EDUCATION CIRCLE

  Economics Introductory Microeconomics Major Course (MJC) Unit 1.   Exploring the subject matter of Economics   :  Definition of Economics, Need, Scope and Method of Economics, Nature and Subject matter of Economics, Problem of scarcity and choice, Central problem of Economy.   Unit 2.  Supply and Demand :  A    Concept and type of demand, Determinants of individual Demand/Supply; Demand and Demand Function, Theory of Demand and Law of demand and Supply, Exceptions to law of Demand,. Demand/Supply Schedule and Demand/Supply curve;   Demand for complementary and Substitutes goods, Market versus individual Demand/ Supply; Shift in Demand /Supply curve, Demand and Supply together, Elasticity of Demand and Supply, Determinants, Measurement and application, Static & Dynamic demand, Consumer Surplus   B The Theory Of Consumer Behaviour :  Cardinal and Ordinal Utility Analysis Unit 3. The Theory of Consumer Behaviour : The Firm and Market Structure:  Nature of form organizing Eco

Read the given passage and answer five questions(1-5) 1. Which of the following sectors have not developed recently in start-up Options:- A. IT services B. Robotics C. Artificial intelligence D. Space technology ANS: D   2. How much amount has been allocated under the scheme of start-ups to find new start-ups for proof of concepts, prototype and trials of products, entry of market and commercialization? Options:- A. Rs.279129 crore B. Rs.679500 crore C. Rs. 945 crore D. Rs. 12521 crore ANS: C   3. Which of the following is true m case of start-ups in India ? Options:- A. The start-ups increased by 7.25% during 2016-17 and 2021-22 B. The sectoral growth of start-ups is taken place by 56% C. The start-ups have developed in important sectors like agriculture, tourism and irrigation D. The recognized sector’s have created jobs more than 7 lakhs ANS: D   4. What is the prioritized objective of industrialization in terms of start-ups initiatives? Options:-