1. Supply of a commodity is a: (a) Stock concept (b) A flow concept (c) Both (a) and (b) (d) None of the above. Ans:- ( b) 2. Consideration is synonymous with: (a) Task (b) Relations (c) Style (d) Altitude Ans:- (b) 3. UNO has the maximum dues on: (a) India (b) Mexico (c) USA (d) Japan Ans:- (c) 4. Put into chronological order on the basis of development: 1. Law of demand 2: Law of indifference 3. .Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve Codes: (a) 1, 2, 3, 4, 5 (b) 1, 5, 3, 4, 2 (c) 1, 3, 2, 5, 4 (d) 1, 3, 4, 2, 5 Ans:- (c) 5. Match the following: List-I A. Principle of Economics B. Diamond Water. Paradox C. Value and Capital D. Asian Drama E. Language of Economics List-II 1. Gunner Myrdal 2. J. K. Galbraith 3. Alfred Marshall 4. J. R. Hicks 5. Adam Smith Codes: A B C D E (a) 1 2 3 5 4 (b) 2 4 3 5 1 (c) 5 2 3 1 4 (d) 3 5 4 1 2 Ans:- (d)...
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