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English
Economics
History & Civics
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Question-1
Economic goods are normally ___________
(A)
scarce
(B)
priced
(C)
have utility
(D)
all of these
Question-2
When a consumer consumes same commodity successively,he gets __________ satisfaction
(A)
more
(B)
less
(C)
same
(D)
all of these
Question-3
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-4
______________ are those goods which can be used in place of another.
(A)
complementary
(B)
substitute
(C)
parallel goods
(D)
none of these
Question-5
___________ is one of the most important theory related to consumer behavior
(A)
theory of demand
(B)
singer-perbish theory
(C)
hecksher-ohilin theorem
(D)
all of these
Question-6
______________ theory explains every additional unit of a commodity gives lesser and lesser satisfaction
(A)
demand
(B)
equi-marginal utility
(C)
diminishing marginal utility
(D)
all of these
Question-7
Downward sloping demand curve indicates more quantity would be _________
(A)
demamded at higher income
(B)
demanded as the price of substitutes goes up
(C)
as its own price falls
(D)
demanded as population increases
Question-8
The essential components of demand are __________
(A)
desire
(B)
willingness to pay
(C)
purchasing power
(D)
all of these
Question-9
When income of a consumer falls, his demand for normal good would _________
(A)
rise
(B)
falls
(C)
remains same
(D)
any of the above
Question-10
A decrease in demand shifts the entire demand curve ________
(A)
leftwards
(B)
rightwards
(C)
either leftwards or rightwards
(D)
none of these
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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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