Question
Consider the following regarding “Pradhan Mantri
Bharatiya Janaushadhi Pariyojana (PMBJP)”; Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) is a campaign launched in November 2014. The Government revamped the ‘Janaushadhi Scheme’ in September 2015 as ‘Pradhan Mantri Janaushadhi Yojana’ (PMJAY). Pharmaceuticals & Medical Devices Bureau of India (PMBI) is the implementing agency of PMBJP. Which of the above statements is/are correct?Solution
Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) is a campaign launched in November, 2008 by the Department of Pharmaceuticals in association with Central Pharma Public Sector Undertakings, to provide quality medicines at affordable prices to the masses through dedicated outlets known as Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJK). They provide generic medicines at much lesser price. The potency of these medicines is the same as that of expensive branded medicines available in the open market. The Janaushadhi scheme requires that at least one Janaushadhi Store be setup in each District of the country.The Government revamped the ‘Janaushadhi Scheme’ in September 2015 as ‘Pradhan Mantri Janaushadhi Yojana’ (PMJAY). To give further impetus to the scheme, it was again renamed as Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).
- Concept of 'Consumer's Surplus' was evolved by 
- Market with one buyer and one seller is called 
- Under perfect competition, the long-run equilibrium of the firm is established at 
- The reasons for L-shaped long run average cost curve is/are - Pricing decision includes 
- Market demand for any good is a function of the 
- The goods whose demand is not tied with the demand for some other goods are said to have 
- Which one of the following is not the function of a managerial economist? 
- When AR is constant, MR is 
- When price elasticity of demand is unity, the total expenditure: