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English
Economics
History & Civics
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Question-1
If the firms want to minimize the amount of risk, it would ______________ supply of goods and services
(A)
Reduce
(B)
Increase
(C)
Keep the same output
(D)
None of these
Question-2
The law of supply explains __________________ relationship between price and quantity supplied
(A)
Positive
(B)
Inverse
(C)
Quadratic
(D)
None of these
Question-3
Market supply is ________________
(A)
Same as individual supply
(B)
Group supply
(C)
Supply of all producers
(D)
None of these
Question-4
Use of out dated techniques in production _______________ supply
(A)
Reduces
(B)
Increases
(C)
Either 1 or 2
(D)
None of these
Question-5
Increase in supply leads to large increase in the cost of production, the supply would be relatively
(A)
Inelastic
(B)
Elastic
(C)
Unitary elastic
(D)
none of these
Question-6
Quality of a commodity which one producer is willing to produce and offer for sale is known as _________________
(A)
Market demand
(B)
Market supply
(C)
Individual supply
(D)
None of these
Question-7
Imposition of tax ______________ supply of goods and services
(A)
Reduces
(B)
Increases
(C)
Tax and supply of foods are not related
(D)
None of these
Question-8
The law of supply explain the relationship between _______________
(A)
Price and quantity demanded
(B)
Price and level of income
(C)
Price and quantity supplied
(D)
None of these
Question-9
Supply has always a __________________
(A)
Reference period
(B)
Price
(C)
a and b
(D)
None of these
Question-10
Demand has always a __________________
(A)
Reference period
(B)
Price
(C)
a and b
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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