Questions

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

Iconic attraction of India Taj Mahal has emerged as the 5th most popular landmark in the world and 2nd in Asia, according to the online travel portal TripAdvisor’s ‘Travellers’ Choice Awards for Landmarks. Globally, Angkor Wat in Cambodia, Sheikh Zayed Grand Mosque Center in Abu Dhabi, Mezquita Cathedral de Cordoba in Spain, and St Peter’s Basilica in Italy, bagged the first four ranks respectively. Whereas, the top 10 landmarks in Asia has been topped by Angkor Wat, followed by Taj Mahal on the second place. Apart from this, Taj Mahal has also ranked first in the list of popular landmarks in India, followed by AmberFort, Jaipur; Swaminarayan Akshardham, New Delhi, etc.

Monsoon experiment is abbreviated as MONEX.

The Monsoon Experiment is the core of the GARP Monsoon Subprogramme, which is a major international effort to achieve a better understanding of the Planetary monsoon circulation, the major seasonal perturbation of the general circulation of the atmosphere and the influence of the annual cycle of precipitation associated with the monsoon on the agriculture of the many populous nations of the region.

Hence, MONEX is associated with The Monsoon Experiment.