The 'snob effect' in consumer behaviour refers to: MCQ with Answer and Explanation

Explanation:
The poverty line used calorie norms of 2400 kcal rural and 2100 kcal urban.

Explanation:
As per RBI guidelines, a term loan is classified as NPA if interest or instalment of principal remains overdue for a period of more than 90 days.

Explanation:
Consumer surplus is the difference between the maximum amount consumers are willing to pay and the amount they actually pay, represented by the area under the demand curve and above the market price.