Question
With reference to The Indian Contract Act, 1872 read
the following statements and select the correct option from below: 1. An agreement without consideration is always void ab initio 2. An agreement in writing and registered and made on account of natural love and affection even without consideration is validSolution
Section 25.  Agreement without consideration, void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law: An agreement made without consideration is void, unless- (1) it is expressed in writing and registered under the law for the time being in force for the registration of 1[documents], and is made on account of natural love and affection between parties standing in a near relation to each other.
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
What is the elasticity of demand given that x=100-50p at price = 10?
Under the Bretton wood system, the long-term development assistance was to be provided by
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IBRD
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Assertion (A): There is a natural tendency to collude under oligopoly.
Reason (R) : Inter-dependence of firms in oligopolist...
Based on the IS curve and LM curve you have derived in Q36 and Q37, what is the equilibrium income?
Suppose A consumes only 2 goods X &Y such that A exhausts all the income. Ceteris Paribus, if the price of X rises and the price elasticity of X is 1.2 ...
For which of the following consumption functions, the value of income multiplier, k=5?
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
The natural rate of unemployment corresponds to:
At point A, inflation is equal to the underlying rate of inflation and output is at the level of output consistent with the equilibrium unemployment ra...
