Which of the following factors led to the decline in inflation rate in India during 2014-15?

1.Persistent decline in crude oil prices

2.Softness in global prices of tradables such as edible oils and coals

3.Tight monetary policy pursued by the Reserve Bank of India

Select the correct answer using the codes below

In view of the fact that kerosene is an inferior good in India,what are its implications?

1.As households get richer,they consume less kerosene

2.Over time there is decline in quality of kerosene

3.Government needs to stop subsidies on kerosene

Select the correct answer using the codes given below

Which one of the following statements with regard to India's economy between 1814 to 1860 is not correct?

What is meant by 'public good'?

Which one of the following does not form part of Immanual Kant's theory of perpetual peace?

What is meant by price discrimination?