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English
Economics
History & Civics
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Question-1
A decrease in the supply of a commodity results in ___________ shift in demand curve.
(A)
Rightward
(B)
leftward
(C)
parallel
(D)
vertical
Question-2
Excess demand leads to _________.
(A)
Excess supply
(B)
lack of demand
(C)
rise in price
(D)
Increase in the purchasing power
Question-3
The forces working in the opposite directions are brought into balance through ____________.
(A)
Disequilibrium.
(B)
Equilibrium
(C)
Inequilibrium
(D)
None of these
Question-4
An increase in both demand and supply in the same proportion results in price ___________.
(A)
increase
(B)
decrease
(C)
remains same
(D)
none of these
Question-5
___________ sets the highest price limit of a commodity.
(A)
Average utility
(B)
Marginal utility
(C)
Total utility
(D)
none of these
Question-6
The Maximum price that the consumer would like to pay for the good would be equal to ___________.
(A)
Marginal utility
(B)
Average utility
(C)
total utility
(D)
None of these
Question-7
The demand curve shifts towards ________.
(A)
only right
(B)
only left
(C)
right or left
(D)
demand curve never shifts
Question-8
Excess supply leads to _________.
(A)
Lack of demand
(B)
fall in price
(C)
rise in price
(D)
Increase in the purchasing power
Question-9
The state of balance is known as _____________.
(A)
Disequilibrium.
(B)
Equilibrium
(C)
Inequilibrium
(D)
None of these
Question-10
The amount by which quantity exceeds the quantity demanded is called __________.
(A)
Simple demand
(B)
Simple supply
(C)
excess demand
(D)
excess supply
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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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