Business and Economy Quiz
 

Business and Economy Quiz

The Business and Economy Quiz category is aimed at younger students who are new to economics. It offers quizzes on the Indian economy with correct answers which makes it a great learning platform. During practice quizzes, kids learn about the latest happening in the Indian Economy.

The Quizopedia provides Indian Business Quizzes in simple language so the parents can use it as a basic platform to strengthen economical general knowledge of their children.

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1) What is demand?

2) In a market, the price of a notebook is rupees 45 and the quantity supplied at this price is 70. What happens to the quantity supplied when the price of the notebook decreases to rupees 30?

3) Who is the supplier of banknotes in India?

4) Price and demand of a product are ________ related.

5) As per the Cotton Corporation of India Ltd., which state is the largest supplier of cotton in India?

6) If the amount of cotton demanded in the market is equal to the amount of cotton supplied, then there is ______________.

7) Price and supply of a product are _______ related.

8) If earlier 1kg of rice was priced at rupees 10, its supply was 50kg. Now, the price has been increased to 15 rupees. It's supply now would ________.

9) A pair of shoes is priced at rupees 100 and the quantity demanded is 40. But if the price decreases to rupees 60, the demand will _________.

10) A t-shirt is priced at rupees 150 and the quantity demanded at this price is 50. What happens to the quanity demanded when the price of the t-shirt increases to rupees 200?

11) In a market, the demand of TV is in a quantity of 50 but, the supply is only of 30 TVs. What does this mean?

12) Identify the curve given below: -


13) What is that point in the graph called when the supply and demand curve intersect and the price of a product is determined?


14) Identify the curve shown in the picture: -


15) What is supply?

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