Supply Analysis — Economics STD 12 Commerce / Arts — Question

Demand for essential commodities in life is …………..

(A) : Regional stock exchanges have witnessed a sharp decline in the volume of trade.
Reasoning (R) : Investors prefer to trade in securities listed in premier stock exchanges like BSE, NSE etc.

In economic sense, market includes following activities
a) The place where goods are sold and purchased.
b) An arrangement through which buyers and sellers come in close contact with each other directly or indirectly.
c) A shop where goods are sold.
d) All of the above.

The branch of economics that deals with the allocation of resources.
a) Microeconomics
b) Macroeconomics
c) Econometrics
d) None of these

Net addition made to the total revenue by selling an extra unit of a commodity is

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

Balance of trade includes –
(a) the value of imports of visible and invisible goods
(b) the value of imports of only visible goods
(c) the value of imports and exports of visible and invisible goods
(d) the value of exports of visible and invisible goods.

Reasons for growth in public expenditure.
(a) increase in the activities of the government
(b) rapid increase in population
(c) spread of democracy
(d) industrial development

Demand for a commodity from an individual consumer.
(a) Direct demand
(b) Market demand
(c) Individual demand
(d) Increase in demand

In case of necessary goods the income elasticity of demand is ………………..