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366. Elasticity of demand explains the relationship between
A. income and quantity demand
B. price of a commodity and quantity demanded
C. utility of the commodity and quantity demanded
D. price of substitutes and quantity demanded
Explanation:
367. Gadgil Formula refers to the allocation of
A. market borrowings between the states
B. Central Plan assistance between the states
C. tax proceeds between the states
D. foreign aid between the Centre and states
Explanation:
368. The first estimate of national income in India was made by
A. Mahalanobis
B. V. K. R. V. Rao
C. Dadabhai Naoroji
D. Shirras
Explanation:
369. Additional Dearness Allowances is granted by the government on the basis of increase in
A. rate of inflation
B. whole sale price index
C. price of foodstuffs
D. consumer price indes
Explanation:
370. The value of money price depreciates when
A. the denomination of the standard coin increases
B. the general price level rises
C. the foreign value of the standard coin rises
D. None of these
Explanation:
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