White Wine Sauce Without Cream For Fish, Serta Blue Fusion 1000, Rice Paper Plant Indoors, Molybdenum In Plants, Molest Meaning In Urdu Dictionary, Dell Latitude 5400 I7, Mere Angne Mein Song Jacqueline Cast, New Haven To New York, Cracker Barrel Coupons Printable 2020, Eine Kleine Nachtmusik Piano Sheet Music Easy, " />
Brak

basic concepts of economics questions and answers

which are not concerned with an individual rather the economy as a whole. i. 1. Ans. They help to convert intermediate goods into finished goods. Give the meaning of capital goods. lucas tonton. They are the fixed assets of the producer, e.g. You should also check Basic Questions of General Awareness and Basic General Knowledge Questions for better practice of gk questions for competitive exams. these goods has certain life spam like car, A.C. etc. 3. Reason: A household purchases a car for consumption purpose, so it is an example of final goods. (Delhi 2011 c). Reason Offices buy computers as long-term durable products and are investment for them. (i) Expenditure on maintenance of an office building. (ii) A car purchased by a household — Final goods. (iii) Consumer goods Goods which are directly used for satisfaction of human wants and which are not used in production for other purpose are known as consumer goods, e.g. Give two examples of each. Ans. This post of Economics GK Questions for Competitive Exams is very very important. How does Managerial Economics Differ from Economics? (iii) Aggregate Demand (AD) It is the total demand of an economy including all the sectors at a given level of income during at a given period of time. For example, crockery, clothing etc. Academic year. (All India 2013). (Delhi 2011), Ans. ADVERTISEMENTS: Exam questions and answers on economics! Giving reasons, classify the following into intermediate products and final products. 3.Define consumption goods. (a) Final consumer goods These are the goods which are consumed by the consumers like milk, bread etc. A Cost and price B Demand and price C Economic goods and free goods Exam Question # Q.1. (i) Final consumer goods                               (ii) Final producer goods, 6.Giving reasons, classify the following into intermediate products and final products, (ii)Chalks, dusters, etc purchased by  school                                  (Delhi 2012). (ii) It facilitates international comparison. Study of small economic units such as individuals, firms, and industries (competitive markets, labor markets, personal decision making, etc.) Ans. Ans. Macroeconomics It studies economic problems at the level of an economy as a whole.It is concerned with the determination of aggregate output and general price level in which are not concerned with an individual rather the economy as a whole. 1. It is concerned with the determination of aggregate output and general price level in which are not concerned with an individual rather the economy as a … Giving reasons, classify the following into intermediate and final goods. 10. (Delhi 2012; All India 2010), Ans. 1. They helps to convert intermediate goods into finished goods. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. 2. Chapter 1 - economics basics - questions and answers. Expenditure on improvement of machine in a factory — Final expenditure. This is meant for further production in the form of services. For example, milk, vegetables etc. Ans. Practical question (Chapter 1 to 5) University. (ii) Mobile sets purchased by a mobile dealer — Intermediate products. Reason: Expenditure on improvement of machine in a factory is a kind of capital investment, so it should be considered as final expenditure. The goods, which have crossed the boundary line of production and are ready for use by their final users, known as final goods, e.g. 4.Define intermediate goods. (i) Computers installed in an office — Final product. (a) Durable goods These are those goods, which can be used several number of times for a considerable period of time. You can easily get 2-3 marks with the help of Economics GK Questions and answers for Competitive Exams. (d) Services It refers to the intangible items which cannot be seen however it can be felt. (iv) Capital goods The goods which are repeatedly used in the process of production. Importance of Macroeconomics "Capitalism" refers to: a. the use of markets b. government ownership of capital goods c. private ownership of capital goods d. private ownership of homes & cars 3. That’s why it is considered as intermediate products. Distinguish between intermediate and final goods. (c) Non-durable goods These are the goods which have a very short life span and mostly get exhausted in a single use. Reason: Schools buy furnitures for long-term use and it can be considered an investment. 7. Great Depression :The period from 1929 to 1933 is called the period of great depression. Course. NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, Periodic Classification of Elements Class 10, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10. 1. Please sign in or register to post comments. (All India 2010), Ans. (b) Final producer goods These are the goods which are consumed or used by the producers like machinery equipment etc. For example, services of a doctor, teacher etc. Reason: Expenditure on maintenance of office building is for production purpose. (ii)Mobile sets purchased by a mobile dealer. Ans. Scope of Macroeconomics Macroeconomics is the study of aggregates of the economy as a whole. (ii) Aggregate investment It refers to the total capital formation in the economy during an accounting year. Reason: A mobile dealer purchases mobile sets for reselling purpose. (i) Machine purchased by a dealer of machines — Intermediate goods, Reason: A dealer purchases machines for reselling purpose, so it is an example of intermediate goods. (v) Domestic income It is the income generated with in the domestic boundary of the country during an accounting year.

White Wine Sauce Without Cream For Fish, Serta Blue Fusion 1000, Rice Paper Plant Indoors, Molybdenum In Plants, Molest Meaning In Urdu Dictionary, Dell Latitude 5400 I7, Mere Angne Mein Song Jacqueline Cast, New Haven To New York, Cracker Barrel Coupons Printable 2020, Eine Kleine Nachtmusik Piano Sheet Music Easy,

Dodaj komentarz

Close
Close