Indian Economy Questions

Which of the following is a risk taken by entrepreneurs in small business?

Rate of the growth of an economy is measured in terms of

Reema wants to buy a certain designer party dress. The shop is offering a discount of 20% on that dress which is marked at Rs 5000. If Reema was willing to pay even Rs 7000 for that dress, Reema's consumer surplus is

India has changed over to the decimal system of coinage in___________.

Long run growth in GDP is determined by

Who is the only Indian economist to have won the Nobel prize?

If hiring an extra worker increases a brick making unit's output from 2000 to 2250 units per day, but the factory has to reduce the price of its brick from Rs 15 to Rs 14 per brick to sell the additional output, the marginal revenue product of the last worker is

Expenses are recognized when