General Knowledge Questions

In  2016,  India  and  Mozambique entered   a   new   deal   by   signing three Memoranda of Understanding (MoU)   in   fields   related   to   drug trafficking,pulse    trading    and sports.  These  MoUs  will  mutually benefit the current issues faced by both countries. Mozambique will be focusing  on  the  production  of tur dal(Pigeon  Peas)  to  facilitate  the long-term trade goals with India

Provincial  elections  in  British  India (1937)  under  the  Government  of India Act 1935 were held in eleven provinces, including Madras, Bihar, Orissa.  Indian  National  Congress won   in   eight   of   the   provinces except  three  i.e.  Bengal,  Punjab, and  Sindh  and  won  an  absolute majority   in   five   out   of   eleven provinces.   The   All-India   Muslim League  won  106  seats  about  80% of total Muslim seats. Untouchables were allowed to  vote.  Around 30.1 million    people,    including    4.25 million  women,  had  the  right  to vote  which  was  12%of  the  total population

The life-cycle theory of consumption, popularly known as life-cycle hypothesis,' was developed by Ando and Modigliani" in the early 1960s.

The life-cycle hypothesis postulates that individual consumption in any time period depends on

(i) resources available to the individual,

(ii) the rate of return on his capital, and

(iii) the age of the individual.

The resources available to an individual consist of his existing net wealth and the present value of all his current and future labour incomes. According to the life-cycle hypothesis, a rational consumer plans consumption on the basis of all his resources and allocates his income to consumption over time so that he maximizes his total utility over his life time.

Because in 1929, the Indian National Congress had passed aresolution under the Presidentship of Pandit Jawaharlal Nehru in its Lahore session to observe January 26 every yearas Purna Swarajya or Independence Day