Top 100+ TNPSC Indian Economy Objective Questions and Answers 2019-2020 - 3

Question: 11

Consumer surplus is _____

(A) Potential price+ Actual price

(B) Demand= Supply

(C) Potential price- Actual price

(D) None

Question: 12

Demand for a commodity depends on _____

(A) Income

(B) Price of related goods

(C) Price of that commodity

(D) All the above

Question: 13

The segment of a demand curve between two points is called _____ elasticity of demand.

(A) Relatively elastic

(B) Unitary elastic

(C) Perfectly elastic

(D) Perfectly inelastic

Question: 14

_____ is a general social science.

(A) Statistics

(B) Sociology

(C) Politics

(D) History

Question: 15

The basic force that drives the capitalist economy is _____

(A) Profit-motive

(B) Government

(C) Technology

(D) Planning