[Quiz] Indian Economy - Free Online Test - 4 (9th STD)

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Subject	Indian Economy
Exam Portions	Tamil Nadu Samacheer Kalvi 9th Std Term 1 – Social Science Chapter 1- Economics - Demand and Supply Term 3 – Social Science Chapter 1- Economics - Equilibrium Price
Indian Economy Online Test Series No: 4
No of Questions	5
Duration	5 Min
Difficulty Level	Moderate
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1. Alfred Marshall's law of Demand
   
   1.  The greater the to be sold, the greater must be the price
   2.  The greater the to be sold, the smaller must be the price
   3.  The smaller the to be sold, the smaller must be the price
   4.  All the above
   
   
2. A: If there is a rise in price demand falls, if price falls demand rises B: There is a direct relationship between demand and price.
   
   1.  Only A is Incorrect
   2.  Only B is Incorrect
   3.  Both are Correct
   4.  Both are wrong
   
   
3. A: If there is a rise in price supply rises, if price falls supply falls B: There is a direct relationship between supply and price.
   
   1.  Only A is Correct
   2.  Only B is Correct
   3.  Both are Correct
   4.  Both are Wrong
   
   
4. The Price at which the demand and supply is equal
   
   1.  Loss
   2.  Profit 
   3.  Equilibrium Quantity
   4.  Equilibrium Price
   
   
5. When there is more supply than the demand the seller
   
   1. Reduces the price
   2.  Increases the price
   3.  Do not sell the product
   4.  Demand more price from the consumer

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