Advertisements
Advertisements
Identify and explain the concept from the given illustration:
India sold wheat to Malaysia.
Concept: undefined >> undefined
Study the following table and answer the questions:
| Price of Ice Cream (₹) | Quantity Supplied | Market Supply | ||
| Seller A | Seller B | Seller C | (A + B + C) | |
| 50 | 0 | 2 | 5 | 7 |
| 100 | 1 | `square` | 10 | 15 |
| 150 | `square` | 6 | 15 | 23 |
| 200 | 3 | 8 | 20 | `square` |
| 250 | 4 | 10 | `square` | 39 |
Questions:
- Complete the above table.
- State whether the following statements are True or False.
(a) Market supply has a direct relation to price.
(b) As the price rises from ₹50 to ₹250, market supply rises from 7 to 39. This indicates an increase in supply.
Concept: undefined >> undefined
Advertisements
Study the following diagram and answer the questions:
Questions:
- In which direction does the demand curve slope?
- What is the reason for the fall in demand of rice from Q0 to Q1?
Concept: undefined >> undefined
During depression _____________ budget is preferable. (balanced/surplus deficit/zero)
Concept: undefined >> undefined
Distinguish between the following
Revenue budget and Capital budget.
Concept: undefined >> undefined
Explain the types of a government budget.
Concept: undefined >> undefined
Explain with reason whether you ‘agree’ or ‘disagree’ with the following statement:
The law of 'diminishing marginal utility' is important in the practice?
Concept: undefined >> undefined
Match the following:
| Group ‘A’ | Group ‘B’ | ||
| a) | Marginal utility | 1) | Price Discrimination |
| b) | Medicines | 2) | Legal tender money |
| c) | Monopoly | 3) | Government bank |
| d) | Currency Notes | 4) | Utility from last unit. |
| e) | Central Bank | 5) | Inelastic demand |
| 6) | Commercial bank | ||
| 7) | Utility of all units | ||
| 8) | Elastic demand |
Concept: undefined >> undefined
Write explanatory note.
Components of Government budget.
Concept: undefined >> undefined
Explain any four exceptions of the law of Diminishing marginal utility.
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement.
When government expenditure is greater than government revenue, it is called Surplus Budget.
Concept: undefined >> undefined
Statements that highlight the significance of index numbers.
- Index numbers are useful for making future predictions.
- Index numbers help in the measurement of inflation.
- Index numbers help to frame suitable policies.
- Index numbers can be misused.
Concept: undefined >> undefined
In the law of diminishing marginal utility, Alfred Marshall assumes that the marginal utility of money ______.
Concept: undefined >> undefined
As per the law of diminishing marginal utility, the measurement of utility is assumed to be _____.
Concept: undefined >> undefined
When MU is falling, TU is ______.
Concept: undefined >> undefined
Explain the significance of index numbers in economics.
Concept: undefined >> undefined
Explain various reasons for the growth of public expenditure.
Concept: undefined >> undefined
Distinguish between:
Demand deposit and Time deposit
Concept: undefined >> undefined
Choose the correct option:
The role of foreign trade is:
- To earn foreign exchange
- To encourage investment
- Lead to the division of labour
- Bring change in the composition of exports
Concept: undefined >> undefined
State with reason whether you agree or disagree with the following statement:
Foreign trade leads to division of labour and specialization at world level.
Concept: undefined >> undefined
