Q. 5734936. Given the price of other goods and the preferences of a consumer, if the income increases, the demand curve for normal goods shift ______ and demand curve for inferior goods shift ______.
(A) Leftward, rightward
(B) Rightward, leftward
(C) Leftward, leftward
(D) Rightward, rightward
Answer:
Explanation:
Q. 5734937. Which of the following are the properties of indifference curve.
A. Two IC’s can interact each other
B. Higher the IC, Higher the satisfaction
C. An IC can touch X-axis
D. Slope of IC is MRS
(A) A and C only
(B) C and D only
(C) A and B only
(D) B and D only
Answer:
Explanation:
Q. 5734938. Arrange the following in chronological order:
A. Planning commission
B. Industrial Policy Resolution, 1956
C. New Economic Policy
D. Karve Committee
(A) A, B, C, D
(B) B, A, D, C
(C) A, D, B, C
(D) C, D, A, B
Answer:
Explanation:
Q. 5734939. Which of the following is categorised as micro economics.
(A) Aggregate demand of consumers
(B) Inflation
(C) Goods purchased by a consumer
(D) Aggregate supply
Answer:
Explanation:
Q. 5734940. Match List I with List II
List I
A. Worker
B. Labour Force
C. Labour force participation rate
D. Jobless growth
List II
I. Increase in GDP without increase in employment
II. Ratio of labour force to total population
III. Involved in an economic activity
IV. All persons who are working or seeking and are available for work
(A) A-III, B-II, C-IV, D-I
(B) A-III, B-IV, C-II, D-I
(C) A-III, B-II, C-I, D-I
(D) A-II, B-III, C-IV, D-I
Answer:
Explanation: