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English
Economics
History & Civics
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Question-1
Purchasing large quantity of goods by the consumers when prices are falling is known as _________ of demand .
(A)
contraction
(B)
extension
(C)
polarization
(D)
none of these
Question-2
When a consumer expects a price rise ,he would purchase _________ at present
(A)
less good
(B)
more good
(C)
same quantity
(D)
postpone consumption
Question-3
All inferior goods are need not be _____ goods.
(A)
normal
(B)
inferior
(C)
composite
(D)
none of these
Question-4
The demand for a commodity by all the households in an economy is known as _________
(A)
market demand
(B)
demand
(C)
individual demand
(D)
none of these
Question-5
Customers are normally would like to __________ cheaper goods for costlier goods.
(A)
substitute
(B)
complement
(C)
extract
(D)
none of these
Question-6
Normally in a demand curve ____________ will be represented at the Y axis
(A)
price
(B)
quantity
(C)
supply
(D)
demand
Question-7
The whole demand curve shows the complete ________ relationship
(A)
demand price
(B)
price - supply
(C)
price - quantity
(D)
none of these
Question-8
The concept of conspicuous consumption was developed by ___________
(A)
Marshall
(B)
Keynes
(C)
Veblin
(D)
none of these
Question-9
The concept of giffen goods in economics was proposed by ________
(A)
Robert
(B)
Amartya sen
(C)
paul krugman
(D)
none of these
Question-10
When a consumer expects a higher income in the future ,he would now purchase ________________
(A)
less good
(B)
more good
(C)
same quantity
(D)
postpone consumption
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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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