GK / GS · Chapter 2
Demand, Supply, Cost and Markets PYQs
Why does the price of tomatoes crash in one month and shoot up in another?
Demand and the Law of Demand 11 PYQs
- Which of the following is NOT an exception to the law of demand?SSC Selection Post 2026 · 21 Sep 2026
- Which of the following is an example of a Giffen good?SSC Selection Post 2026 · 22 Sep 2026
- The demand curve shows the relationship between:SSC Selection Post 2026 · 17 Sep 2026
- Consider the following statements: 1. In comparison to other products, stocks markets offer higher returns and pose higher risks 2. Stock prices are…Delhi Police 2026 · 09 Jan 2026
- What is the term for a persistent decline in the general price level?Delhi Police 2026 · 04 Jan 2026
- Which of the following factors does NOT determine demand?SSC CGL 2026 · 05 Oct 2026
- Which of the following correctly distinguishes movement along a demand curve from a shift in the demand curve?SSC CGL 2026 · 13 Oct 2026
- Which of the following factors would increase the demand for laptops and shift their demand curve to the right?SSC CGL 2026 · 16 Oct 2026
- Why is the demand for transportation regarded as a derived demand?SSC CGL 2026 · 22 Oct 2026
- If a consumer’s income increases, resulting in greater consumption of good X and lower consumption of good Y, which of the following is correct?SSC CGL 2026 · 24 Oct 2026
- A leftward shift in the demand curve of a commodity indicates:SSC CGL 2026 · 27 Oct 2026
Elasticity of Demand and Supply 4 PYQs
- Identify the correct formula for the price elasticity of demand.SSC Selection Post 2026 · 18 Sep 2026
- A good with negative income elasticity is called:SSC Selection Post 2026 · 18 Sep 2026
- What does elasticity of demand measures?SSC Selection Post 2026 · 26 Sep 2026
- Why is the demand for salt generally less price-elastic than the demand for branded chocolates?SSC CGL 2026 · 15 Oct 2026
Supply and Market Equilibrium 7 PYQs
- In an economy, when the aggregate demand increases faster than aggregate supply, what is the likely outcome?Delhi Police 2026 · 08 Jan 2026
- Which of the following best describes the Social Cost of Carbon (SCC) and its relevance in global climate policy and economic decision-making?Delhi Police 2026 · 09 Jan 2026
- The objective of price control policies was:SSC Selection Post 2026 · 23 Sep 2026
- Which of the following effects does a rise in the price of goods have on consumer surplus?SSC CGL 2026 · 07 Oct 2026
- If the price of the commodity decreases from Rs. 100 to Rs. 105, and the quantity demanded decreases from 100 to 115, then what is the value of the…SSC CGL 2026 · 09 Oct 2026
- A university raises its tuition fee by 20%. As a result, student enrolment decreases by 30%, while all other factors remain unchanged. Which of the…SSC CGL 2026 · 14 Oct 2026
- If the selling price of milk rises sharply, what is the most likely effect on the supply of butter, assuming milk can either be sold directly or…SSC CGL 2026 · 15 Oct 2026