Habeas Corpus: The Supreme Court or High Court can issue this writ against both private and public authorities. Writ of Prohibition can only be issued against judicial and quasi-judicial authorities. It can’t be issued against administrative authorities, legislative bodies and private individuals or bodies Pre-1991: The writ of Certiorari used to be issued only against judicial and quasi-judicial authorities and not against administrative authorities. Post-1991: The Supreme Court ruled that the certiorari can be issued even against administrative authorities affecting the rights of individuals It cannot be issued against legislative bodies and private individuals or bodies Quo-Warranto can be issued only when the substantive public office of a permanent character created by a statute or by the Constitution is involved. It can’t be issued against private or ministerial office.
Expansion path is related to production theory similarly ________________ is related to consumption theory
Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is...
Concepts of displacement and concentration effect in public expenditure are attributed to
A.C. Pigou an...
The mean of two samples sized 50 and 100 are 54.1 and 50.3 respectively. The standard deviation of these sample are 8 and 7 respectively. What will be t...
The data about sales and advertisement expenditure of a firm is given below
The profit-maximizing monopolist will choose the price and quantity represented by point
A spot purchase of a currency coupled with simultaneous forward sale of the same currency is called:
IS curve shows that when income decreases
The Phillips curve shows the trade-off between ----- and -----?