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Economic Analysis

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Primary function of marketing includes-------------

a)

Procurement

b)

Transport

c)

Storage

d)

Banking

2.

Knowledge of marketable surplus helps the -----------------

a)

Farming population

b)

Non-farming

c)

Both a and b

d)

Neither a nor b

3.

Secondary function of marketing includes -------------------

a)

Assembling

b)

Grading

c)

Insurance

d)

Banking

4.

All the following have positive relationship with marketable surplus except ?

a)

Size of family

b)

Size of holding

c)

Quantity of production

d)

A and B

5.

Inferior goods are those for which demand increases as ------------

a)

Income decreases

b)

Income increases

c)

The price of a substitute rises

d)

The price of a substitute falls

6.

The law of demand implies that demand curves -------------------

a)

Shift leftward whenever the price rises

b)

Shift rightward whenever the price rises

c)

Slope down

d)

Slope up

7.

Price spread will be the least in marketing of ?

a)

Rice

b)

Milk

c)

Green leaves

d)

Coconut

8.

Tariffication of all non - tariff barriers is related to ?

a)

Market access commitment

b)

Aggregate measure of support

c)

Export subsidiary

d)

TRIPS

9.

Quality of agricultural commodities is ensured by

a)

AGMARK

b)

ISI

c)

BSI

d)

ISO

10.

Cooperative marketing was not successful in India except ?

a)

Cotton

b)

Edible oil

c)

Milk

d)

Pulses

11.

Converting groundnuts into oil creates -----------

a)

Place utility

b)

Form utility

c)

Time utility

d)

Possession utility

12.

Cotton corporation of India was established during the year ?

a)

1995

b)

1965

c)

1970

d)

1975

13.

In duopoly market there will be ?

a)

One buyer

b)

Two sellers

c)

One seller

d)

Two buyers

14.

Which of the following is an imperfect market

a)

Monopoly

b)

Oligopoly

c)

Both a and b

d)

None of these

15.

Producers operating in monopolistically competitive markets are likely to be ------------

a)

Operate independently

b)

Price takers

c)

Productively efficient in the long run

d)

Make super normal profits in the long run

16.

The company is able to respond customers by customizing market offering on one to one basis is classified as -----------------

a)

Mass customization

b)

Individual empowerment

c)

Super segments

d)

Customaries

17.

To prevent a firm shutting down in the short run it must -----------------

a)

Ensures that it 'breaks even'

b)

Only cover fixed costs

c)

Only cover variable costs

d)

Covers both fixed and variable costs

18.

Globalization of Indian economy was initiated in the year ?

a)

1981

b)

1985

c)

1991

d)

1995

19.

Marketable surplus will be less in case of ---------------------

a)

Rice

b)

Sugarcane

c)

Cotton

d)

Tomato

20.

Marketable surplus will be more in case of ----------------

a)

Rice

b)

Jowar

c)

Cotton

d)

Gram