The 'National Manufacturing Policy' was released in which year? MCQ with Answer and Explanation

Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.

Explanation:
The primary functions of money are medium of exchange, measure of value (unit of account), store of value and standard of deferred payments. Means of production is not a function of money.

Explanation:
A Giffen good has a strong income effect that dominates the substitution effect, so quantity demanded rises when price rises.