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Demand and Supply

Q.101) A fall in demand or rise in supply of a commodity-

(A) increases the price of that commodity

(B) decrease the price of that commodity

(C) neutralises the changes in the price

(D) determines the price elasticity

Q.102) The law of Demand expresses -

(A) Effect of change in price of a commodity on its demand

(B) Effect of change in price of a commodity on its price

(C) Effect of change in price of a commodity over the supply of its substitute

(D) None of the above

Q.103) The demand curve for a Giffen good is-

(A) Upward rising

(B) Downward falling

(C) Parallal to the quantity axis

(D) parallel to the price axis

Q.104) The supply of agricultural products is generally-

(A) Elastic

(B) Inealastic

(C) Perfectly elastic

(D) Perfectly inelastic

Q.105) All of the goods which are scarce and limited in supply are called-

(A) Luxury goods

(B) Expensive goods

(C) Capital goods

(D) Economic goods

Q.106) Engel's Law states the relationship between-

(A) Quantity demanded and price of a commodity

(B) Quantity demanded and price of substitutes

(C) Quantity demanded and tastes of the consumers

(D) Quantity demanded and income of the consumers

ਜੇਕਰ ਤੁਸੀ ਕਿਸੇ ਵੀ ਸਰਕਾਰੀ ਨੌਕਰੀ ਬਾਰੇ ਜਾਣਕਾਰੀ ਲੈਣਾ ਚਾਹੁੰਦੇ ਹੋ ਤਾ ਉੱਤੇ ਦਿੱਤੇ ਕੰਮੈਟ ਬਾਕਸ ਵਿੱਚ ਕੰਮੈਟ ਕਰ ਸਕਦੇ ਹੋ ਧੰਨਵਾਦ ਅਰਨ ਮਨੀ ਜੋਬਜ ਟੀਮ