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सही उत्तर देखने के लिए प्रश्न पर क्लिक करें
Paper 2 Economics Part 1
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Paper 1 All questions 2 Marks each
- Navdeep Kaur
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Question 1 of 30
1. Question
2 pointsCategory: Economics“Assertion: Economic activities are those activities which is performed to earn livelihood .
Reason: Economic activities include production, consumption, distribution etc.
Choose the correct option from the following codes.
“”जोर: आर्थिक गतिविधियां वे गतिविधियां हैं जो आजीविका कमाने के लिए की जाती हैं।
कारण: आर्थिक गतिविधियों में उत्पादन, उपभोग, वितरण आदि शामिल हैं।
निम्नलिखित कोड से सही विकल्प चुनें।”””Correct
“All the activities related to production , exchange , consumption is treated as economic activities as it helps an individual to earn his livelihood.
In economy activities are divided into
Economic and non economic activities. Activites performed out of love and respect are non economic activity .
Example food prepared by mother.”Incorrect
“All the activities related to production , exchange , consumption is treated as economic activities as it helps an individual to earn his livelihood.
In economy activities are divided into
Economic and non economic activities. Activites performed out of love and respect are non economic activity .
Example food prepared by mother.” -
Question 2 of 30
2. Question
2 points“A. Normative economics examines real economic events from moral view whether these events are desirable or not. It tells us about the economy which is desirable.
B. Positive economics is concerned with the facts as they exist.
“”ए। सामान्य अर्थशास्त्र नैतिक दृष्टिकोण से वास्तविक आर्थिक घटनाओं की जांच करता है कि क्या ये घटनाएं वांछनीय हैं या नहीं। यह हमें उस अर्थव्यवस्था के बारे में बताती है जो वांछनीय है।
B. सकारात्मक अर्थशास्त्र तथ्यों से संबंधित है क्योंकि वे मौजूद हैं।
“””Correct
Incorrect
-
Question 3 of 30
3. Question
2 points“Production possibility curve has following characteristics. Choose the correct option
1.It is always convex to origin .
2. It slopes downward due to MRT ie marginal rate of transformation.
“”उत्पादन संभावना वक्र में निम्नलिखित विशेषताएं हैं। सही विकल्प चुनें
1. यह हमेशा उत्तल होता है।
2. यह MRT यानी परिवर्तन की सीमांत दर के कारण नीचे की ओर ढलान है।
“””Correct
Incorrect
-
Question 4 of 30
4. Question
2 points“Central problem of an economy arises because of
A. Economic resources are limited.
2. Human needs are limited
3. Resources have limited use
which option is correct from above options.
“”अर्थव्यवस्था की केंद्रीय समस्या के कारण उत्पन्न होती है
A. आर्थिक संसाधन सीमित हैं।
2. मानव की जरूरतें सीमित हैं
3. संसाधनों का सीमित उपयोग है
उपरोक्त विकल्पों में से कौन सा विकल्प सही है।
“””Correct
as human wants are unlimited it creates problem of choosing what to produce and also because resources are limited and have limited use
Incorrect
as human wants are unlimited it creates problem of choosing what to produce and also because resources are limited and have limited use
-
Question 5 of 30
5. Question
2 points“1.The main focus in microeconomics is maximization of social welfare .
2. The main focus on macroeconomics is maximization of individual gains.
1. सूक्ष्मअर्थशास्त्र में मुख्य फोकस सामाजिक कल्याण का अधिकतमकरण है।2. मैक्रोइकॉनॉमिक्स पर मुख्य फोकस व्यक्तिगत लाभ का अधिकतमकरण है।
“””Correct
Microeconomics deals with individual variables as its main focus is on the welfare of the individual interest maximization like individual producer profit or consumer surplus while macroeconomics deals with the wider scope like a country thus focus on social welfare.
Incorrect
Microeconomics deals with individual variables as its main focus is on the welfare of the individual interest maximization like individual producer profit or consumer surplus while macroeconomics deals with the wider scope like a country thus focus on social welfare.
-
Question 6 of 30
6. Question
2 points“1. Opportunity cost for a commodity is the amount of other commodity forgone in order to produce the first.
2.It is the cost if the next best or second best opportunity forgone.
1. पहली वस्तु का उत्पादन करने के लिए एक कमोडिटी के लिए अवसर लागत अन्य कमोडिटी क्षमा की राशि है।2. यह लागत अगर अगले सबसे अच्छा या दूसरा सबसे अच्छा अवसर है।
“””Correct
both are correct as due to lack of resources available one has to choose between the alternatives and thus compare the opportunity cost of goods and the best and the commodity forgone cost known as opportunity cost.
Incorrect
both are correct as due to lack of resources available one has to choose between the alternatives and thus compare the opportunity cost of goods and the best and the commodity forgone cost known as opportunity cost.
-
Question 7 of 30
7. Question
2 points“1. There can be a shift in PPC curve in rightward and leftward direction .
2. The rightward shift is because of the increase in the productivity capacity of the economy for both the goods.
3. The leftward shift shows the decrease in the productivity capacity of economy thus reduces production of both commodities.
1. “”दाएं और बाएं दिशा में पीपीसी वक्र में बदलाव हो सकता है।2. सही माल दोनों वस्तुओं के लिए अर्थव्यवस्था की उत्पादकता क्षमता में वृद्धि के कारण है।
3. वामपंथी पारी अर्थव्यवस्था की उत्पादकता क्षमता में कमी को दर्शाती है और इस प्रकार दोनों वस्तुओं के उत्पादन में कमी आती है।
“””Correct
shift in ppc curve shows there is change in technology or resource capacity and that are affecting both te goods at the same time. it can be either increase or decrease.
Incorrect
shift in ppc curve shows there is change in technology or resource capacity and that are affecting both te goods at the same time. it can be either increase or decrease.
-
Question 8 of 30
8. Question
2 points“1. Rotation of PPC curve indicates there will be change in technology for both goods.
2. Rotation in PPC curve can be outward or inwards.
1. “”पीपीसी वक्र का घूर्णन इंगित करता है कि दोनों सामानों के लिए प्रौद्योगिकी में बदलाव होगा।2. पीपीसी वक्र में घुमाव बाहरी या अंदर की ओर हो सकता है।
“””Correct
PPC curve shows both shift as well as rotation.
Rotation implies there is a change in technology which is good for only 1 commodity.
If the increased technological good is for the goods shown on x axis there will b a shift in curve in only x axis .. and thus vice versa. but if there is any change in technology for both goods it will cause a shift in curve either leftward or rightward.Incorrect
PPC curve shows both shift as well as rotation.
Rotation implies there is a change in technology which is good for only 1 commodity.
If the increased technological good is for the goods shown on x axis there will b a shift in curve in only x axis .. and thus vice versa. but if there is any change in technology for both goods it will cause a shift in curve either leftward or rightward. -
Question 9 of 30
9. Question
2 points“1.PPC curve is a curve which shows various production with the help of limited resources and technology.
2. It is also known as PPF ie production possibility frontier Transformation curve.
1.PPC वक्र एक वक्र है जो सीमित संसाधनों और प्रौद्योगिकी की मदद से विभिन्न उत्पादन दिखाता है।2. इसे PPF यानी उत्पादन संभावना सीमा परिवर्तन वक्र के रूप में भी जाना जाता है।
“””Correct
Incorrect
-
Question 10 of 30
10. Question
2 points“1. If MRT is rising PPC is concave to the origin.
2. If MRT is constant PPC is sloping downward straight line.
3. If MRT is falling PPC is convex to origin.
1. यदि एमआरटी बढ़ रहा है तो पीपीसी मूल के लिए अवतल है।2. यदि MRT स्थिर है तो PPC सीधी रेखा से नीचे की ओर खिसक रहा है।
3. यदि MRT गिर रहा है तो PPC उत्तल है।
“””Correct
MRT can be calculated by dividing units of goods sacrificed by units of goods gained.
Incorrect
MRT can be calculated by dividing units of goods sacrificed by units of goods gained.
-
Question 11 of 30
11. Question
2 points“”” Make in India””appeal to the foreign investors by the Prime Minister of India to boost production capacity in India.
Effect on PPC
1 It will shift PPC curve leftward
2 it will shift PPC rightward
3. There will be no change in PPC CURVE.
“”मेक इन इंडिया”” भारत में प्रधान मंत्री द्वारा विदेशी निवेशकों से भारत में उत्पादन क्षमता बढ़ाने के लिए अपील की जाती है।पीपीसी पर प्रभाव
1 यह PPC वक्र को बाईं ओर शिफ्ट करेगा
2 यह पीपीसी को दाहिनी ओर शिफ्ट करेगा
3. PPC CURVE में कोई बदलाव नहीं होगा।
“””Correct
Make in India will boost up the production capacity of India thus causes a change in ppc curve
Incorrect
Make in India will boost up the production capacity of India thus causes a change in ppc curve
-
Question 12 of 30
12. Question
2 points“1.ordinal utility is that concept of utility that can be measured in terms of numbers like 2 ,4 etc.
2.The units of utility is utils while cardinal utility cannot be measured in numerical data thus it shows the ranking of preferred bundles .
1. “”आंत्र उपयोगिता, उपयोगिता की अवधारणा है जिसे 2, 4 आदि की संख्या के संदर्भ में मापा जा सकता है।2. उपयोगिता की इकाइयां बर्तन हैं जबकि कार्डिनल उपयोगिता को संख्यात्मक डेटा में नहीं मापा जा सकता है, इसलिए यह पसंदीदा बंडलों की रैंकिंग दिखाता है।
“””Correct
cardinal utility deals with numbers while ordinal ranking in order of preference form the sets of most preferred to least preferred bundles
Incorrect
cardinal utility deals with numbers while ordinal ranking in order of preference form the sets of most preferred to least preferred bundles
-
Question 13 of 30
13. Question
2 points“Total utility is
a . the sum of marginal utilities
b. utility from first unit multiplied by no of units consumed
c. always increasing.
d. utility from last unit multiplied by no of units consumed
“”कुल उपयोगिता है
ए । सीमांत उपयोगिताओं का योग
ख। पहली इकाई की उपयोगिता उपभोग की गई इकाइयों की संख्या से कई गुना अधिक है
सी। हमेशा बढ़ता रहा।
घ। पिछली इकाई की उपयोगिता उपभोग की गई इकाइयों की संख्या से कई गुना अधिक है
“””Correct
TU is the sum total sum of marginal utilities derived from consumption of all units of a commodity.
Incorrect
TU is the sum total sum of marginal utilities derived from consumption of all units of a commodity.
-
Question 14 of 30
14. Question
2 points“1. Indifference curve shows the different combinations of two goods each combination shows same level of satisfaction.
2. IC curve is downwards to the left to right
3. It is concave to origin
4. A highly indifferent curve represents a higher level of satisfaction.
5. It is based on cardinal approach.
6. IC never touches each other and also not either touches axis.
choose the incorrect option.
1. उदासीनता वक्र दो सामग्रियों के विभिन्न संयोजनों को दिखाता है प्रत्येक संयोजन संतुष्टि के समान स्तर को दर्शाता है।2. आईसी वक्र बाईं ओर से दाईं ओर नीचे की ओर है
3. यह उद्गम के लिए अवतल है
4. एक अत्यधिक उदासीन वक्र संतुष्टि के उच्च स्तर का प्रतिनिधित्व करता है।
5. यह कार्डिनल दृष्टिकोण पर आधारित है।
6. IC कभी भी एक दूसरे को नहीं छूती है और अक्ष को भी नहीं छूती है।
गलत विकल्प चुनें।
“””Correct
Indifference curve shows the various combinations of goods offering same level of satisfaction and thus is based on ordinal approach if utility. and also it is convex to origin.
Incorrect
Indifference curve shows the various combinations of goods offering same level of satisfaction and thus is based on ordinal approach if utility. and also it is convex to origin.
-
Question 15 of 30
15. Question
2 points“Assertion: Indifference curve is downward sloping from left to right .
Reason: MRS ie marginal rate of substitution is falling
“”कथन: उदासीनता वक्र बाएं से दाएं की ओर झुकी हुई है।
कारण: एमआरएस यानी प्रतिस्थापन की सीमांत दर गिर रही है
“””Correct
slope of Indifference curve represents the rate of which a consumer is willing to exchange one commodity for other . it is also called MRS. it is because of this property it is convex to origin.
Incorrect
slope of Indifference curve represents the rate of which a consumer is willing to exchange one commodity for other . it is also called MRS. it is because of this property it is convex to origin.
-
Question 16 of 30
16. Question
2 points“Demand for a good is considered complete only when the following is /are mentioned in it.
अच्छे की माँग तभी पूर्ण मानी जाती है, जब उसमें निम्नलिखित का उल्लेख किया गया हो।”Correct
Demand of a good can be defined as the quantity of goods a consumer is willing to buy at the price given in the given period of time.
Incorrect
Demand of a good can be defined as the quantity of goods a consumer is willing to buy at the price given in the given period of time.
-
Question 17 of 30
17. Question
2 points“If due to fall in the price of good X, demand for goods Y rises the two goods are
अगर अच्छे एक्स की कीमत में गिरावट के कारण, माल की मांग बढ़ जाती है, तो दो सामान हैं “Correct
when price of one good leads to increase in the demand for another good .. the relation between two is complementary. for example if there is a decrease in price of petrol leads to an increase in demand of car as people will buy more no of car as its complementary good petrol is less in price.
Incorrect
when price of one good leads to increase in the demand for another good .. the relation between two is complementary. for example if there is a decrease in price of petrol leads to an increase in demand of car as people will buy more no of car as its complementary good petrol is less in price.
-
Question 18 of 30
18. Question
2 points“What is the difference between Increase in demand and Increase in quantity demanded.
मांग में वृद्धि और मांग की मात्रा में वृद्धि के बीच अंतर क्या है।”Correct
there is a change in own price can cause a change in quantity demanded. If there is a decrease in price of the own commodity it cause an increase in quantity demanded while if there is change in any determinants other than its own price cause increase or decrease in demand.
Incorrect
there is a change in own price can cause a change in quantity demanded. If there is a decrease in price of the own commodity it cause an increase in quantity demanded while if there is change in any determinants other than its own price cause increase or decrease in demand.
-
Question 19 of 30
19. Question
2 points“Change in quantity demand cause what change in demand curve?
मात्रा की मांग में बदलाव से मांग वक्र में क्या परिवर्तन होता है? “Correct
it is caused by change in own price of the commodity keeping other factors constant
it happens when at a lower price , more is demanded or at a higher price ; less is being demanded. digrammatically it cause a movement along demand curve ie upward and downward movement on same demand curve.Incorrect
it is caused by change in own price of the commodity keeping other factors constant
it happens when at a lower price , more is demanded or at a higher price ; less is being demanded. digrammatically it cause a movement along demand curve ie upward and downward movement on same demand curve. -
Question 20 of 30
20. Question
2 pointsWhat causes a leftward shift in demand curve? मांग वक्र में बाईं ओर क्या बदलाव होता है?
Correct
There is a leftward shift in demand curve which shows that there is a decrease in demand but it not because of increase in price of that commodity
demand decreases is because of any other determinants other than price.Incorrect
There is a leftward shift in demand curve which shows that there is a decrease in demand but it not because of increase in price of that commodity
demand decreases is because of any other determinants other than price. -
Question 21 of 30
21. Question
2 points“The demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in
व्यय दृष्टिकोण के माध्यम से मापा जाने पर एक वस्तु की मांग अयोग्य है। इसकी कीमत में गिरावट का नतीजा होगा”Correct
Expenditure method can be used to determine the elasticity of demand
when the change in price does not cause any change in total expenditure.. its elasticity of demand is unit elastic.
when the change is price is same as change in total expenditure its elasticity of demand is less than unit elastic or inelastic demand.
when change in price causes an opposite change in total expenditure its elasticity of demand is elastic or greater than unit elasticIncorrect
Expenditure method can be used to determine the elasticity of demand
when the change in price does not cause any change in total expenditure.. its elasticity of demand is unit elastic.
when the change is price is same as change in total expenditure its elasticity of demand is less than unit elastic or inelastic demand.
when change in price causes an opposite change in total expenditure its elasticity of demand is elastic or greater than unit elastic -
Question 22 of 30
22. Question
2 points“Which of the following statements are incorrect
निम्नलिखित में से कौन सा कथन गलत है”Correct
when TP is maximum MP becomes zero.
when TP starts falling MP becomes Negative
when MP falls but remains positive TP increasing at a diminishing rateIncorrect
when TP is maximum MP becomes zero.
when TP starts falling MP becomes Negative
when MP falls but remains positive TP increasing at a diminishing rate -
Question 23 of 30
23. Question
2 pointsWhich of the following statements regarding MC and AVC is correct ? MC और AVC के संबंध में निम्नलिखित में से कौन सा कथन सही है?
Correct
all of the above point is correct
Incorrect
all of the above point is correct
-
Question 24 of 30
24. Question
2 pointsGiven below is the cost schedule of a firm. Its Average Fixed Cost is Rupees 20. when its produces 3 units. Calculate its Marginal Cost and Average Total Cost at unit 3 . OUTPUT 1 2 3 नीचे दिए गए एक फर्म की लागत अनुसूची है। इसकी औसत निश्चित लागत 20 रुपए है। जब इसकी 3 इकाइयां बनती हैं। इकाई 3 पर इसकी सीमांत लागत और औसत कुल लागत की गणना करें। OUTPUT 1 2 3
Correct
when output is 3 units.. AFC is 20 rupees
TFC remains 60 for all units
so AFC is 60 for first unit
30 for second unit
20 for 3rd unit similarly we can calculate rest figures.Incorrect
when output is 3 units.. AFC is 20 rupees
TFC remains 60 for all units
so AFC is 60 for first unit
30 for second unit
20 for 3rd unit similarly we can calculate rest figures. -
Question 25 of 30
25. Question
2 pointsWhen a firm is running it’s own enterprises in self owned business ,its rent is treated as जब कोई फर्म स्वयं के स्वामित्व वाले व्यवसाय में अपना उद्यम चला रही होती है, तो उसका किराया माना जाता है
Correct
The cost of self owned and self employed resources is treated as implicit cost. Here no such outer payment is paid yet it is considered as implicit cost. And when those cash payments is paid to outsiders in terms of rent or wages or other cost is treated as explicit cost.
Incorrect
The cost of self owned and self employed resources is treated as implicit cost. Here no such outer payment is paid yet it is considered as implicit cost. And when those cash payments is paid to outsiders in terms of rent or wages or other cost is treated as explicit cost.
-
Question 26 of 30
26. Question
2 points“Assertion: AFC falls continously with the rise in the level of output however it never becomes zero.
Reason: As TFC is constant and always remains positive.
“”जोर: एएफसी उत्पादन के स्तर में वृद्धि के साथ लगातार गिरता है, हालांकि यह कभी शून्य नहीं होता है।कारण: जैसा कि TFC निरंतर है और हमेशा सकारात्मक रहता है।
“””Correct
Average fixed cost falls continously as it is obtained by dividing total fixed cost by the level of output. As TFC is constant and always remains positive thus AFC falls still never get zero as TFC cannot be zero
Incorrect
Average fixed cost falls continously as it is obtained by dividing total fixed cost by the level of output. As TFC is constant and always remains positive thus AFC falls still never get zero as TFC cannot be zero
-
Question 27 of 30
27. Question
2 pointsWhich of the following statements are correct? निम्नलिखित में से कौन सा कथन सही है?
Correct
as average cost falls even when marginal cost is rising as Mc cuts AC at its minimum point.
Incorrect
as average cost falls even when marginal cost is rising as Mc cuts AC at its minimum point.
-
Question 28 of 30
28. Question
2 points“Suppose Total revenue is rising at a constant rate as more and more units of a commodity are sold ,Marginal Revenue would be
मान लीजिए कि कुल राजस्व एक स्थिर दर से बढ़ रहा है क्योंकि एक वस्तु की अधिक से अधिक इकाइयां बेची जाती हैं, सीमांत राजस्व होगा”Correct
Total Revenue rises at a constant rate only if price is constant and because of this average Revenue equals to Marginal Revenue
Incorrect
Total Revenue rises at a constant rate only if price is constant and because of this average Revenue equals to Marginal Revenue
-
Question 29 of 30
29. Question
2 points“When 5 units of a good sold ,Total revenue is 100 rupees . When 6 units are sold, Marginal Revenue is ruppes 8. At what price are 6th unit sold?
जब एक अच्छी बिक्री की 5 इकाइयों, कुल राजस्व 100 रुपये है। जब 6 इकाइयाँ बेची जाती हैं, तो मार्जिनल रेवेन्यू बर्बाद होता है। 6 वीं यूनिट किस कीमत पर बेची जाती है?”Correct
TR at 6th unit is 100 + 8 = 108 , AR = T R / Q < br> AR = 108 /6 = 18 units
Incorrect
TR at 6th unit is 100 + 8 = 108 , AR = T R / Q < br> AR = 108 /6 = 18 units
-
Question 30 of 30
30. Question
2 points“The inverse relationship between price and quantity demanded is because of the following reasons except
मूल्य और मात्रा के बीच व्युत्क्रम संबंध की मांग निम्न कारणों के अलावा है “Correct
there is no such effect on demand . the size of production unit can not influence relationships between price and demand.
Demand curve is negatively sloped is because of following 5 reasons-
law of diminishing marginal utility
income effect
substitution effect
due to size of consumer group
different usesIncorrect
there is no such effect on demand . the size of production unit can not influence relationships between price and demand.
Demand curve is negatively sloped is because of following 5 reasons-
law of diminishing marginal utility
income effect
substitution effect
due to size of consumer group
different uses
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Leaderboard: Paper 2 Economics Part 1
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