Question
Under Article 13 of the Constitution of India, the State
is prohibited from making laws that:Solution
Article 13(1) declares that any law that abridges, takes away, or curtails the Fundamental Rights is void to the extent of inconsistency. Article 13(2) extends this to any law made before the Constitution came into force. However, Article 13(3) excludes Constitutional amendments from this restriction, as established in Golak Nath v. State of Punjab (1967) 2 SCR 762 and Kesavananda Bharati v. State of Kerala (1973) 4 SCC 225. [Citation: Article 13, Constitution of India]
The 'Vertical Equity' principle of taxation implies that:
Which of the following conditions is not necessary for ordinary least squares to be the best unbiased linear estimator (BLUE)?Â
In the long run, the steady state rate of growth of a capitalist economyÂ
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When the price of a commodity decreases, and its demand curve forms a rectangular hyperbola, what happens to the total expenditure on that commodity?
 The index of import prices stands at 150 and that of exports is 180. What is the terms of trade
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Which of the following situations will happen if savings exceed investment in any country at any time?
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The substitution effect for a commodity is