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.

Kelvin is used to measure Temperature,

Candela is used to measure Intensity of flame,

Steredian is used to measure Solid Angle.

• Two Indian companies, Tata SteelBSE and Wipro have been named in the list of world’s most ethical companies by American think tank Ethisphere Institute.

• Ethisphere honors those companies who recognize their role in society to influence and drive positive change in the business community and organizations around the world.

• In 2017, 124 honorees were spanning five continents, 19 countries, and 52 industry sectors.

• Wipro is one of the two information technology companies named in the list, the other being Xerox Corporation.

Former cricketer Ravi Shastri has been named the New coach of Team India on a Two year contract.

This will be Shastri's second stint with the team, after being the director from 2014 - 2016.