Start learning 50% faster. Sign in now
The Slutsky substitution effect provides the consumer greater satisfaction by bringing him on a higher indifference curve, while the Hicksian substitution effect brings him back to the initial level of satisfaction on the original indifference curve. Hicks’ substitution effect is weak because it is based on the compensating variation in income.
Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?
Increase in absolute and per capita real GNP do not connote a higher level of economic development, if?
What is the purpose of creating a centralized database of unorganized workers in e-Shram portal?
What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit ...
Consider the following statements with respect to the International Labour Organisation-
I.It is the only tripartite United Nation (UN) agency. I...
Which of the following statements is/are not correct with respect to the Electoral Bonds Scheme ?
I.The government introduced the Electoral Bon...
Stand Up India Scheme provide financial aid for Working Capital needs through which organisation?
The government of India will be setting up an Indian Institute of Technology (IIT) for the first time abroad in ____________.
NITI Aayog has released the MPI India index in November, Who releases the MPI report at global level ?
What is the maximum annual deposit limit under Sukanya Samriddhi Yojna ?.