Bank Clerk Questions

A duty or task that needs to be fulfilled is a responsibility that needs to happen.

For example : a doctor has his own task or responsibility, a police, a lawyer, etc... all have their own responsibilities.  

The average propensity to consume (APC) is the ratio of consumption expenditures (C) to disposable income (DI), or APC = C / DI. 

Hence, APC = consumption/income.

From I and II,
Length = 3x = 48 m
∴ x = 16
Breath = 2x = 32 m
Hence, Area of floor = 48 × 32
Cost of flooring = 48 × 32 × 850 = ₹ 1305600
From I and III, 2(l +b) = 160
2(3x + 2x) = 160
10x = 160
∴ x = 16
∴ Length = 3 × 16 = 48 m
Breadth = 2x = 32m
Cost of flooring = (48 × 32) × 850 = ₹ 1305600
Similarly, from II and III, we can find
l = 48 m
b = 32 m
and Total cost of flooring = ₹ 1305600

Cost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered. 

A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.

The Flynn Effect refers to the observed rise in IQ scores over time, resulting in norms obsolescence.