Question
Consumer Protection Act, 2019 has replaced which of the
following?Solution
The Consumer Protection Act, 2019 has replaced Consumer Protection Act, 1986. The Indian government has implemented different acts from time to time to protect the consumers against different forms of mistreatment.
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
Which of the following is not an assumption of Keynesian Simple model?
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
Law of diminishing returns only applies to cases where
Which of the following is a synonym of "Undistributed Profits"?
In a portfolio investment?
Calculate personal income:
...
Which of the follow statements about price discrimination is not true?
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