Question
Which article of the Indian Constitution deals with the
annual financial statement?Solution
Article 202 of the Indian Constitution mandates that the Governor of each state present an annual financial statement—commonly known as the budget—to the state legislature, detailing the expected government receipts and expenditures for the upcoming financial year.
If you have found the percentage of the value of sales accounted for by the four largest firms in an industry, you have found the
When an individual’s consumption decreases the wellbeing of others, but the individual does not compensate those others. It is the case of__________.
Which among the following are the recommendations of the Urjit Patel Committee report on monetary policy?
I. Curtailment of the fiscal deficit.
Income elasticity of an inferior good is always
For fixed proportion production function, the elasticity of substitution is
In the Lewis model, what will cause an expansion in modern sector employment?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
A monopoly firm has the following demand and cost function
Q = 50-P
Total Cost = 20 + 2Q + 3Q2
Government imposes an exc...
A sample poll of 100 voters reveals the following information about candidates A, B and C who are nominated for 3 different offices:
- ...
Laffer curve predicts what happens as tax rate rises?
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