Questions

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

Which of the following is not correct?

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

My tooth-brush is a thing that haunts me when I’m travelling, and ____________ my life a misery. I _____________ that I haven’t packed it, and wake up in a cold ________________, and get out of bed and hunt for it. And, in the morning, I pack it before I have used it, and have to unpack again to get it, and it is always the last thing I turn out of the bag; and _____________ I repack and forget it, and have to rush upstairs ___________ it at the last moment and carry it to the railway station, wrapped up in my pocket-handkerchief. Of course I had to turn every mortal thing out now, and, of course, I could not find it.

I _____________ that I haven’t packed it,

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

But what does this enthusiasm for voting actually _____________? One popular theory ____________ that poor people __________ because they are intimidated into doing so. Intimidation occurs for sure but why then, voters in places where there is no intimidation do so? Another theory is that people vote in return for _____________. But recent research across India _________ that those who spend the most do not always win elections and voters do not feel any obligation to vote for those handing out freebies. In fact, they often accept the goodies from allparties but vote for only one.

But recent research across India _________ that those who spend the most do not always win elections

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

to ______ and