Questions

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.

In june 1950, in South Korea

Saubhagya –‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ was launched in September2017 with the aim to provide access to electricity to all remaining households in the country.Eight States which have already achieved more than 99 percent household electrification prior to launch of Saubhagya scheme are ineligible for participation under the award scheme. These eight states are Andhra Pradesh, Gujarat, Goa, Haryana, Himachal Pradesh, Kerala, Punjab and Tamil Nadu.

Group 1 metals are also called as alkali metals with reactive in nature and low melting points. They are soft and produce hydrogen and alkaline metal hydroxide solution when they react with water.