Which of the following statements accurately describes the relationship between price and quantity demanded/supplied, considering potential exceptions?
The law of demand is a fundamental principle in economics, but it's important to recognize that there are exceptions where the relationship between price and quantity demanded doesn't hold. Veblen goods (luxury items) and Giffen goods (inferior goods) are examples where demand may increase with price. Additionally, in situations of speculation or emergency, consumers may behave irrationally, leading to deviations from the law of demand.
Consider the following statements and choose the option with correct statements.
I- The Scheme of Pradhan Mantri Adarsh Gram Yojana (PMAGY), whic...
Recently, e-Shram Portal has been established to maintain a database of 38 crore workers in the unorganised sector. Which of the following has come up w...
SWAYATT is an initiative to promote inclusiveness of various categories of sellers and service providers on the portal, by taking proactive steps to fac...
The target of Pradhan Mantri Matsya Sampada Yojana (PMMSY) is to enhance fish production by an additional 70 lakh tonne and increase fisheries export ea...
DISKHA was launched in 2017 with an aim to bring revolutionary changes in the Education sector in India. This was mainly related to ____________.
How much investment has been allocated for the transport infrastructure projects in the Union budget of 2023-24?
In the Union Budget 2023-24, Government indicated that an Urban Infrastructure Development Fund (UIDF) will be established. This will be managed by the ...
Which of the following actions most emerging economies took after facing with the prospects of global stagflation, nations, and feeling compelled to pro...
Consider the following Statements and choose the option with correct Statements.
I- PM Kisan is a Central Sector Scheme to supplement the financi...
To strengthen India’s fight against the disease, PM CARES Fund had been constituted. What does R stands for?