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English
Economics
History & Civics
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Question-1
When income of the consumer rises, his demand for inferior good would ________
(A)
rise
(B)
falls
(C)
remains same
(D)
any of the above
Question-2
Composition of the population indicates the number of _____________
(A)
children alone
(B)
males alone
(C)
females alone
(D)
children,males,females and elders
Question-3
_________ is/are the parts of demand schedule
(A)
individual demand schedule only
(B)
market demand schedule only
(C)
individual and market demand schedule
(D)
none of these
Question-4
the market demand for any good is a function of the:
(A)
price
(B)
income
(C)
taste
(D)
all of these
Question-5
A consumer maximizes his levels of satisfaction when ____________
(A)
marginal utility less than price
(B)
marginal utility greater than price
(C)
Marginal utility equals price
(D)
all of these
Question-6
Petrol and diesel are good examples of _________ type of goods
(A)
complementary
(B)
substitute
(C)
parallel goods
(D)
none of these
Question-7
Change in demand due to change in price levels are known as _____________
(A)
price effect
(B)
substitution effect
(C)
income effect
(D)
none of these
Question-8
When the distribution of income is unequal ,the demands for _________ would be high
(A)
normal good
(B)
inferior good
(C)
luxury good
(D)
composite goods
Question-9
Change in demand occurs due to changes in __________
(A)
income
(B)
taste
(C)
preference
(D)
all of these
Question-10
There exist _________ relationship between demand for a product and price of its substitute
(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
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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