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Role of Government in Determination of Price and Quantity — Practice Quiz

NIOS · Class 10 · Economics

Try a 4-question quiz on Role of Government in Determination of Price and Quantity for NIOS Class 10 Economics: tap an answer to check it and see why.

98 questions30 flashcards5 concepts

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Quick Quiz: Role of Government in Determination of Price and Quantity

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Tap an answer to check it instantly. No sign-up needed for these 4.

1

What is administered price in economics?

2

What is control price also called?

3

What situation usually leads to control price?

4

What is the direct result of control price being below equilibrium price?

98 Questions·
multiple choicemultiple correct

Sample Questions

1multiple correct
1 marks

Which forms are included under administered price?

Show answer

Control price, Support price, Token price, Dual price

Administered price has four forms: control price, support price, token price, and dual price.

2multiple correct
1 marks

Which goods are named as commodities with control price in India?

Show answer

Wheat, Rice, Sugar, Kerosene oil

Wheat, rice, sugar, and kerosene oil are named as commodities with control price in India.

3multiple choice
1 marks

What does rationing mean?

Show answer

Fixing quota per head per unit of time

Rationing means fixing a quota per head per unit of time to manage shortage caused by excess demand.

4multiple choice
1 marks

What problem can arise due to excess demand at ceiling price?

Show answer

Black marketing

Excess demand at ceiling price can lead to black marketing, where sellers illegally charge much higher prices.

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Frequently Asked Questions

What are the important topics in Role of Government in Determination of Price and Quantity for NIOS Class 10 Economics?
Key topics in Role of Government in Determination of Price and Quantity include Administered Price and Equilibrium Price, Control Price, Rationing, and Black Marketing, Support Price, Token Price. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How many practice questions are there for Role of Government in Determination of Price and Quantity?
There are 98 questions on Role of Government in Determination of Price and Quantity. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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