March 1995 to extend insurance coverage to people living in rural areas of India. In 1993, a special committee named Malhotra Committee reported that insurance created a very small percentage of the gross household savings of India.
Suppose that a firm has the cost function for a plant as given below
C(w, r, q) = 0.5q(w+r)
where q is output, w is the cost of labour l a...
An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
A and B constitute a random sample of size 2 from normal population with the mean µ and variance α2, find the efficiency of (A+2B)/3
If a country's Terms of Trade (ToT) improve, what is the immediate and direct effect on that country's welfare?
Suppose that the (inverse) market demand for good A is given by P = 400 - 2Q Where Q is total industry output. There are two firms that produce A. Ea...
 If the R2 value for a regression line is 0.60 for 50 observations. What is the adjusted Rsquare value if the number of independent variabl...
When the value of d=2, in case of Durbin-Watson Test, what should be done with the null hypothesis?
_____________________Effect is an effect that describes the relationship between an increase in productivity, higher exchange rates and an increase in w...
In case of Cob web Model, Perpetual Oscillation is witnessed when
Consider a closed economy wherein
C = 0.8 Yd  , t = 0.25 , I = 900 – 50i , G = 800, L = 0.25 Y – 62.5i , M/P = 500
Where in Yd = Di...
