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

Interest payments are subtracted from which deficit to arrive at Primary Deficit:

1. Revenue Deficit.
2. Capital Deficit.
3. Fiscal Deficit.
4. None of these.

From the following, in which market, there is a free entry and exit of firms?

1. Monopoly and oligopoly.
2. Monopolistic competition and monopoly.
3. Perfect competition and oligopoly.
4. Perfect competition and monopolistic competition.

Choose the correct alternative.
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.

1. Zero.
2. Unity.
3. More than one.
4. Less than one.

Bank creates credit:

1. On the basis of their securities.
2. On the basis of their total assets.
3. On the basis of their cash deposits.
4. On the basis of their gross liabilities.

When same quantity is supplied at a higher price, it shows:

1. Contraction in supply.
2. Decrease in supply.
3. Expansion in supply.
4. Increase in supply.

In monopolistic competition the goods are.

1. Durable.
2. Differentiated.
3. Heterogeneous.
4. Homogeneous.

Budget is placed before:

1. Lok Sabha.
2. Rajya Sabha.
3. Both Lok Sabha and Rajya Sabha.
4. Parliament.

If in a oligopoly, the fir1ms are selling homogeneous products, then the oligopoly firm is called:

1. Pure competition.
2. Pure oligopoly.
3. Monopoly.
4. Duopoly.

The consumer is in equilibrium at a point where the budget line

1. Is above an indifference curve.
2. Is below an indifference curve.
3. Is tangent to an indifference curve.
4. Cuts an indifference curve.