Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
The shape of income demand curve incase of inferior goods would be ________
(A)
positive
(B)
inverse
(C)
backward bending
(D)
none of these
Question-2
Marginal utility could be computed by ___________
(A)
TUn-TU(n-1)
(B)
TU+n
(C)
TU/n
(D)
p+n
Question-3
Shift in the demand curve means shifting of the curve ________
(A)
leftward
(B)
rightward
(C)
either leftward or rightward
(D)
none of these
Question-4
When a person consumes 2 oranges, assume that his level of utility is 10.Assume that the 3 rd apple gives a utility of 12.In this case ,Marginal utility would be ___________
(A)
3
(B)
2
(C)
1
(D)
5
Question-5
______ curve shows how much quantity of a commodity a consumer buys at different levels of income.
(A)
price demand
(B)
income demand
(C)
substitute demand
(D)
none of these
Question-6
The reduction of tax __________ consumption
(A)
reduces
(B)
increases
(C)
increase or decrease
(D)
none of these
Question-7
A decrease in the population size will _______________ the demand for commodities and services
(A)
decrease
(B)
increase
(C)
increase or decrease
(D)
none of these
Question-8
Composition of the population ____________ demand
(A)
influences
(B)
never influence
(C)
can't say
(D)
further data required
Question-9
The current demand for a good depends on the expectations of the consumer based on ___________
(A)
future prices
(B)
income
(C)
availability of goods
(D)
all of these
Question-10
_________ is an example of necessary good
(A)
rice
(B)
wheat
(C)
salt
(D)
all of these
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
