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English
Economics
History & Civics
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Question-1
_______ is an example of inferior good
(A)
TV
(B)
Fridge
(C)
Scooter
(D)
Maize
Question-2
Substitutes are otherwise known as ___________
(A)
competitive goods
(B)
complementary goods
(C)
parallel goods
(D)
none of these
Question-3
The income demand curve for an inferior good would be ______
(A)
upward to right
(B)
vertical
(C)
downwards to right
(D)
horizontal
Question-4
A fall in the relative prices of fruits would lead to _______
(A)
increase in the demand for fruits
(B)
increase in the quantity of sweets
(C)
no influence on the quantity of fruits demanded
(D)
any of these
Question-5
Fall in the price of commodities attract more consumers due to __________
(A)
income effect only
(B)
substitution effect only
(C)
income and substitution effects
(D)
none of these
Question-6
When the exceptions of law of demand operate ,the shape of demand curve would be __________
(A)
Downward sloping
(B)
upward sloping
(C)
horizontal
(D)
vertical
Question-7
There is _______________ relationship between price and quantity demanded
(A)
positive
(B)
inverse
(C)
curvilinear
(D)
none of these
Question-8
When the demand for a good goes down ,the demand for its substitute would __________
(A)
fall
(B)
rise
(C)
remains same
(D)
none of these
Question-9
When the price of a commodity falls, it would attract __________ customers
(A)
more
(B)
less
(C)
more or less
(D)
all of these
Question-10
The shape of income demand curve incase of necessaries would be ____________
(A)
positive
(B)
inverse
(C)
backward bending
(D)
vertical
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
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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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