Ram and Shyam were both travelling by train from Delhi to Chennai
separately. However, the cost of their tickets is different. Why? Give a reason
for the railways charging different prices to different customers.

List any five important duties of a consumer?

(a) What is the meaning of inflation?
(b) Explain any three evil effects of inflation on production.

Differentiate between commercial and central bank (five points).

Differentiate between extension and contraction of demand.

(a) State the law of supply.
(b) Explain any three factors affecting elasticity of supply.

How is fixed deposit different from saving deposit?