Question : Relationship of APC and APS with National Income can be represented as:

Option 1: Both APC and APS fall with increase in National Income
 

Option 2: Both APC and APS rise with increase in National Income
 

Option 3: APS fall, while APC rises with increase in National Income

Option 4: APC falls, while APS rises with increase in National Income

Question : For an inferior good , demand falls when 

Option 1: Price rises .

Option 2: Income rises.

Option 3: Price fall.

Option 4: Income fall.

Question : Which of the following statements are true?

1.  National income at constant prices also known as real national income. 
2. National income rise is also known as nominal national income.
3. National income at current price is affected by change in both price and quantity.
4. National income at constant price is effected by change in price only.

Option 1: 1,2&3
 

Option 2: 2,3&4
 

Option 3: 1,3&4
 

Option 4: 1,2,3&4
 

Question : ________, shows that unit price of foreign currency has increase i.e., domestic currency has depreciated. 
 

Option 1: Increase in demand
 

Option 2: Decrease in demand
 

Option 3: Increase in supply
 

Option 4: Decrease in supply
 

Question : The Indian government banned import of fans with a view to promote domestic manufacturing and cut imports of spices.
How this will impact demand of foreign currency?
 

Option 1: Demand for foreign currency will fall
 

Option 2: Demand for foreign currency will rise
 

Option 3: Supply for foreign currency will fall
 

Option 4: Supply for foreign currency will rise