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Explain the relationship between total utility and marginal utility
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State with reason whether you agree or disagree with the following statement
When total utility is maximum, marginal utility is zero.
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State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
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Study the following table, figure, passage and answer the question below it:
| Units | Total Utility | Marginal Utility |
| 1. | 40 | ______ |
| 2. | 60 | 20 |
| 3. | 70 | 10 |
| 4. | ______ | 0 |
| 5. | 60 | -10 |
- Complete the table ______ (1m )
- When Total utility falls Marginal utility is_______ (1m)
- Draw total utility and marginal utility curve______ (2m)
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Give economic terms:
Additional utility derived by a consumer from an additional unit consumed.
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Assertion (A): Marginal utility (MU) goes on diminishing.
Reasoning (R): Total utility (TU) increases at a diminishing rate.
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Assertion and reasoning question:
- Assertion (A): The money market economises the use of cash.
- Reasoning (R): The money market does not deal with financial instruments that are close substitutes for money.
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Identify and explain the following concept.
Lucy deposited a Lump sum amount of ₹1,00,000/- in the Bonk of India for the period of one year.
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Study the following table, figure, and passage, and answer the questions given below it.
| Commercial banks act as intermediaries in the country's financial system to bring savers and investors together. They are profit-seeking financial institutions. Due to bank nationalisation in 1969, there was an increase in Loan disbursement in urban and rural areas. Agriculture and retail traders started getting more loons. Those sectors which were not getting Loons before 1969, started getting loons in post nationalisation period. After the nationalisation of the bank branch expansion took place. There has been diversification in the functions of banks. Commercial Banks are providing different types of services like safe deposit lockers, D-mat facilities, internet banking, mobile banking, etc. |
- Write any two benefits of bank nationalisation.
- Write various services provided by banks.
- Write your opinion about the above passage.
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Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
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Explain the functions of the commercial bank.
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Explain the functions of commercial bank.
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Constituents in the organised money market in India:
- Commercial banks
- Moneylenders
- Traders
- Discount and Finance House of India
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Complete the correlation:
X : Export : : ______ : Import
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State with reasons whether you agree or disagree with the following statement:
The elasticity of demand gets influenced by the nature of the commodity.
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Study the following table and answer the questions:
| Price of Pen (₹) | Demand for Pen |
| 10 | 500 |
| `square` | 400 |
| 30 | `square` |
| `square` | 200 |
| 50 | `square` |
Questions:
- Complete the above table.
- Which type of relationship is found between the price of a pen and demand for the pen?
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Find the odd word out:
Functions of commercial banks:
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Complete the correlation:
Demand deposits : Savings deposits : : Time deposits : ______.
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Complete the correlation:
Government securities market : Capital market : : Loan companies : ______.
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Give an economic term:
A debt instrument issued by a government with a promise of repayment at maturity.
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