Question
In the question below there are three statements
followed by two conclusions I and II. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions logically follows from the four statements disregarding commonly known facts. Statements: 34% raisins are cashews No cashews are almonds A few almonds are nuts Conclusions: I. No cashew is a nut II. Some raisins are almondsSolution
No cashews are almonds (E) + A few almonds are nuts (I) β Some nuts are not cashews (O*). Hence conclusion I does not follow. 34% raisins are cashews (I) + No cashews are almonds (E) β Some raisins are not almonds (O). Hence conclusion II does not follow.
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)
Which of the following statement is correct with respect to inflation in Indian economy?
In India what is the current base year being used for the calculation of GDP?
Which of the following should be excluded while calculating Gross national Product?
Income effect states that as price of a good falls, demand rises since there is rise in
Which of the following is not a method to calculate GDP?
Which one of the following transactions will be considered as a transfer payment?
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
What is the name given to the difference between value of output and value added?