According to Section 4 of Negotiable Instrument Act, a promissory note is: • An instrument (not being bank note or currency note) in writing • Containing an unconditional undertaking • Signed by the maker • To pay a certain sum of money only to or to the order of, a certain person, or to the bearer of the instrument. In question, the sum is not certain as it is mentioned “Rs 10000 and all other sums which shall be due to him”. A Bill of Exchange has three parties. An inchoate instrument is an incomplete instrument
The demand function for a good is X = 5000 – 10Px + 15Py + 0.2Y, where in Px is the price of X, Py is the price of another good and Y is the incom...
A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will become
What is the elasticity of demand given by x=100-50p at price = 10?
The theory of purchasing power parity says that .
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
Which of the following is correct regarding Correlation coefficient?
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/€ ...
From the following data, find Personal disposable income.
| The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units. Download the app×
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