Money Market and Capital Market in India — Economics STD 12 Commerce / Arts — Question

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

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

Want satisfying power of a commodity is called –
(a) usefulness
(b) satisfaction
(c) happiness
(d) utility

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

In recent years India’s leading trading partners are –
(a) USA, Germany, Japan, UK
(b) Britain
(c) Nepal, Sri Lanka, UK
(d) None of these

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

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

Demand for cosmetics is ……………..

Determinants of supply are …………………..