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● Statement 1 is correct- The council of ministers exercises the executive authority of the Union Government. But It is the cabinet which steers the ship of the state. Cabinet directs the council of ministers by taking decisions that are binding on all ministers. Hence it can be said that the functions of the Council of ministers are determined by the cabinet. ● Statement 2 is incorrect- The Council of Ministers is collectively responsible to the Lower House of the Parliament .i.e. Lok Sabha ● Statement 3 is correct- The Council of Ministers doesn't meet as a body to transact the government business. It has no collective functions.
Guess an even integer between 1 and 100 that is closest to 1/2 of the mean of the guesses, what will be the equilibrium in that case?
For a monopolist, price is Rs.16 and marginal revenue is Rs.4, the elasticity of demand will be
What is the Cash Reserve Ratio (CRR)?
With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements:
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
What is the effective tariff rate on the commodity, when no imported inputs are used?
In a market economy
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation wit...
Consider sample of 8 observation and regress Y on X and find the standard error of regression
