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    5. Income elasticity for normal goods is:

    Question

    Income elasticity for normal goods

    is:
    A Zero Correct Answer Incorrect Answer
    B Positive Correct Answer Incorrect Answer
    C Negative Correct Answer Incorrect Answer
    D Infinite Correct Answer Incorrect Answer

    Solution

    Income elasticity for normal goods is positive

    Practice Next
      More Agriculture Section Tests Questions
    • The return forgone for the undertaking an investment is known as?

    • If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.

    • The amount of purchase if 

      Cost of Goods Sold = ₹80,700

      Opening Inventory = ₹5,800

      Closing Inventory = ₹6,000

    • Calculate cost of goods sold from the following figures:

      Opening stock = Rs. 3,500

      Purchases = Rs. 21,000

      Closing stock = Rs. 2,500

    • At what level of an organisation does a corporate manager operate?

    •   The work of one clerk is automatically check by another clerk is called _________.

    • When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called

    • Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?

    • Which of the following is time spann into which the total life of a business is divided for the purpose of preparing financial statements? 

    • How much deduction under section 80TTA of Income Tax Act is allowed?

    Relevant for Exams:

    • MSc Agriculture (Various States)
    • CUET PG

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