Supply Analysis — Economics STD 12 Commerce / Arts — Question

Variation in Demand.
(a) Change in Price
(b) Change in quantity demanded
(c) Change in other factors
(d) No change in other factors

Choose the right group of pairs :

Group ‘A’	Group ‘B’
(1) Budget	(a) Simplifying tax system
(2) Financial administration	(b) Use of foreign currency
(3) External debt	(c) Annual financial statement
(4) GST	(d) Implementation of revenue

Choose the correct pair:

Statement related to reservation price are

Before independence, India was exporting raw materials to –
(a) USA (b) Japan
(c) England (Britain)
(d) None of these

Statements that are incorrect in relation to index numbers.
a) Index number is a geographical tool.
b) Index numbers measure changes in the air pressure.
c) Index numbers measure relative changes in an economic variable.
d) Index numbers are specialized averages.

Statements related to limitations of index numbers.
a) Index numbers are not completely reliable.
b) There may be a bias in the data collected.
c) Every formula has sorne kind of defect.
d) Index numbers ignore changes in the qualities of products.

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

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

Indirect demand.
(a) Machinery
(b) Sugar
(c) Labour
(d) Capital