Analyst Questions

Herodotus, a Greek author written the first history book in 5th century B.C.

Repo Rate is the rate at which the commercial banks borrows money from the central bank of a country i.e, RBI in India.

Reverse Repo Rate is the rate at which the central bank of a country, in case of India it is RBI borrows money from the commercial banks in the country.

Hierarchy is a method to structure an establishment employing various levels of administration and a vertical section, or series of command, between higher and lower levels of the organization. Superior levels dominate lower levels of the bureaucracy.

The Speaker is at the top, and the members are at the bottom.

If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.

A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes.

So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent or less than 10, that good is said to have inelastic demand.

Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Usain Bolt is branded as "Fast Man on Earth".

We can never eat lunch and dinner for our breakfast.

Mercury was the remedy of choice for syphilis in Protestant Europe. Until the early 20th century, the primary treatment for syphilis was mercury, in the form of calomel, ointments, steam baths, pills, and other concoctions.

Mercury was already being used in Western Europe to treat skin diseases.