Question
Which of the following is the best example of a 'Public
Good' as defined in Public Economics?Solution
A pure public good has two key characteristics: 1. Non-rivalry: One person's consumption does not reduce the amount available for others. 2. Non-excludability: It is impossible or prohibitively costly to prevent someone from enjoying the good. National defense is the classic example: protecting the country for one citizen does not diminish protection for others (non-rival), and you cannot exclude any citizen within the borders from its benefits (non-excludable). A toll highway is excludable (via tolls). A private college is both rival and excludable. A park with a fee is excludable.
Which Indian company surpassed Amazon Pay to become the fifth-largest UPI player by processing 120.41 million transactions in September 2024?
Which of the following rivers has the largest river basin in India?
Who was the first Comptroller and Auditor General of India?
The headquarters of the International Labour Organization (ILO) is located at:
Consider the following statements about Zero Hour in the Indian Parliament:
Statement (I): Zero Hour is an Indian parliamentary innovation.
<...Which state is the origin of the Rouf dance, performed predominantly by women?
Which of the following statements is correct
A. Depository is an agent of Depository Participant (DP)
B. Depository Participants (DPs...
Match the following mountain ranges in India with their respective locations in the southern direction:
1. Nanda Devi
2. K2
3. Anamudi
4. Dodabetta
Which is the largest artificial lake in India?
Who has been appointed as the MD and CEO of National Stock Exchange (NSE)?
