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1. Important Concepts in Micro & Macroeconomics
1
2
3
4
5
1.
Which of the following pairings does not represent a set of complementary goods?
Printers and Ink Cartridges
Tea and Sugar
Mobile Phones and SIM cards
Tea and Coffee
2.
The Core inflation is different from the general inflation because of the following?
Core Inflation is caused by the supply Shock in certain essential commodities
Core Inflation is the sudden increase in certain items of food grains
Core Inflation is the inflation rate of a particular basket of commodities
Core Inflation is just a misnomer
3.
If the demand and supply of a commodity increase by an equal absolute amount, what will be the effect on market price?
Increase
Decrease
Remain Stable
First decrease then increase
4.
A rise in price of one commodity will induce a fall in demand of another commodity, then the commodities are___?
Complimentary
Supplementary
Competing
Auxiliary
5.
Which among the following is a most suitable example of double counting in national income ?
Wages of bus and train drivers
Cotton output and cotton cloth output
Electricity output and water output
Tax receipts and earnings of inland revenue officials
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