Notebook +

For Matching type questions 🚀 Different wars and subsequent treaties. 1. First Carnatic war ➡️ treaty of Aix - La Chapelle, 1748. 2. Second Carnatic war ➡️ treaty of Pondicherry, 1755. 3. Third Carnatic war ➡️ treaty of Paris, 1763. 4. Battle of Buxar ➡️ treaty of Allahabad, 1764/65. 5. First Anglo Mysore war ➡️ Treaty of Madras, 1769. 6. First Anglo Maratha War ➡️ treaty of Salbai, 1782. 7. Second Anglo Mysore war ➡️ treaty of Mangalore, 1784. 8. Third Anglo Mysore war ➡️ treaty of Seringapatanam, 1792. 9. Second Anglo Maratha War ➡️ treaty o Bassein, 1802. 10. First Burma war ➡️ treaty of Yandabo,1826. 11. First Anglo Sikh war ➡️ treaty of Lahore, 1846. 12. Second Anglo Afghan war ➡️ treaty of Gandamak,1879. 13. Anglo Tibetan relation ➡️ treaty of Lhasa, 1904

✓✓ Paradox of Value The observation that some goods (e.g. water) which are more essential to human life can be cheaper than non-essential goods (e.g. diamonds) The paradox of value examines why goods that are not essential to life can command a much higher price than goods that are essential to life. For example, a classic example is the price of water and diamonds. Diamonds are mere accoutrements and jewellery, yet they can sell for thousands of pounds. Water, essential for life, can be taken from a tap at a very low cost. Why do we seem to place a greater value on diamonds than water? ✓ Reasons for the paradox of value 1. Context/ marginal utility First of all, if you were in a desert, dying of thirst, you might be willing to sell every diamond you have in return for a litre of water. Context is important. We spend more on diamonds only when we have sufficient water. The marginal utility of water is fairly constant. Each day water gives a certain marginal utility (satisfaction). We need to keep buying and using water every day of our life. However, the marginal utility of diamonds is very different. Before getting married, a diamond ring brings a very high level of marginal utility – so we are willing to pay £1,000. But a week later, the marginal utility of another diamond would be very significantly lower. We don’t need to buy a diamond every week. If we did, it would lose its appeal of being a special one-off. 2. High price/rarity makes diamonds more attractive I could have bought a wedding ring made out of fake diamonds, which look similar but are much cheaper. However, there are some goods where the rarity and high price actually make it more attractive than a cheaper version. If you are buying a wedding ring, it symbolises commitment, good faith, security. You want to get the best possible ring, not the cheapest possible price Therefore, we value a diamond ring, precisely because it is expensive and rare. If you were buying wedding rings every month, it might be different, you would buy the cheaper substitute. But for a once in a lifetime purchase, you could argue a wedding ring is like a Veblen good – the higher price makes it more desirable. 3. Inelastic supply of diamonds. the price is determined by supply and demand. The supply of water and diamonds is very different. The supply of tap water is very elastic (especially in the UK with a lot of rain). Therefore, even as demand rises, price increases only a little. The supply of diamonds is very limited, therefore, supply is inelastic. It is the rarity of diamonds that is pushing up the prices.

The Hindu today paper

Assistant director E&S will be held in july

VLW STAY VACCATED BY HIGH COURT ✅️

Check out Junior Assistant Phase 2 Admit cards https://ssbjk.com/admitcard/ Jammu ( Candidates whose Name initials are ANO e.g ANOOP to KART e.g KARTIK). Kashmir ( Candidates whose Name Initials are IRF e.g IRFAN to SAJ e.g SAJID)

President Droupadi Murmu presents Padma Shri in the field of Art to Ghulam Nabi Dar. He is known for his exceptional artistic talent and significant contribution to preserving and promoting the cultural heritage of #Kashmir through his intricate wood carvings.