A Demand Analysis — Economics STD 12 Commerce / Arts — Question

In recent years India’s leading trading partners are –
(a) USA, Germany, Japan, UK
(b) Britain
(c) Nepal, Sri Lanka, UK
(d) None of these

Statements related to features of Index Numbers.
These are specialised form of averages. These help to determine price index.
These are not the barometers of economic activity.
Base year is taken as 100.

Form Utility increases when –
(a) dress stitched from cloth.
(b) change in the format of given material.
(c) river water diverted towards farm.
(d) pot made from clay.

Bank rate is ………….. measure of credit control.

Value added approach is the difference between the value of ……………….
(a) Export and import
(b) Receipts and payment
(c) Inputs and final output
(d) None of these

Features of Perfect Competition are –
(a) Large number of buyers
(b) Large number of sellers
(c) Different prices
(d) Perfect mobility

Importance of Macro-economics.
(a) National Income
(b) Economic development
(c) Price determination
(d) General level of employment

Features of Monopolistic Competition are –
(a) Homogeneous product
(b) Selling cost
(c) Downward sloping demand curve
(d) Few buyers

The members of National Income Committee in 1949 were —

Central Bank has the ………….. of cash reserve of commercial Bank in the country.