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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Match the Pairs - Economics

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प्रश्न

  Group 'A'   Group 'B'
a. Pen and ink 1 Quantity-price
b. Revenue 2 Accident
c. Insurable risk 3 Transfer income
d. Unemployment allowance 4 Short period
e. Reverse repo rate 5 Long period
    6 Change in demand
    7 Joint demand
    8 Quantity * price

उत्तर

  Group 'A'   Group 'B'
a. Pen and ink 1  Joint demand
b. Revenue 2  Quantity * price
c. Insurable risk 3  Accident
d. Unemployment allowance 4  Transfer income
e. Reverse repo rate 5  Change in demand
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2014-2015 (March)

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व्हिडिओ ट्यूटोरियलVIEW ALL [3]

संबंधित प्रश्‍न

Demand for necessaries is................

(elastic / inelastic / infinitely elastic / unitary elastic)


Explain, with reasons, whether you Agree or Disagree with the following statement

There are no exceptions to the Law of Demand.


Demand curve and Supply curve.


Define demand. Name the factors affecting market demand.


When does ‘decrease’ in demand take place?


What is meant by inelastic demand?


Compare inelastic demand with perfectly inelastic demand.


Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.


Demand deposits include (choose the correct alternative)

(a) Saving account deposits and fixed deposits

(b) Saving account deposits and current account deposits

(c) Current account deposits and fixed deposits

(d) All types of deposits


State the factors leading to fall in demand by an individual consumer


State whether the following statement is True or False :

Demand for necessary goods is inelastic.


State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement: 

There are no exceptions to the law of Demand.


Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............


Write whether the following statement is True or False:

Demand curve has a positive slope.


fill in the blank with appropriate alternatives given in the bracket: 

 Demand for salt is ___________. 


Explain the following concepts or give definitions. 

Demand 


Match the following:
 

Group A
Group B
1. Demand and price
a. Substitute goods
2. Tea and coffee
b. Inverse relation
3. Inferior goods
c. Joint demand
4. Factors of production
d. Distribution of income
5. Pen and ink
e. Composite demand
 
f. Giffen goods
 
g. Indirect demand

State whether the following statement is TRUE and FALSE

Demand curve slopes upward from left to right.


State whether the following statement is TRUE and FALSE

Law of demand is explained by Prof. Robbins.


State whether the following statement is TRUE and FALSE

Individual demand is a demand by single buyer.


Define or explain the following concept:

Derived demand


Give reason or explain the following statement.

Demand for factors of production is derived demand.


Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.


State whether the following statement is True or False:

Demand for luxurious goods is elastic .


Answer the following question.
Discuss the relationship between the income of the consumer and demand for a commodity with respect to normal goods, inferior goods, and necessities.


Choose the correct answer from given options

In the given figure X1Y1 and X2Yare Production Possibility Curves in two different periods T1 and T2 respectively for Good X and Good Y. A1 and A2 represent actual outputs and P1 and Prepresent potential outputs respectively in the two times periods.

The change in actual output of Goods X and Y over the two periods would be represented by a movement from __________. 


In case of ______ supply curve is a vertical straight line parallel to Y-axis.


If the price of good X rises and it leads to an increase in demand for good Y, both are ______ goods.


Law of demand states the ______ relationship between price and quantity demanded.


Which of the following points are related to the 'Paradox of Thrift'? 


Identify the correct pair of items from the following Columns I and II:

Column I Column II
(1) Utility (a) Bread and butter
(2) Normal Goods (b) Rise in price
(3) Contraction in demand (c) Capacity of a commodity to satisfy human wants.
(4) Complementary goods (d) Positively related

If the increase in demand is greater than the increase in supply, then equilibrium price will ______


What will be the effect on equilibrium price and equilibrium quantity when income increases in case of normal goods?


Area under MC curve is equal to:


Which of the following statements is true?


Which of the following have elastic demand?


Aggregate demand can be decreased by:


Identify the market form which has indeterminate demand curve:


Read the following news report and answer the Q.97-Q.100 on the basis of the same:

The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain unchanged.

Assertion: The income of the consumers remains unchanged

Reason: Commodity should be a normal good.

Select the correct alternative from the following.


Read the following news report and answer the Q.97-Q.100 on the basis of the same:

The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain.

The price elasticity of demand for a good depends on ______ and ______ of the good.


Which of the following statement is true?


The demand curve of a firm under monopoly is ______


"Market demand curve is constructed by horizontally summing all the individual's demand curves at each and every price." Choose the correct option for the above-mentioned statement.


Which of the following statements is true?


If there is no change in the demand for commodity X, even after a rise in its price, then its demand is ______


Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

The demand for Coca-cola is ______ in the present times.


Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

The demand. for coca-cola has ______


Assertion (A): Demand deposits are not legal tenders.

Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.


The figure given below shows the relation between the quantity demanded for the good X and the price of the good Z. What type of goods are X and Z?


Read the passage given below and answer the questions that follow.

In India, Fixed deposits have long been a favourite investment choice of people, especially senior citizens, as it promise steady returns. It attracts those who are seeking a stable income. But it’s an illusion in the period of inflation.

Inflation is the rate at which the general level of prices for goods and services rises, subsequently eroding the purchasing power of money. In simple terms, what money could buy today might not a few years down the line. Fixed deposits are financial instruments offered by banks where you deposit a lump sum amount for a fixed period at a predetermined rate of interest. Consider an investment of Rs 1 crore in a fixed deposit at a 6% annual interest rate and the annual rate of inflation is 5%. By the 10th year your pre inflation return is 1.79 crore, but post inflation it’s just 1.10 crore. The nominal value of investment in fixed deposits may appear to grow, inflation significantly diminishes their real value and purchasing power over time.

  1. What is the theme of the extract?   (2)
  2. Differentiate between Demand pull and Cost push inflation.   (2)
  3. What are the demand deposits and time deposits?   (2)
  4. Since 1998 RBI has been using new measures of money supply, M0, M1, M2 and M3. Which one of these measures incorporates fixed deposit as one of its components? Mention the other components of that measure.   (2)

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