1.Consider the following statements. 1. Budget line consists of all bundles which cost exactly equal to the consumer’s income. 2. Budget set is the collection of all bundles that the consumer can buy with her income at the prevailing market prices. Which of the above statement is/are correct?
2.‘Zero price elasticity’ of demand means
3.If there is a decrease in demand and increase in supply then equilibrium price
4.Consider the following statements. 1. Total utility is the aggregate of satisfaction or utility that a consumer derives from the consumption of multiple units of a specific commodity. 2. Marginal utility is the change in the total utility of a commodity due to the consumption of an additional unit of a commodity. Which of the statements given above is/are correct?
5.How does investment in human capital contribute to growth of economy? 1. Raises social justice 2. Raises Incremental capital output ratio 3. Raises Life Expectancy 4. Creates knowledge based economy Select the correct answer using the codes given below:
6.Which of the following measures can help to reduce unemployment in a country within a very short period of time?
7.Which of the following comes under primary sector of an economy?
8.At the end of upper Palaeolithic age, human beings in India started to move to new areas and this led to development of a new Stone Age culture called as Mesolithic age. Which of the following made it easy for human beings to move from old areas to new areas at the end of upper Palaeolithic age?
9.With reference to Bhakti and Sufi movements, consider the following statements 1. Bhakti movement was originated in South India whereas Sufi movement started in North India. 2. Both criticized religious fundamentalist ideas of orthodox sects of their respective religions 3. Both believed in salvation through intense devotion and love for God Which of the above statements is/are correct?
10.Consider the following statements 1. Bhimbetka caves contains paintings from both paleolithic and mesolithic periods 2. Unlike other sites, in Belan valley the Neolithic culture was succeeded by the Mesolithic culture Which of the above statements is/are correct?
