Introduction to Economics

A consumer is said to be in equilibrium, if:

The supply-side economics lays greater emphasis on the point of view of:

If a commodity is provided free to the public by the Government, then

Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?

Despite being a high saving economy, capital formation may not result in significant increase in output due to

One of the reasons for India's occupational structure remaining more or less the same over the years has been that:

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R): Assertion (A): Though India's national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level. Reason (R): Sizeable proportion of the population of India is still living below the poverty line. In the context of the above two statements which one of the following is correct?

Consider the following statements: Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and the income of the consumers increases its price falls 4. Its prices fall Which of the above statements are correct?