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“Volenti non fit Injura” means that things suffered voluntarily are not fit/deemed to be an injury or an injury cannot arise out of a voluntary act. It is one of the defences under Tort Law. Section 300 (Exception 5) of IPC embodies a principle similar to that of tort law principle ‘Volenti non fit Injuria’ as it says a person above 18 years of age when consents to his death or risks his death, it is not murder.
Which of the following is/are the aim/aims of "Digital India" Plan of the Government of India?
If you have found the percentage of the value of sales accounted for by the four largest firms in an industry, you have found the
Accelerator theory of investment is the ratio of:
A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
Find National Income from the following
Autonomous Consumption = Rs. 100
Marginal Propensity to Consume =0.60
Investment = Rs. 200<...
Suppose nominal GDP equals 1,000 units and money supply equals 250 units. Based on the quantity theory of money, the velocity of money equals.
If income elasticity is less than 1 then the goods are
When a firm operates with excess capacity
For goods x1 and x2 with prices P1 and P2, if dx1/dP2 is positive then,
Which method is used by Hicks to eliminate the income effect when price of a product is changed