Assertion and Reasoning Questions(Weightage 5 Marks)
1. Introduction to Micro and Macro Economics
No Textual Question
2. Utility Analysis
No Textual Question
3 A Demand Analysis
No Textual Question
3 B Elasticity of Demand
1) Assertion (A): Degree of price elasticity is less than one in case of relatively inelastic demand.
Reasoning (R): Change in demand is less than the change in price.
Options
a) (A) is true, but (R) is false
b) (A) is false, but (R) is true
c) Both (A) and (R) are true and (R) is the correct explanation of (A)
d) Both (A) and (R) are true and (R) is not the correct explanation of (A)
Ans:- c) Both (A) and (R) are true and (R) is the correct explanation of (A)
2. Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity
Reasoning (R): Changes in consumer income leads to a change in the quantity demanded.
Options
a) (A) is true, but (R) is false
b) (A) is false, but (R) is true
c) Both (A) and (R) are true and (R) is the correct explanation of (A)
d) Both (A) and (R) are true and (R) is not the correct explanation of (A)
Ans:-d) Both (A) and (R) are true and (R) is not the correct explanation of (A)
3. Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
Options
a) (A) is true, but (R) is false
b) (A) is false, but (R) is true
c) Both (A) and (R) are true and (R) is the correct explanation of (A)
d) Both (A) and (R) are true and (R) is not the correct explanation of (A)
Ans:- d)Both (A) and (R) are true and (R) is not the correct explanation of (A)
4. Supply Analysis
No Textual Question
5. Forms of Market
No Textual Question
6. Index Numbers
No Textual Question
7. National Income
No Textual Question
8. Public Finance in India
No Textual Question
9. Money Market and Capital Market
1) Assertion (A) : Money market economizes use of cash
Reasoning (R) : Money market deals with
financial instruments that are close substitutes of money
Options :
1) (A) is True, but (R) is False
2) (A) is False, but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are True and (R) is not the correct explanation of (A)
Ans:- 3) Both (A) and (R) are True and (R) is the correct explanation of (A)
2) Assertion (A) : Regional stock exchanges have witnessed a sharp decline in the volume of trade.
Reasoning (R) : Investors prefer to trade in securities listed in premier stock exchanges like BSE, NSE etc.
Options :
1) (A) is True, but (R) is False
2) (A) is False, but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are True and (R) is not the correct explanation of (A)
Ans:- 3) Both (A) and (R) are True and (R) is the correct explanation of (A)
3) Assertion (A) : The unorganized sector of the money market lacks transparency.
Reasoning (R) : Activities of the unorganized sector are largely confined to rural areas.
Options :
1) (A) is True, but (R) is False
2) (A) is False, but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are True and (R) is not the correct explanation of (A)
Ans:- 2) (A) is False, but (R) is True
4) Assertion (A) : Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R) : RBI has to maintain the official rate of exchange of rupee and ensure its stability.
Options :
1) (A) is True, but (R) is False
2) (A) is False, but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are True and (R) is not the correct explanation of (A)
Ans:- 2) (A) is False, but (R) is True
10. Foreign Trade in India
No Textual Question