Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

A deficit budget in one where the estimate revenue is ______ than the estimated expenditure.

Lack of resources gives rise to the problem of __________ .

Fiscal deficit is always equal to_________.

Under Perfect Competition market, firm is a ________.

_________ refers to a set of indifference curves placed together in a diagram.

____________ is a table which shows the quantity demanded of a commodity at various prices.

Fill in the blanks with correct answers.
Two components of money supply are ________ and ________.

Average revenue and marginal revenue curves have ________ slope under monopoly market.

___________ refers to the maximum price of a commodity lower than equilibrium price at which the seller can legally sell their product.

In India, the Constitution requires the Central Government to prepare 'Annual Financial Statement', i.e. government budget for the country as a whole. In India, ________ department of government prepares annual budget statement.

1. RBI.
2. income tax.
3. accounts.
4. finance.