Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

A Monopolist is a price:

1. Maker.
2. Taker.
3. Adjuster.
4. None of these.

Money is most liquid of all assets because ...... 

1. it includes shares and equities.
2. money itself is medium of exchange.
3. it does not have general acceptability.
4. it has many functions.

If budgetary deficit is nil and borrowings and other liabilities are 70 crore, what is the amount of fiscal deficit?

1. Nil.
2. 30 crore.
3. Can't say.
4. 70 crore.

Which one of the following cost curves is never 'U' shaped?

1. Average cost curve.
2. Marginal cost curve.
3. Average variable cost curve.
4. Average fixed cost curve.

Any statement about demand for a good is considered complete only when the following is/are mentioned in it.

1. Price of the good.
2. Quantity of the good.
3. Period of time.
4. All of the above.

PPC can effectively explain the central problem of:

1. What to produce
2. How to produce
3. Economic growth
4. All of the above

The central bank can increase availability of credit by:

1. Raising repo rate.
2. Raising reverse repo rate.
3. Buying government securities.
4. Selling government securities.

Contraction of demand is the result of:

1. Decrease in the number of consumers.
2. Increase in the price of goods concerned.
3. Increase in the prices of other goods.
4. Decrease in the income of purchasers.

Expansion in supply refers to a situation when the producers are willing to supply a:

1. Larger quantity of the commodity at an increased price.
2. Larger quantity of the commodity due to increased taxation on that commodity.
3. Larger quantity of the commodity at the same price.
4. Larger quantity of the commodity at the decreased price.

A government shows a primary deficit of 10,000 crore. The revenue expenditure on interest payment is 8000 crore. How much is the fiscal deficit?

1. 8000 crore.
2. 18000 crore.
3. 1000 crore.
4. 8000 crore.