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To ensure that the operation of the economic system does not result in the concentration of economic power in hands of few rich, the Monopolies and Restrictive Trade Practices Act (MRTP Act) came into force from June 1, 1970. This act is not in force in India currently as it was repealed and was replaced by Competition Act 2002 with effect from September 1, 2009. Competition Commission of India (CCI) is a statutory body of the GOI and is responsible for enforcing The Competition Act, 2002. The act is to prevent activities that have an appreciable adverse effect on competition in India. CCI was established on 14 October 2003. It became fully functional in May 2009.
The __________________test in econometrics begins by assuming that a defining point exists and can be used to differentiate the variance of the error term.
GDPf = Gross Domestic Product at Factor Cost; GDPm = Gross Domestic Product at Market Price; NNPf = Net National Product at Factor Cost; C = Consumption...
Consider a closed economy wherein
C = 0.8 Yd , t = 0.25 , I = 900 – 50i , G = 800, L = 0.25 Y – 62.5i , M/P = 500
Where in Yd = Di...
Suppose your data produces the regression result y = 10 +3x. Scale y by multiplying observations by 0.9 and do not scale x. The new intercept and slope ...
When the value of d=2, in case of Durbin-Watson Test, what should be done with the null hypothesis?
An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
Which of the statement is TRUE considering the Central problems of an economy?
Let X1, X2 and X3 are three (Pairwise) uncorrelated random variables. The mean & variance of each variable is 0 and 3, respectively. Find the correl...
Which of the following is NOT a correct statement in the context of National income?
Which of the following pairs of goods is/are likely to have a positive cross price elasticity of demand?
(1) Cars and Petrol
(2) Tea ...