Question
The sum of the monthly incomes of βAβ, βBβ and
βCβ is Rs. 70000 which is 4 times the monthly income of βCβ. If βAβ spends 40% of his income while βBβ spends 80% of his income and the sum of their savings is Rs. 17000, then find the savings of βAβ.Solution
Monthly income of βCβ = 70000/4 = Rs. 17500 Let the monthly income of βAβ be Rs. x Therefore, monthly income of βBβ = Rs. (52500 β x) According to the question, 0.60x + 0.20(52500 β x) = 17000 Or, 0.4x = 6500 x = 16250 Or, savings of βAβ = 0.6x = Rs. 9750
Consumer sovereignty implies that consumers:Β
SEZ is an abbreviation for which term, denoting areas that drive economic growth?Β
Which is not correct about New Development Bank (NDB)?
The production function of a firm is a relationship between which two factors?Β
Geological Survey of India (GSI) has approved the setting up of a geopark in ____________, the country’s first.
As per the Income Tax Act of 1961, Section 115JB, the Minimum Alternate Tax (MAT) is calculated at what percentage of the book profit?Β
Who is considered the father of modern economics.
Which of the following is NOT a feature of the manufacturing sector in India?Β
An increase in demand for a good will cause the equilibrium price to ______ and the equilibrium quantity to ______.Β
Which goods are described by the law of diminishing marginal utility?Β