Chapter 2 Utility Analysis
Chapter 2 Utility Analysis 1. Complete the following statements by choosing the correct alternatives. Question 1.In the law of diminishing marginal utility, Alfred Marshall assumes that the marginal utility of…
Chapter 3B Elasticity of Demand
Chapter 3B Elasticity of Demand 1. Complete the following statements: Question 1.Price elasticity of demand on a linear demand curve at the X axis is …………… a) zero b) one…
Chapter 10 Foreign Trade of India
Chapter 10 Foreign Trade of India 1. Choose the correct option: Question 1.Types of foreign trade a) Import trade b) Export trade c) Entrepot trade d) Internal trade Options: 1)…
Chapter 9 Money Market and Capital Market in India
Chapter 9 Money Market and Capital Market in India 1. Complete the following statements: Question 1.Development financial institutions were established to ………………… a) provide short term funds. b) develop industry,…
Chapter 8 Public Finance in India
Chapter 8 Public Finance in India 1. Choose the correct option Question 1.Optional functions of Government: a) Protection from external attack b) Provision of education and health services c) Provision…
Chapter 7 National Income
Chapter 7 National Income 1. Complete the following statements: Question 1.While estimating national income, we include only value of final goods and services in order to a) make computation easier…
Chapter 6 Index Numbers
Chapter 6 Index Numbers 1. Choose the correct option: Question 1.Statements that are incorrect in relation to index numbers. a) Index number is a geographical tool. b) Index numbers measure…
Chapter 5 Forms of Market
Chapter 5 Forms of Market 1. Choose the correct option: Question 1.In an economic sense, the market includes the following activities a) The place where goods are sold and purchased.…
Chapter 3A Demand Analysis
Chapter 3A Demand Analysis 1. Complete the following statements: Question 1.The relationship between demand for goods and price of its substitute is …………… (a) direct (b) inverse (c) no effect…
Chapter 4 Supply Analysis
Chapter 4 Supply Analysis 1. Complete the following statements: Question 1.When the supply curve is upward sloping, its slope is ………………. a) positive b) negative c) first positive then negative…