Question
Price elasticity of demand of a horizontal demand curve
is called:Solution
A horizontal demand curve depicts perfect elasticity. This means any slightest change in price can result in an infinite change in QD. Thus, the PED is infinity.
The International Solar Alliance (ISA) is an action-oriented, member-driven, collaborative platform for increased deployment of solar energy technologie...
The ‘Mudra Bank’ is a subsidiary of—Â
When the RBI wants to inject liquidity into economy, it may adopt the following :
(1) Buy the government securities from the banks.
(2) En...
Consider the following statements regarding the Priority Sectors Lending:
1. Besides microfinance groups, individual farmers are also eligible to...
Identify the correct Statement about Monetary policy Committee?
I- It is a Statutory Body.
II- It is mandated to meet at least 6 times a y...
Which of the following is a ratio wherein the commercial banks have to hold a certain minimum amount of deposit as reserves with the central bank?
With reference to the BRICS, consider the following statements-Â
I. The BRICS brings together five of the largest developing countries of the wo...
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...
Which of the following can be defined as a solution that allows banks to offer a multitude of customer-centric services on a 24x7 basis?
COP 28 refers to the United Nations Climate Change Conference taking place in ________ from 30 November until 12 December 2023.Â
