B Elasticity of Demand — Economics STD 12 Commerce / Arts — Question

International or External trade takes place between –
(a) two or more districts
(b) two or more states
(c) two or more countries
(d) none of these

While measuring National Income value of ……………….
(a) all goods and services are considered
(b) final goods and services are considered
(c) only intermediate goods are considered
(d) none of these

Statements incorrect with reference to A.C. Pigou definition –
(a) National income means national dividend
(b) Objective income of the community
(c) Income from abroad does not include
(d) Income from abroad in money term

Blood donation is an example of –
(a) place utility
(b) knowledge utility
(c) service utility
(d) form utility

Increase in supply is shown by

Statement related to reservation price are

(A) : Money market economizes use of cash
Reasoning (R) : Money market deals with financial instruments that are close substitutes of money

Types of imperfect market are –
(a) Monopoly
(b) Oligopoly
(c) Monopolistic Competition
(d) Perfect Competition

Money Market is a market for lending and borrowing of ………….. funds.

According to National Income Committee, NI is ………………….
(a) volume of goods and services
(b) produce in one year
(c) goods and services counted without duplication
(d) all of these