1. When the price of a complementary of commodity X falls, the demand for X-

A) Falls
B) Rises
C) Remains unchanged
D) any of the above



2. Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?

A) Arc method
B) Point method
C) Percentage method
D) none of the above



3. FERA stands for -

A) Foreign Exchange Recommendation Act
B) Foreign Exchange Regulation Act
C) Finance and Export Regulation Association
D) Funds Export Revaluation Act



4. Nearly _____percent of working population is engaged in the service sector.

A) 23 per cent
B) 45 per cent
C) 80 per cent
D) 50 per cent



5. ACRP stands for â??

A) Agro-Commodity Regional Planning
B) Agro-Climatic Rational Planning
C) Agro-Climatic Regional Planning
D) Allied-Climatic Regional Planning