Supply Analysis — Economics STD 12 Commerce / Arts — Question

Income method of measuring national income is the sum of …………………..
(a) Rent and profit
(b) Rent + Wages + Interest + Profit + MI + (X-M)
(c) C + I + G + (X-M)
(d) Interest + Wages

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

Change in Demand.
(a) Constant price
(b) Change in demand
(c) Changes in other factors
(d) Increase and Decrease in demand

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

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

In advance countries like USA and UK the ……………….. method of measuring NI is popular.
(a) Output Method / Product Method
(b) Income Method / Factor Cost Method
(c) Expenditure Method / Outlay Method
(d) None of these

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

Export trends of India’s foreign trade includes
a) Engineering goods
b) Gems and Jewellery
c) Textiles and ready-made garments
d) Gold

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

Mixed Income (MI) refers to the income of ………………….
(a) Private and public sector
(b) Self-employed persons
(c) Sale of second hand goods
(d) All of these