Goods, wealth and welfare - class-XI
Description: goods, wealth and welfare | |
Number of Questions: 88 | |
Created by: Shankara Prabhu | |
Tags: introduction to microeconomics ancient indian economic concepts basic concepts in economics definition of economics fundamental concepts and terminologies story of a village economics basic concepts of economics |
Input tax credit is not available on ___________ ?
What is the consequence of non-return of semi-finished goods within the specified period?
Principal entitled for input tax credit on capital goods if sent for job work __________________________.
Transfer of Possession of Goods is ______________.
Suppose, one dealer has sent some goods to another dealer for Sales on Approval Basis. In absence of any confirmation even after 6 months, it will be treated as:
The factor which does not cause any increase in demand for Goods and Services is ______________.
Which is a not comfort want?
Which of the following is an economic good?
Choose the incorrect statement.
Which of the following comes under luxury want?
A refrigetor operating in a chemist shop is an example of ________.
Human wants are _______.
_______ refers to market where services of factors of production are brought and sold.
Goods which exhibit negative income-demand relationship are called ________.
________ refers to a market where goods and services are brought and sold.
The term EXIM stands for __________.
Which of these is/are the characteristic of human wants?
________ study the changes in the volume of goods.
Human Wants are?
"Means" refer to _______________.
Ends refer to _______________.
The Means for satisfying Wants are ________________.
An increase in the supply of a good is caused by.
The quantity supplied of a good or service is the amount that.
The way in which rational consumers allocate their expenditure on goods and service is best described by ___________.
A place or locality where goods are bought and sold is called a ____________.
There was increase in tax rate from 20% to 24% w.e.f. 1.6.2018. Which of the following rate is applicable when invoice was issued after change in rate of tax in June 2017 but payment received and goods supplied in April 2017 __________________.
Will the inputs and/or capital goods supplied from the job-worker's premises be considered for calculating the aggregate turnover of the job-worker?
Stock should include ____________________.
In case of low-level commodities, income effect is _____.
Which commodity can be called as Giffen goods?
Which of the following is not the characteristic of human wants?
Which of the following is not an intangible goods?
Consider the following statements:
Statement 1: Goods are those things which are tangible or intangible.
Statement 2: They satisfy human wants.
Which of the following are true?
Status Symbol Commodity is associated with the name of ___________.
All of the goods which are scarce and limited in supply are called _______.
Goods or services that are necessary for living are called ________.
Goods or services those are not necessary for living are ________.
Goods in the process of being produced but not yet completed as finished goods are called ______________.
EXIM was set up in ___________.
Which of these Industries falls in the category of Basic goods industry?
In economics goods includes material things which _______.
Wants that are related to consumption of goods and services is:
Wants can be satisfied by the consumption of __________ are economic wants.
Which of the following can be treated as a characteristic of economic wants?
1. Even if satisfied, the wants have a tendency to re-emerge.
2. With the passage of time, the wants tend to increase in number and in variety.
Select the correct answer from the options given below -
The "means" available for satisfaction of wants are ______________.
Human wants may be classified into ______________________.
Wants are ______________.
In deciding "What to produce", the economy should focus on the production of:
An economy which uses all its resources on production of _____________ , cannot provide for future growth prospects.
The issue of "for whom to produce" deals with __________..
The problem of "What to produce" covers the issue relating to:
Veblen good is ____________.
If Willingness to Save is higher, the level of ________ will be higher.
An inferior commodity is one which is consumed in smaller quantities when the income of consumer ________.
The supply of a good refers to the _________.
The goods which cannot be consumed more than once is known as________________.
If, as people's income increases, the quantity demanded for a good decreases, the good is called___________.
As per the concept of increasing marginal opportunity cost, under the PPF theory, it can be interpreted that to produce more units of good X, ____________ of good Y have to be sacrificed.
Excise duties are levied on _______________.
If India exports goods worth Rs.$20$ crores and imports goods worth Rs.$30$ crores, it will ________________.
When Price = Rs. 20, quantity is demanded 9 units, and when Price = Rs. 19, quantity demanded is 10 units. What is the Marginal Revenue resulting from an increase in output from 9 units to 10 units?
Which one of the following is incorrect?
"All that have got value are called wealth" is the statement of _____.
_____ is defined as "anything which is useful, directly or indirectly, for satisfying human wants".
Wealth can be classified as _____.
Wealth is _______________ welfare.
__________ defined economics as a "study of Economic welfare which is that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money".
Stock of both man made goods as well as natural, resources like capital is called____.
In economics, wealth is a ____________ concept.
Which of these indicate increase in welfare of the people?
This is an example for direct taxation ________________.
_____ is just one kind of _____.
Money has only _____ while it has no _____.
Wealth cannot be classified as __________.
_____ represents the stock of resources which help in producing goods or commodities, whereas _____ represents the flow of goods and services.
Wealth-tax was abolished with effect from ___________.
In economics wealth is the stock of all those material and immaterial objects which _______.
Adam Smith considered Economics as:
Which of these Economics did not consider Economics as Science of Wealth?
Which is the following is not correct? Economics is viewed as.
Who published "The Nature and causes of wealth of Nations"?
J B Say considered Economics as:
Goods that a country gets from other countries are called______.
If with the rise in price of good $Y$, demand for good $X$ rise, the two goods are: (Choose the coorect alternative)