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.

The Indian Slavery Act, also called as Act 5th of 1843, was an act passed in British India under East India Company rule, which outlawed many economic transactions associated with slavery.

Competition Commission of India (CCI) was established on 14th October 2003. It headquarters in New Delhi.

Although well known as one of the most iconic dinosaurs, Brontosaurus (the 'thunder lizard') has long been considered misclassified. Since 1903, the scientific community has believed that the genus Brontosaurus was in fact the Apatosaurus.

Sukhna Lake is in Chandigarh, India.

It is a reservoir at the foothills of the Himalayas. It covers an area of 3 km². This rainfed lake was created in 1958 by damming the Sukhna Choe, a seasonal stream coming down from the Shivalik Hills.