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

Optional functions of Government.
(a) Protection from external attack.
(b) Provision of education and health services.
(c) Provision of social security measures.
(d) Collection of tax.

There are many practical difficulties in the measurement of NI like –
(a) problem of double counting
(b) existence of non-monetize sector
(c) inadequate and unreliable data
(d) none of these

Homogeneous product is a feature of this market.
a) Monopoly
b) Monopolistic competition
c) Perfect competition
d) Oligopoly

The operation of direct buying and selling of securities by central bank in the money market is called …………..

Under Perfect competition, sellers are
a) Price makers
b) Price takers
c) Price discriminators
d) None of these

Exceptions to the law of Demand.
(a) Inferior goods
(b) Jewellery
(c) Habitual goods
(d) Price of substitute goods

Scope of Macro economics.
(a) Theory of Income and employment
(b) Theory of General Price level and inflation
(c) Theory of Economic growth and development
(d) Theory of Factor Pricing

(A) : A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity.
Reasoning (R) : Changes in consumers income leads to a change in the quantity demanded.

Balance of trade includes –
(a) the value of imports of visible and invisible goods
(b) the value of imports of only visible goods
(c) the value of imports and exports of visible and invisible goods
(d) the value of exports of visible and invisible goods.

What do Index numbers measure?
(a) Value of money
(b) Relative prices
(c) Relative change in prices
(d) All of these