Indian Economy Questions

The demand for a inferior good increases with ________ in the consumer's income.

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?

Which Indian stock exchange is planning to launch its own Initial Public Offering (IPO)?

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

In a centrally planned economy, the ____________ plans all the important activities in the economy.

At the equilibrium price

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to