Introduction — Economics STD 12 Humanities & Commerce — Question

Giving reasons, state whether the following statements are true or false:
When supply decreases more than proportionately than the fall in demand, equilibrium price will also fall.

Giving reason, state whether the following statement are true or false.
In balance of payments, repayment of loans by Indian Government to American Government will be reflected as debit item.

Accommodating items do not cause any movement of goods and services across the borders. (True/ False)

Giving reasons, state whether the following Its are true or false.
Average cost falls only when marginal cost falls.

A monopolist can sell any quantity he likes at a price. Give reasons with true or false.

Supply of foreign exchange is positively related to the price of foreign exchange. (True/ False)

Are the following statement true or false? Give reason.
Revaluation and appreciation of currency are one and the same thing.

Giving reasons, state whether the following statements are true or false:
If the supply curve is a horizontal straight line, change in demand will affect equilibrium quantity.

Giving reasons, state whether the following statements are true or false.
If income of the buyer decreases, demand for inferior goods decreases.

Are the following statements true or false? Give reasons.
Expenditure made on the development of a railway line is a capital expenditure.