Questions

'Cautious' can be used to make the sentence meaningful which means alert or be careful. The context of the statement is that of the monsoon season being a bit troublesome due to slippery roads which need to be navigated with care. 'Prepared' and 'smart' may appear to be true but we need to choose the most suitable response which in this case is 'cautious'. Hence, 'cautious' is the correct answer.

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.

The principles of joint operations are formed around the traditional principles of war.

Three additional principles :―

Restraint,

Perseverance, and

Legitimacy

are relevant to how the Armed Forces of the United States use combat power across the range of military operations.