What Is Unique About Manmohan Singh

question 26

Multiple Choice

What is unique about Manmohan Singh?

• A) He was the first person to serve as prime minister who was neither the leader of his own party nor that of a ruling coalition.
• B) He was the only non-Congress prime minister prior to 1989.
• C) He was the first prime minister not to come from the Nehru-Gandhi dynasty.
• D) He was the first prime minister to be assassinated by his own bodyguards.
• E) He was the first prime minister to seek normalization with Pakistan.

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Definitions:

Production Rates

The speed at which goods are manufactured or produced within a given time frame, often measured to assess efficiency and productivity levels.

Kinked Demand Curve

A theory in economics which suggests that price increases will not be followed by competitors in an oligopolistic market, leading to a situation where a firm faces a steeper demand curve for price increases and a more elastic demand curve for price decreases.

Price Stickiness

A situation in markets where prices of goods do not adjust immediately to changes in supply and demand conditions.

Profit-Maximizing Price

The price at which a firm can sell its product to maximize its profit, determined by various factors including demand, cost of production, and market competition.