Average utility refers to the utility that is obtained by the consumer per unit of commodity consumed. It is calculated by dividing the total... View Article
The difference between total and marginal utility is that total utility refers to the total amount of satisfaction that a consumer receives on... View Article
Commercial banks at times face financial crises and at that time are unable to get funds from any other sources. In this situation, they seek... View Article
Defence Industrial Corridors boosts the defence manufacturing ecosystem through synergistic development of technologies, promote the growth of... View Article
HUF stands for Hindu Undivided Family. It is a form of business organisation in which the members who descended from a common ancestor can form... View Article
LLP stands for Limited Liability Partnership in which the liability of the partners is limited to the extent of their contribution in the... View Article
(a) No vote (b) One man, one vote (c) Multiple votes (d) One share one vote Answer: (b) One man, one vote Also read: Cooperative Society... View Article
GNP stands for Gross National Product. It is also known as Gross National Income. Also read: Difference Between GDP and GNP Nominal and Real... View Article
A) It decreases B) It becomes the highest C) It remains constant D) It increases Answer: D. It increases As long as MU is positive, the... View Article
A. Prospectus B. Debentures C. Shares D. Common seal Answer: D. Common seal The common seal is referred to as the official signature of the... View Article
(A) Reserves and Surplus (B) Share Capital (C) Other Long-term Liabilities (D) Other Current Liabilities Answer: (A) Reserves and Surplus... View Article
Yes, commercial banks are considered the creator of money in the economy. The creation of money in the economy is done by the process of demand... View Article
High powered money refers to the aggregate of the total currency (coins and notes) that are held by the public and the reserves of commercial... View Article
Legal tender refers to any currency that is declared as legal by the government while fiat money is referred to as money that is not backed up by... View Article
(A) It is affected by personal bias. (B) Intra-firm comparison. (C) Lack of qualitative analysis. (D) Ignores price level changes Answer: B.... View Article
The liquidity trap refers to the situation where monetary policy becomes ineffective as the interest rate becomes less and the general public is... View Article
In a market having the characteristics of free entry and exit, all the firms present in a perfectly competitive market will be earning normal... View Article
