Indian Economy Questions

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

The SLR is determined by the RBI. SLR stands for

Economic reasoning is based on the premise that

Which law states that bad money drives good money out of circulation?

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

This tax is entirely borne by the entity it is levied upon and cannot be passed.

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?