Question
Where is the "National Management Institute (NIBM)"
located?Solution
• National Institute of Bank Management (NIBM) was established by the Central bank of India (Reserve Bank of India), with the consent of the Government of India in 1969. • It is an autonomous apex institution and located in Pune. • Purpose or aim of the National Institute of Bank Management (NIBM) is to conduct research, education, training, and consultancy in bank management. • It is the "think-tank" of the banking system. • The Governor of the Central bank of the country (Reserve Bank of India), is the Chairman of the Governing Board. • The campus is self-contained, with residential and educational facilities.
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known asÂ
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
