This online test contains MCQs about following topics:
Try the Economics Ics Part 1 English Medium Chapter 5 Online Test.
Total Questions20
Time Allowed30
Supply Vs Stock,law of Supply ,Changes in Supply,Elasticity of Supply
Ch. # | Test Name | MCQs Available | PDF File | Answers Mode | Launch Test |
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1 | Economics Ics Part 1 English Medium Online Test | 662 | Download PDF | MCQ Answers | Launch Test |
1 | Economics Ics Part 1 English Medium Chapter 1 Online Test | 66 | Download PDF | MCQ Answers | Launch Test |
2 | Economics Ics Part 1 English Medium Chapter 2 Online Test | 37 | Download PDF | MCQ Answers | Launch Test |
3 | Economics Ics Part 1 English Medium Chapter 3 Online Test | 38 | Download PDF | MCQ Answers | Launch Test |
4 | Economics Ics Part 1 English Medium Chapter 4 Online Test | 46 | Download PDF | MCQ Answers | Launch Test |
5 | Economics Ics Part 1 English Medium Chapter 5 Online Test | 41 | Download PDF | MCQ Answers | Launch Test |
6 | Economics Ics Part 1 English Medium Chapter 6 Online Test | 32 | Download PDF | MCQ Answers | Launch Test |
7 | Economics Ics Part 1 English Medium Chapter 7 Online Test | 36 | Download PDF | MCQ Answers | Launch Test |
8 | Economics Ics Part 1 English Medium Chapter 8 Online Test | 31 | Download PDF | MCQ Answers | Launch Test |
9 | Economics Ics Part 1 English Medium Chapter 9 Online Test | 24 | Download PDF | MCQ Answers | Launch Test |
10 | Economics Ics Part 1 English Medium Chapter 10 Online Test | 51 | Download PDF | MCQ Answers | Launch Test |
11 | Economics Ics Part 1 English Medium Chapter 11 Online Test | 40 | Download PDF | MCQ Answers | Launch Test |
12 | Economics Ics Part 1 English Medium Chapter 12 Online Test | 39 | Download PDF | MCQ Answers | Launch Test |
Sr. # | Questions | Answers Choice |
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1 | It describes the law of supply | supply curve supply schedule supply equation all the three |
2 | With a fall in the price of a Giffen good or inferior good its quantity demand will. | Fall Rise Remain unchanged None of three |
3 | The elasticity f demand in case of substitute is called. | Income elasticity of demand Priceelasticity of demand Crosselasticity of demand None of the three |
4 | If the price of a product increase from Rs. 12 per unit and as a consequence quantity demand of the product falls from 100 units to 50 units . The price elasticity of the product will be. | 2.5 0.5 1.5 3.5 |
5 | The quantities of a commodity offered for sale at different prices during a given period of time are called | Supply Demand Stock None of these |
6 | The price of a product double due to which its quantity demand falls to one half. The elasticity of demand for product will be: | Equal to unity Lass than unity Greater than unity Equal to zero |
7 | The composite demand for a product is generally: | Elastic Inelastic Equal to unity Equal to zero |
8 | Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called | Law of Supply Law of Demand Law of equilibrium None of these |
9 | Supply curve will shift when | price falls price rises demand shifts technology changes |
10 | The method to measure the elasticity of demand is : | Percentage method Total outlay approach Geometric approch All the three |