Indian Economy Multiple Choice Questions and Answers - 2

Question: 6

The supply is _____ in the market period.

(A) Variable

(B) Less

(C) Changed

(D) Fixed

Ans: D

Fixed

Question: 7

Increase in demand is partially met by the increase in supply in _____ period

(A) Long period

(B) Short period

(C) Very long period

(D) Market period

Ans: B

Short period

Question: 8

_____ utility is created due to transfer of ownership from one person to another person.

(A) Form

(B) Place

(C) Time

(D) Possession

Ans: D

Possession

Question: 9

There are _____ kinds of internal economics.

(A) 2

(B) 3

(C) 4

(D) 5

Ans: D

5

Question: 10

Indifference curve approach is based on _____ ranking

(A) Subjective

(B) Psychological

(C) Cardinal

(D) Ordinal

Ans: D

Ordinal

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