HP Statistical Assistant-2018 Part-7

HP Statistical Assistant-2018 Solved Paper Question 61-70

HP Statistical Assistant-2018 Solved Paper Question 61-70

Himachal Pradesh Subordinate Service Selection Board Hamirpur conducted Himachal Pradesh Statistical Assistant-2018 Exam-2018.

Exam name : Himachal Pradesh Statistical Assistant
Total Question: 170
Conducted By: Himachal Pradesh Subordinate Service Selection Board Hamirpur (HPSSSB)
Total Marks: 85
Time : 2 Hours
All questions are compulsory
One question carries half mark only

Question 61-70

Question : 61

What is the nature of elasticity of demand for luxury item like high class furnitures ?

[A].   Unit elastic 
[B].   Highly elastic
[C].   Fairly elastic 
[D].   Zero elastic


Question : 62

Which of the following does not influence the individual demand for a product ?

[A].   Price of product 
[B].   Price of close substitute
[C].   State of production technology 
[D].   Change of climatic condition


Question : 63

The elasticity of demand for luxury good is

[A].   infinite 
[B].   more than one
[C].   less than one 
[D].   equal to one


Question : 64

Calculate the elasticity of demand when a 60% increase in the price of rice causes the amount of rice you buy to fall by 120%.

[A].   2 
[B].   4 
[C].   6 
[D].   8


Question : 65

Which one of the following is not a type of demand ?

[A].   Price demand 
[B].   Derived demand
[C].   Supply demand 
[D].   Joint demand


Question : 66

When the income elasticity of demand is greater than unity, the commodity is

[A].   a necessity 
[B].   a luxury
[C].   inferior good 
[D].   non-related good


Question : 67

If the demand curve is a rectangular hyperbola, elasticity is

[A].   1 
[B].   0 
[C].   infinity 
[D].   less than 1


Question : 68

In general, the demand for necessaries is relatively

[A].   inelastic 
[B].   elastic 
[C].   unity 
[D].   None of these


Question : 69

Price determination is profitable and possible if the two markets have

[A].   equal elasticity of demand 
[B].   different elasticity of demand
[C].   inelastic demand 
[D].   highly elastic demand


Question : 70

The area which lies under the demand curve for a given good measures

[A].   marginal utility 
[B].   marginal cost
[C].   marginal profit 
[D].   total utility




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