UPTET · Social Studies (Paper II)
Concepts of demand, supply, market, money and banking.
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Q1 · Basic Economics · EASY
If the price of onions increases from Rs 20 per kg to Rs 30 per kg and consumers reduce their purchase from 100 kg to 80 kg, what does this situation illustrate?
Q2 · Basic Economics · EASY
A farmer sells wheat directly to consumers at his farm gate instead of taking it to the wholesale market in the city. What type of market is this?
Q3 · Basic Economics · MEDIUM
Which function of money is being performed when a shopkeeper accepts a Rs 500 note in exchange for groceries?
Q4 · Basic Economics · MEDIUM
In a village market, the price of tomatoes is Rs 15 per kg when supply is 500 kg. After good rains, farmers bring 800 kg of tomatoes and the price falls to Rs 10 per kg. This demonstrates:
Q5 · Basic Economics · HARD
A bank accepts deposits of Rs 10,00,000 from customers and keeps Rs 4,00,000 as reserve. It lends out Rs 6,00,000 to borrowers. What is the Cash Reserve Ratio (CRR) maintained by this bank?