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- Question
The Income elasticity demand for farm products is
Options- A. High in India
- B. No demand at all
- C. Very low in India
- D. High supply and no demand
- Correct Answer
- Very low in India
ExplanationIncome easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity of demand for farm products is thus low.
- 1. The minimum age required to become the prime minister of India is
Options- A. 25 years
- B. 30 years
- C. 40 years
- D. 35 years Discuss
- 2. India reached the final of the Davis Cup for the first time in...?
Options- A. 1964
- B. 1966
- C. 1970
- D. 1974 Discuss
- 3. Which of the following is tropical grassland?
Options- A. Taiga
- B. Savannah
- C. Pampas
- D. Prairies Discuss
- 4. Indian Cancer Research institute is located at
Options- A. New Delhi
- B. Calcutta
- C. Chennai
- D. Mumbai Discuss
- 5. The ratio of land to ocean in the southern hemisphere is
Options- A. 1 to 1.5
- B. 1 to 1
- C. 1 to 4
- D. 1 to 10 Discuss
- 6. How many players are there in Water Polo team?
Options- A. 4
- B. 5
- C. 6
- D. 7 Discuss
- 7. Gangubai hangal is the name associated with
Options- A. Literature
- B. Music
- C. Journalism
- D. Environment Discuss
- 8. The largest production of mica in Asia is from
Options- A. Indonesia
- B. Malaysia
- C. Myanmar
- D. India Discuss
- 9. Plants synthesis protein from
Options- A. starch
- B. sugar
- C. amino acids
- D. fatty acids Discuss
- 10. The year 1985 was declared as the International Year of
Options- A. Blind
- B. Youth
- C. Children
- D. GandhiWomen Discuss
More questions
Correct Answer: 25 years
Correct Answer: 1966
Correct Answer: Savannah
Correct Answer: Mumbai
Correct Answer: 1 to 4
Correct Answer: 7
Correct Answer: Music
Correct Answer: India
Correct Answer: amino acids
Correct Answer: Youth
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