Indian Economy Questions

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is ­3.2 findmP1?

When there is only one buyer and one seller of product, it is called _____ situation.

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

Which of the following Article of Indian Constitution deals with the Right to Equality before Law?

Which among the following does not count in the development expenditure of government?

The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products?

The SLR is determined by the RBI. SLR stands for