Indian Economy Questions

Which is the parameter for the economic development ?

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

The Law of Demand is based on the concept that people _______.

Which law states that bad money drives good money out of circulation?

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

In economics secondary effects refer to the