Question
From which country did India adopt the concept of
economic planning?Solution
India's structured economic planning model was inspired by the Soviet Union (Russia). This approach was adopted during the inception of India's first five-year plan in 1951, marking the beginning of a series of systematic efforts to foster national economic development.
Mahalanobis model is –
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 10...
If quantities of all commodities change in the same proportion then
Let X and Y represent prices in Rs of a commodity in Kolkata and Mumbai respectively. It is given X(bar) = 65, Y(bar) = 67, standard deviation...
The price elasticity of demand for good X is known to be twice that of good Y. Price of X falls by 5% while that of good Y rises by 5%. What is the perc...
In a time-series forecasting problem, if the seasonal indices for quarters 1, 2, and 3 are 0.80, 0.90, and 0.95 respectively. What can you say...
What is the probability of getting atleast one head if three unbiased coins are tossed?
Which of the following institutions is primarily concerned with promoting stability in the international monetary system through surveillance and lending?
Refer to the below table and calculate the NNPmp
Which of the following could be a remedy for Multicollinearity Problem?
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