CAT Questions

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Cottage industry is a manufacturing activity of people operated at home. The handcrafts which were sold in the society are examples of cottage industy products. It is a small scale industry in which the labor force is mostly family members or individuals.

A negative supply shock in the sho rt run causes the aggregate supply curve to shift to the left.

The first Asian games was held in New Delhi. The Asian Games, were regulated by the Asian Games Federation (AGF) from the first Games in New Delhi, India, until the 1978 Games.

Micronutrients are ne tothe nutrients which our body requires for functioning and to maintain immune to micro organisms. They include 

1) Vitamins 

2) Minerals

• Vitamins: A,B1,B2,B3,B5,B6,B8,B9,B12,C,D,E,K.

• Major minerals: calcium, magnesium, chlorine, phosphorus, potassium and sodium.

• Oligo-elements (trace minerals): iron, copper, zinc, iodine, manganese, chromium, cobalt, selenium.

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

A decline in disposable income means a movement down along an economy's consumption schedule.

Lord William Bentinck was the Governor-General who prohibited practice of 'Sati' in the year 1829.

The persons whose primary investing objective is to preserve capital while generating a tax-free income stream, then municipal bonds are worth considering.

Municipal bonds (munis) are debt obligations issued by government entities. When you buy a municipal bond, you are loaning money to the issuer in exchange for a set number of interest payments over a predetermined period. At the end of that period, the bond reaches its maturity date, and the full amount of your original investment is returned to you.

Types of Municipal Bonds :

Municipal bonds come in the following two varieties:

1. General obligation bonds (GO)
2. Revenue bonds

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

Revenue bonds, which are issued to fund infrastructure projects, are supported by the income generated by those projects.

Both types of bonds are tax exempt and particularly attractive to risk-averse investors due to the high likelihood that the issuers will repay their debts.