Question
Which of the following were the main purpose of the
Cabinet Mission? 1. Preparatory discussions with elected representatives to secure agreement on framing a constitution. 2. Setting up of constituent assembly. 3. Setting up of Viceroy’s Executive council with support of the main Indian parties. Select the correct answer from the codes given below.Solution
· The Cabinet Mission came to India in March 1946. The main purposes of the Cabinet Mission were: Device a machinery to draw up the constitution of Independent India. Make arrangements for an interim Government. The mission was like a declaration of India’s independence. The mission spent around three weeks to discuss with the leaders of various political parties, but could not arrive at any agreed solution. Hence, statements 1, 2 and 3 are all correctly mentioned.
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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