Which of the following is NOT a component of the Union Budget of India?
A. Monetary Policy Statement
B. Capital Budget
C. Revenue Budget
D. Finance Bill
Answer: Option A
Solution (By JKSSB Mock Tests)
The Monetary Policy Statement is issued by the RBI. The Union Budget consists of the Revenue Budget, Capital Budget and related documents including the Finance Bill.
Explanation:
For complementary goods (e.g., car and petrol), an increase in the price of one leads to a decrease in demand for the other, so cross elasticity is negative.
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