Download App

Fundamental Concepts and Terminologies — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsFundamental Concepts and Terminologies1 Mark
MCQ
If a commodity has high use-value it does not necessarily mean it has
  • ✓
    High exchange value
  • B
    High price value
  • C
    High demand
  • D
    Both $(A)$ and $(C)$
✓

Answer

Correct option: A.
High exchange value

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ (1 Marks )" from Fundamental Concepts and Terminologies→Fundamental Concepts and Terminologies — all question types→Economics STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is the elasticity of demand for luxury goods?
→
When other factors are assumed constant and price varies, of supply takes place.
→
India took loan from to overcome the crisis of foreign exchange
→
Which factors are know as productive factor?
→
As per $\text{ICP}$ of $2011$, India was identified as the $.........$ country in the world.
→
When production is zero then which cost is positive?
→
How many numbers of sellers are there in monopoly market?
→
Clustered bar diagram is used when
→
Which economist wrote the book ‘Nature and Significance of Economics’ in $1931?$
→
In reality, most governments do not have $.........$ budgets.
→