Rs.15400 was divided among A, B and C in the ratio 3:4:4. B kept Rs.1000 for himself, gave Rs.600 to his mother and divided the remaining money among his two sisters in the ratio 11:9. Then one of his sisters received:
B’s share = Rs. 15400 × (4/11) = Rs. 5600 Money distributed between the two sisters, => Rs. [5600 – (1000 + 600)] = Rs. 4000 First sister’s share = Rs. 4000 × (11/20) = Rs. 2200 Second sister’s share = Rs. 4000 × (9/20) = Rs. 1800
Which of the following issues are the reasons behind the inflation in Indian Economy?
If two or more than two goods are used to satisfy the same want, they are called
An inferior good is one for which an increase in income causes a(n)
Commodity service method is another name for which of the following methods?
Which of the following statement is correct with respect to inflation in Indian economy?
Coefficient of elasticity of demand is negative. It means:
Which of the following will have the largest value while calculating national income?
Which statement is correct regarding the situation of Inflation in an Economy?
Price elasticity of demand of a horizontal demand curve is called:
Which one of the following transactions will be considered as a transfer payment?
