Economics

What do you mean by the supply of goods?

• Stock available for sale

• Total stock in the warehouse

• The actual production of the goods

• Quantity of the goods offered for sale at a particular price per unit of time

Which of the following is the relation that the law of demand defines?

• Income and price of a commodity

• Price and quantity of a commodity

• Income and quantity demanded

• Quantity demanded and quantity supplied

What do you mean by the demand of a commodity?

• Desire for the commodity

• Need for the commodity

• Quantity demanded of that commodity

• Quantity that consumers are able and willing to buy at various prices during any particular period of time

What is the main economic problem faced by the society?

• Unemployment

• Inequality

• Poverty

• Scarcity

What does the law of demand mean?

• As the quantity demanded rises, the price rises

• As the price rises, the quantity demanded rises

• As the price rises, the quantity demanded falls

• As the supply rises, the demand rises

Macro Economics is also called as

• Theory of Money

• Theory of Income

• Theory of National Income

• Theory of Inflation

Price Theory is also known as

• Macro Economics

• Development Economics

• Public Economics

• Micro Economics

Cheap money means

• Low rates of interest

• Low level of Saving

• Low level of income

• Low level of standard of living

Compare to the rich the poor save

• A larger part of their income

• An equal part of their income

• A smaller part of their income

• All of their incomes

NABARDis associated with development f

• the agriculture sector and rurals areas

• heavy industries

• banking sectors

• real estates