The 'Sixth Five Year Plan' period was: MCQ with Answer and Explanation

Explanation:
A monopsony is a market structure in which there is only one buyer of a good or service.

Explanation:
In the older classification, budgetary deficit was the difference between total expenditure and total receipts (both revenue and capital, excluding borrowings). It is no longer widely used.

Explanation:
Potential output is the level of real GDP that can be sustained over the long term without generating inflationary or deflationary pressures, given existing resources and technology.