Please select a subject first
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Identify and explain the concept from the given illustration:
ABC bank provides a Demat facility, safe deposit lockers, and internet banking facilities to its customers.
Concept: undefined >> undefined
Exceptions to the law of diminishing marginal utility:
- Cardinal measurement
- Hobbies
- Miser
- Money
Concept: undefined >> undefined
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Criticisms to the law of diminishing marginal utility:
- Based on unrealistic assumptions
- Not applicable to indivisible and bulky goods
- The law is restricted to satisfaction of a single want.
- In reality, cardinal measurement of utility not possible.
Concept: undefined >> undefined
Statements related to decrease in demand
- It is a type of change in demand
- It takes place due to unfavourable changes in other factors like tastes, income etc.
- Price remains constant
- Demand curve shifts to the right hand side of the original demand curve
Concept: undefined >> undefined
Find the odd word
Exception to law of Diminishing Marginal Utility -
Concept: undefined >> undefined
Assertion (A): MU curve slopes upwards.
Reasoning (R): MU goes on diminishing with every successive increase in the consumption of a commodity.
Concept: undefined >> undefined
Assertion (A): Under exceptional cases, demand curve has a positive slope.
Reasoning (R): In exceptional cases, consumer buys more when the price of a commodity rises and buys less when the price of commodity falls.
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
There are no exceptions to the law of diminishing marginal utility.
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement
Marginal utility curve slopes downwards.
Concept: undefined >> undefined
Assertion and reasoning question:
- Assertion (A): International trade leads to the division of labour and specialization.
- Reasoning (R): India's national trade is not increasing.
Concept: undefined >> undefined
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.
Concept: undefined >> undefined
State with reasons whether you agree or disagree with the following statement.
There are no exceptions to the law of diminishing marginal utility.
Concept: undefined >> undefined
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.
Concept: undefined >> undefined
Index numbers are very significant/important in economics.
Concept: undefined >> undefined
Explain the functions of commercial bank.
Concept: undefined >> undefined
Explain the functions of the commercial bank.
Concept: undefined >> undefined
Explain the functions of commercial bank.
Concept: undefined >> undefined
Find the odd word out:
Functions of commercial banks:
Concept: undefined >> undefined
Complete the correlation:
Demand deposits : Savings deposits : : Time deposits : ______.
Concept: undefined >> undefined
Explain why the demand curve slopes downwards.
Concept: undefined >> undefined
