SEBI was given statutory status in which year? MCQ with Answer and Explanation

Explanation:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.

Explanation:
In a socialist economy, the means of production are owned collectively or by the state, and economic decisions are largely centralised.

Explanation:
Frictional unemployment occurs due to the time lag involved in people searching for and moving between jobs. It is short-term and voluntary in nature.