Question
Which of the following statements about Preamble is
correct?Solution
● Option A is correct: The Preamble provides the source of authority of the Constitution as the people of India. ● Option B is incorrect: The Preamble provides liberty of thought, expression, belief, faith and worship. ● Option C is incorrect: The Preamble has been amended only once through 42nd Constitutional Amendment Act, 1976 which added three new words—Socialist, Secular and Integrity—to the Preamble. ● Option D is incorrect: In the Berubari Union case, the Supreme Court held that the Preamble is not a part of the Constitution. It is in the Kesavananda Bharati case that the Supreme Court held that the Preamble is part of the Constitution.
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
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...
Which one of the following is not an assumption of Marshall’s Cardinal Utility Analysis ?
If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
In a market economy
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
  Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
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