Question
Which of the following reasons prompted India to
liberalize its economy? I- high combined deficit of the central and state governments II- elevated inflationary pressures III- large and unsustainable current account deficit (CAD) IV- External aggression from neighbouring countriesSolution
The macroeconomic imbalances of the late 1980s and early 1990s pushed the government towards introducing the structural reforms of 1991. The high combined deficit of the central and state governments, elevated inflationary pressures, and large and unsustainable current account deficit (CAD) led to a balance of payments crisis in the Indian economy. In response to the situation, trade and investments were liberalised in 1991.
The velocity of money is
Consider the following demand curve Q=100-P in a Duopoly where in A firm is the leader and the B firm is the follower. The Marginal cost given as 20. W...
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If elasticity is ‘e’, and price of the product is B, MR=?
In a model with two goods, x & y, with x plotted on the horizontal axis, the price consumption curve generated by changing the price of x is parallel to...
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
What is the standard error of regression y on x when the standard deviation of y is 2 and the coefficient of determination is 0.36
What is the Balance of current account in the above table?
PM SVANidhi Scheme is one of the major safety net programmes launched during the Pandemic. What is the main objective of the Scheme?
