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English
Economics
History & Civics
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Question-1
Supply is a __________________
(A)
Desired quantity only
(B)
Actual quantity
(C)
Either a or b
(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
A decrease in supply curve suggest that the whole supply curve shits to _________________
(A)
Left
(B)
Right
(C)
Remain at the same position
(D)
none of these
Question-4
Elasticity of supply explains the _______________ of change in supply as result of change in prices.
(A)
Magnitude
(B)
Direction
(C)
Quantity
(D)
none of these
Question-5
The main objectives of the firm is _______________
(A)
Sales maximization
(B)
Profit maximization
(C)
Risk minimization
(D)
None of these
Question-6
Extension or contraction in supply happens only due to __________________
(A)
Price only
(B)
Demand only
(C)
Prices of other goodsonly
(D)
None of these
Question-7
The shape of long run supply curve is _______________
(A)
Downward sloping
(B)
Upward sloping
(C)
Flatter
(D)
None of these
Question-8
Stock is a _______________ concept
(A)
Wider
(B)
Narow
(C)
Singular
(D)
None of these
Question-9
Demand has always a __________________
(A)
Reference period
(B)
Price
(C)
a and b
(D)
None of these
Question-10
Higher the price _________________ would be the quantity supplied
(A)
Higher
(B)
Lower
(C)
Same
(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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