Question
Income elasticity of an inferior good is
alwaysSolution
An inferior good is one whose demand drops when people's incomes rise. So, income elasticity of an inferior good is always negative.
What was the major economic challenge addressed in the Third Five-Year Plan (1961- 1966)?
To mark the 75 years of Indo-Lanka Diplomatic Relations, External Affairs Minister Jaishankar inaugurated the 'Geoffrey Bawa: It is Essential To be Ther...
What type of cyberattack involves stealing personal information by connecting a malicious USB device into your phone or laptop while charging?
An attempt to obtain sensitive information such as username, password and credit card details, etc. for malicious reasons is termed as:
The "Chicken’s Neck" or "Siliguri Corridor" in India refers to a narrow stretch of land that connects which two regions?
The Reserve Bank of India ( RBI ) regulates the functioning and operations of Non - Banking Financial Companies ( NBFCs ) in India . To ensure financia...
Which of the following is the base year for the compilation of  RBI Financial Inclusion Index 2022?
Which bank has submitted an application to the Monetary Authority of Singapore for a banking license?
In Golgi apparatus, the maturing face is:
Under the provisions of the Mines Act, 1952, the Special Officer can enter a mine for the purpose of surveying, levelling and measuring, after giving pr...
