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Cash reserves of Schrduled Bank are to be maintained with the Reserve Bank of India. As provided under The Reserve Bank of India Act, 1934 S. 42. Cash reserves of scheduled banks to be kept with the Bank (1) Every bank included in Scheduled II shall maintain with the Bank an average daily balance the amount of which shall not be less than three per cent of the total of the demand and time liabilities in India of such bank as shown in the return referred to in sub-section (2)
Which one of these is an exception to the law of demand?
When price elasticity of demand is unity, the total expenditure:
The above curve is a
Which one of the following is not the function of a managerial economist?
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"...
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Concept of 'Consumer's Surplus' was evolved by
Market demand for any good is a function of the
Demand analysis includes