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Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business NBFC cannot accept demand deposits; NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Backward bending labor supply curve is because of
In a situation when MRS>Px/Py, the consumer would react by:
Which of all the following is not an assumption of Marshall Consumer Theory of Demand?
To gauge the sacrifice made by a taxpayer, we should use the _____ tax rate.
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
The concept of vicious circle of poverty is associated with
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
Concepts of displacement and concentration effect in public expenditure are attributed to
A.C. Pigou an...
According to Economic survey 2023-24, what is the real GDP growth rate of India in FY24?
