Question
Consumer surplus is highest in the case of
________.Solution
Consumer surplus, the difference between what consumers are willing to pay and what they actually pay, is highest for necessities, as these goods have a high perceived value.
What is the primary objective of the partnership between the Bureau of Indian Standards (BIS) and Govind Ballabh Pant University of Agriculture and Tech...
Which institution forecasted in its Monthly Economic Review for July 2024 that India’s GDP growth would range between 7% and 7.5% for the fiscal year ...
With reference to the Henley Passport Index 2025, consider the following statements:
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According to the Ministry of Statistics and Programme Implementation, India's Index of Industrial Production (IIP) grew by 4.2% in June 2024. Which sect...
Who signed the MoU on behalf of Nepal Academy with Banaras Hindu University (BHU) for research and exchange in Nepali language and culture?
Who took over the rotating presidency of the Council of the European Union for six months?
Which country was NOT a major source of FDI to India in Q1 of FY 2024-25?
What is the new transaction limit for tax payments via UPI set by the RBI?
With reference to Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai, consider the following statements:
1.CSMIA was ranked 9th gl...
Which organization is in talks with the Ministry of Electronics and Information Technology (MeitY) to develop an 'AI Audit Tool'?
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