A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is ————

Consumer surplus means ———— .

the area inside the budget line
the area between the average revenue and marginal revenue curves
the difference between the maximum amount a person is willing to pay for a good and its market price
none of the above

Larger production of ———— goods would lead to higher production in future.

Under ———— market condition, firms make normal profits in the long run.

In order to control credit:

As a result of the New Industrial Policy, 1991:

the public sector has been stripped off all its power
the public sector has been given the commanding heights of the economy
the public sector’s portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries
the public sector’s management has been passed over to the private sector

Find the tax which is direct tax among the following:

The industrial sector faced the process of retrogression and deceleration during

Which of the following statements is correct?

Gini coefficients are often used for measuring poverty in relative sense
When poverty is related to the distribution of income or consumption expenditure, it is absolute poverty
In India, we mainly use the concept of relative poverty for measuring poverty.
None of the above

What is India’s rank in world population?

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