B Elasticity of Demand — Economics STD 12 Commerce / Arts — Question

There are many theoretical difficulties in the measurement of NI like –
(a) Transfer Payment
(b) Illegal Income
(c) Unpaid services
(d) All of these

Types of imperfect market are –
(a) Monopoly
(b) Oligopoly
(c) Monopolistic Competition
(d) Perfect Competition

Competitive demand.
(a) Thums-up
(b) Pepsi
(c) Buttermilk
(d) Coco-cola

Individual demand.
(a) Micro economics
(b) Slicing method
(c) Lumping method
(d) Study of individual unit

Green Gross National Product (GNP) includes –
(a) Sustainable economic development
(b) Equitable distribution of benefits
(c) Promotes economic welfare
(d) All of these

Net income from abroad includes
(a) Difference between export value and import value (X-M)
(b) Difference between receipts and payments made abroad (R-P)
(c) Difference between value of raw material and final goods
(d) None of these

Legal monopoly is recognized by –
(a) Legal provision
(b) Trade Mark
(c) License
(d) Copyright

The demand curve slopes downward.
(a) Inverse relationship between price quantity demanded
(b) from left to right
(c) from right to left
(d) Direct relationship quantity demanded

When slight change in price brings infinite change in demand, then ……………..

………….. is a primary function of commercial banks.