Question
Which of the following best describes the law of demand?
Solution
Law of demand · It explains relationship between the quantity demanded of a commodity and its unit price. · As per it, demand varies inversely with price, other thing being equal. rise in the price of a commodity or service is followed by a reduction in the quantity demanded and fall in the price is followed by extension in demand, with other conditions remaining the same.
The Reserve Bank of India imposed a penalty of ₹1 crore on which bank for offering gifts in the form of paying first-year life insurance premiums?
Which of these days is celebrated on 4th June annually?
Who inaugurated the ASEAN-India Pravasi Bharatiya Divas in Singapore?
निम्नलिखित में से कौनसा अंग ग्लाइकोसिन को ग्लूकोज म...
Coastal Local Area Bank has been converted into Small Finance Bank
Which state has implemented a 33% reservation for women within its police force, amending its State Police Subordinate Service Rules?
The Government of India is setting up deregulation commissions for:
Actor Robbie Coltrane passed away at the age of 72, he played a role in which Hollywood movie?
In which year India became a part of the Mineral Security Partnership (MSP), which is led by the USA?
Which of the following statements is correct?
A. In case of Forward Rate Agreement there is an exchange of interest rate
B. FRA is an over...
