Question
Which of the following statements are correct about the
“Lorenz Curve”? I. The Lorenz curve is a graphical representation of the distribution of income or wealth in a society. II. it represents one of the best and simplest ways to illustrate the level of economic inequality in society. III. As the Lorenz curve moves towards the baseline, the underlying data suggests that the unequal distribution keeps increasing.Solution
The Lorenz curve is a graphical representation of the distribution of income or wealth in a society. it represents one of the best and simplest ways to illustrate the level of economic inequality in society. As the Lorenz curve moves away from the baseline, the underlying data suggests that the unequal distribution keeps increasing.
Which railway station became the country's first all-women railway station under non- suburban category?
The Indian Railways carried 1108.79 million tonnes of freight in:
Shatabdi Express train was started in ________.
Delhi Metro Rail Corporation first operated metro rail in December 2002 between which two stations:
Where is the Rail Wheel Plant located?
In the Eastern Corridor, an electrified double-line segment of 126 km runs between
In which colour are the railway lines and telephone lines shown in the topographic map?
Who is the sole customer of DFCCIL?
First Train started in India?
Which of the following is an example of public goods?