If the price of an inferior good falls, its demand: [CPO SI 2003]

Related MCQs

• Self-reliance in the economic context implies that a country: 1. meets its demands for all goods and services from its domestic production 2. exports some of its goods but does not need to import anything 3. has sufficient foreign exchange reserves to buy all its needs 4. meets its demand for certain vital goods and services from its domestic production
• India had a plan holiday: [CPO AC 2003]
• Which of the following groups suffer the most from inflation? [CPO SI 2003]
• The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]
• The central banking functions in India are performed by the: [CPO AC 2003]
• The basic attribute of a formal organization is : [CPO AC 2003]
• The existence of a Parallel Economy or Black Money: [CPO SI 2003]
• How does the consumer benefit with VAT? [CPO SI 2003]
• Gross National Product at market prices is defined as : [CPO AC 2003]
• Consider the following statements about Wholesale Price Index (WPI) : 1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation. 2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India. Which of the statements given above is/are correct? [CDS 2009]