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State with reason whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Deepak decided to count how many times he had to travel by train in a period of one month.
Concept: undefined >> undefined
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Choose the correct pair:
| Group A | Group B |
| 1) Price Index | a) `(sump_1q_1)/(sump_0 q_0) × 100` |
| 2) Value Index | b) `(sumq_1)/(sumq_0) × 100` |
| 3) Quantity Index | c) `(sump_1q_1)/(sump_0 q_1) × 100` |
| 4) Paasche's Index | d) `(sump_1)/(sump_0) × 100` |
Concept: undefined >> undefined
Calculate the price index number for the given data.
| Commodity | A | B |
| Price in 2020 (₹) | 20 | 30 |
| Price in 2021 (₹) | 40 | 40 |
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
The quantity index number is one type of index number.
Concept: undefined >> undefined
Give an economic term:
An index number measuring the general changes in the prices of goods over a period of time.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Mihir prepared the share price index number.
Concept: undefined >> undefined
Study the following table and answer the questions:
| Price of Chocolate (₹) | Quantity Demanded | Market Demand | ||
| Consumer A | Consumer B | Consumer C | (A + B + C) | |
| 50 | 4 | 9 | 20 | 33 |
| 100 | 3 | `square` | 15 | 26 |
| 150 | `square` | 7 | 10 | 19 |
| 200 | 1 | 6 | 5 | `square` |
| 250 | 0 | 5 | `square` | 5 |
Questions:
- Complete the above table.
- State whether the following statements are True or False:
(a) As the price rises from ₹50 to ₹250, market demand falls from 33 to 5. This fall in market demand is known as the decrease in demand.
(b) There is an inverse relationship between price and market demand.
Concept: undefined >> undefined
Explain the meaning of the Price Index Number.
Concept: undefined >> undefined
Complete the correlation:
______ : Microeconomics : : Aggregate demand : Macroeconomics.
Concept: undefined >> undefined
Identify and explain the concept from the given illustration:
Pooja collected information regarding a change in the quantity of imports of India from 2019 to 2020 and prepared an index number.
Concept: undefined >> undefined
Explain the meaning and nature of public expenditure.
Concept: undefined >> undefined
When supply curve is upward-sloping, it’s slope is ______.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) |
`(sump1q1)/(sump0q0)xx100` |
| 2) | Value Index | b) | `(sumq1)/(sumq0)xx100` |
| 3) | Quantity Index | c) | `(sump1q1)/(sump0q1)xx100` |
| 4) | Paasche's Index | d) | `(sump1)/(sump0)xx100` |
Concept: undefined >> undefined
Trends shown by Public expenditure of any Government shows following trend.
- Constant
- Increasing
- Decreasing
- Fluctuating
Concept: undefined >> undefined
Give an economic term:
Deposits that are withdrawable on demand.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement.
There are many types of index numbers.
Concept: undefined >> undefined
Observe the following table and answer the questions given below it:
| Commodities | Prices in 2006 (in ₹) (Base Year) P0 | Prices in 2006 (in ₹) (Current Year) P1 |
| A | 20 | 30 |
| B | 30 | 45 |
| C | 40 | 60 |
| D | 50 | 75 |
| E | 60 | 90 |
Questions:
- Write the formula for calculation of price index.
- Find the value of ∑P0 and ∑P1.
- Find the price index P01.
Concept: undefined >> undefined
Choose the correct pair :
| Group A | Group B | ||
| 1) | Price Index | a) | `(sump_1q_1)/(sump_0q_0) xx 100` |
| 2) | Value Index | b) | `(sumq_1)/(sumq_0) xx 100` |
| 3) | Quantity Index | c) | `(sump_1q_1)/(sump_0q_1) xx 100` |
| 4) | Paasche's Index | d) | `(sump_1)/(sump_0) xx 100` |
Concept: undefined >> undefined
Trends shown by Public expenditure of any Government shows following trend.
- Constant
- Increasing
- Decreasing
- Fluctuating
Concept: undefined >> undefined
