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● Statement 1 is incorrect: Article 123 of the Constitution grants the President certain lawmaking powers to promulgate Ordinances when either of the two Houses of Parliament is not in session and hence it is not possible to enact laws in the Parliament. There is limitation on the President to promulgate ordinance when Parliament is not in session. Hence it is not a parallel power with the legislature. ● Statement 2 is incorrect: An ordinance will expire after 6 weeks once both the houses of Parliament are in session. Thus, the maximum validity of an ordinance is 6 months and 6 weeks ● Statement 3 is correct: An ordinance may have retrospective effect and may be modify repeal any act of Parliament or even another ordinance
All of the following curves are U-shaped, except the
Among the following production functions which one is having increasing returns to scale
In the case of cost-push inflation, other things being equal:
What is the Disinvestment Target of the government in the Union Budget 2022-23?
In the Lewis model, what will cause an expansion in modern sector employment?
For a monopolist, price is Rs.16 and marginal revenue is Rs.4, the elasticity of demand will be
At price of Rs.5 quantity demanded is 10 units and at price of Rs.6, demand is 8 units. Calculate the market demand when price is Rs.4
In a frequency distribution, what percent of the total number of observations lies between the first and third quartiles?
The costs of inflation are?
The correlation coefficient between X and -X is: