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

GNP = C +1 + G + (X-M) + (R-P), R and P represents …………….
(b) R – receipts from abroad
(c) P – payments made abroad
(d) P – payments to government

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

How does purchasing power changes with the increase in price level?
(a) Remains unchanged
(b) Increases
(c) Decreases
(d) None of these

Assumptions for the law of Demand.
(a) Constant Income
(b) No change in taxation policy
(c) Change in tradition
(d) Stable population

Demand for cosmetics is ……………..

Trends shown by Public expenditure of any Government shows following trend.
a) Constant
b) Increasing
c) Decreasing
d) Fluctuating

Market demand.
(a) Aggregate demand
(b) Macro economics
(c) Micro economics
(d) Lumping method

National income is extremely useful for ……………..
(a) formulating national policies on employment, industry, etc.
(b) economic planning
(c) distribution of income
(d) all of these

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