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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