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In case of perfect competition, AR curve is:
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Identify the correctly matched pair in Column A and Column B from the following:
| Column A | Column B | ||
| (1) | India should create more employment opportunities | (a) | Normative Economics |
| (2) | Unemployment | (b) | Microeconomics |
| (3) | Price behavior | (c) | Macroeconomics |
| (4) | Government-provided healthcare increases public expenditure. | (d) | Normative Economics |
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Identify the phase in which TP increases at an increasing rate and MP also increases.
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If MPC = 1, the value of the multiplier is ______
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The formula of investment multiplier in terms of MPS is (1)
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The value of multiplier is ______
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Which of the following statements is true?
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From the set of events/systems given in column A and the corresponding relevant fact given in column B, about China, choose the correct pair of statements:
| column A | column B |
| (1) Shift in the Demand Curve | (a) Increase in quantity demanded |
| (2) Movement along the demand curve | (b) Increase in price |
| (3) Shift in the Demand Curve | (c) Decrease in price |
| (4) Movement along the demand curve | (d) Snob effect |
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Identify the correctly matched items from Column A to that of Column B:
| Column A | Column B | ||
| 1 | Issue of New Currency Notes | (a) | Government of India |
| 2 | Banker to the Government | (b) | State Bank of India |
| 3 | Controller of Credit | (c) | Reserve Bank of India |
| 4 | SLR | (d) | Development Bank |
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Choose the correct answer from given options.
The expenditure on a good would change in the opposite direction as the price changes only when demand is ______
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If quantity supplied increases by 60% due to a 50% increase in price, then elasticity of supply is ______
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Identify the correct pair of items from the following Columns I and II:
| Columns I | Columns II |
| (1) Perfectly elastic supply | (a) Es > 1 |
| (2) Perfectly inelastic supply | (b) Es < 1 |
| (3) Unitary elastic supply | (c) Es = 1 |
| (4) Relatively elastic supply | (d) Es = 0 |
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If a good takes up a significant share of consumers' budget, its demand will be ______.
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Elasticity of the demand is available when:
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What will be the effect on price elasticity of demand, if the time required to find the substitute product is more.
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Assertion (A): The elastic demand curve for luxuries is flatter than normal.
Reason (R): The coefficient of Elasticity ranges between 0 and 1.
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Identify the correctly matched pair from the items in Column A by matching them to the items in column B:
| Column A | Column B |
| 1. Increase or decrease in demand for a commodity does not cause any change in its price. | (a) Effect on supply, in the case of Perfectly Elastic Demand. |
| 2. Increase or decrease in demand causes a change in the price of the commodity. Equilibrium quantity remains constant. | (b) Effect on demand, in the case of Perfectly Inelastic Supply. |
| 3. Increase or decrease in demand cause a change in the price of the commodity. Equilibrium quantity remains constant. | (c) Effect on demand, in the case of Perfectly Elastic Supply. |
| 4. Increase or decrease in demand for a commodity does not cause any change in its price. | (d) Effect on supply, in the case of Perfectly Elastic Demand. |
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Identify the correctly matched pair from the items in Column A by matching them to the items in Column B:
| Column A | Column B | ||
| 1 | Relatively Inelastic Demand | (a) | ed > 1 |
| 2 | Relatively Elastic Demand | (b) | ed < 1 |
| 3 | Perfectly Inelastic Demand | (c) | ed = 0 |
| 4 | Perfectly Elastic Demand | (d) | ed = 1 |
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Which of the following statements is not correct regarding Excess Demand?
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Cut in Repo rate by RBI is likely to ______ the demand for goods and services in the economy.
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