Exams

A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.

A binding price ceiling is one that is set below equilibrium price.

Gagan Narang was a famous Indian shooter who was first qualified to London Olympics. He was conferred with Arjuna Award for shooting. 

The definition of Lysogeny is a dormant viral infection of bacteria in which the genetic material of a virus combines with that of a host bacterium.

As per guidelines of the RBI, payments banks can accept demand deposits – savings and current – up to a maximum of ?1 lakh per customer. To overcome this restriction of holding a maximum balance of ?1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over ?1 lakh can be converted into fixed deposits with the latter.