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Economics
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Question-1
An increase in demand shifts the entire demand curve ________
(A)
leftwards
(B)
rightwards
(C)
either leftward or rightward
(D)
none of these
Question-2
In economics, goods are classified into ___________ categories
(A)
normal goods
(B)
inferior goods
(C)
necessary goods
(D)
all of these
Question-3
The sum of income effect and substitution effect is __________
(A)
summary effect
(B)
price effect
(C)
pricier effect
(D)
none of these
Question-4
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-5
The whole demand curve shows the complete ________ relationship
(A)
demand price
(B)
price - supply
(C)
price - quantity
(D)
none of these
Question-6
Increase in demand happens when ________
(A)
less is demanded at same price
(B)
more is demanded at lower price
(C)
less is demanded at a higher price
(D)
none of the above
Question-7
The demand for a commodity by a single consumer is known as _________
(A)
Market demand
(B)
demand
(C)
individual demand
(D)
none of these
Question-8
With increase in the level of income, the consumption of certain goods increase only to an extent and thereafter demand for such goods falls. Such goods are known as ____________
(A)
Normal goods
(B)
inferior goods
(C)
necessary goods
(D)
all of these
Question-9
______________ are those goods which can be used in place of another.
(A)
complementary
(B)
substitute
(C)
parallel goods
(D)
none of these
Question-10
The most important tools of economic analysis at the macro levels are ___________
(A)
demand only
(B)
supply only
(C)
national income
(D)
none of these
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Plus 2 Humanities
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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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