Step 1: Identify the concept.
This refers to **National Income Accounting**. National income data collection helps in measuring the total economic output of a country.
Step 2: Purpose.
The primary purpose of collecting National Income data is to assess the overall economic health, plan policies, and understand the income distribution in the country.
Step 3: Conclude.
Therefore, Rani is collecting data for the study of India's National Income to understand economic indicators like GDP, GNP, etc.
Final Answer: \[ \boxed{National \; Income \; Accounting} \]
Observe the following diagram of the non-linear demand curve and answer the questions given below.
(1) If \( EB = EA \) (\( Ed = 1 \)) = ....… (1)
(2) If \( EB > EA \) (\( Ed > 1 \)) = ....... (1)
(3) If \( EB < EA \) (\( Ed < 1 \)) = ....... (1)
(4) The 'x' axis represents ........ of commodity and 'y' axis represents ........ of commodity. (1)
Regulated Market
Regulated market is a wholesale market where buying and selling are regulated and controlled by the state government through the market committee.
Regulated market aims at the elimination of unhealthy and unscrupulous practices regarding charges and providing facilities to producers and sellers in the market. The poor standards of primary and secondary markets in agricultural market are cash transactions, short weights, excessive market charges, unauthorized deduction, and the absence of machinery to settle disputes between sellers and buyers. These defects and malpractices can be recovered by the establishment of Regulated market. According to the Bombay Agricultural Product Market Act-1939, this market is controlled. In this market mainly the trade of cereals, fruits, tobacco, cotton, groundnut, coconut, betel nut, potatoes and turmeric, etc. are controlled.
Questions:
(1) Which act regulates the market? (1)
(2) What are the poor standards in primary and secondary markets? (1)
(3) Give your opinion with reference to the above passage. (1)