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Role of Government in Determination of Price and Quantity

NIOS · Class 10 · Economics

Practice quiz for Role of Government in Determination of Price and Quantity — NIOS Class 10 Economics. MCQs and questions with answers to test your preparation.

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?

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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?

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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?

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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?

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Black marketing

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

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Role of Government in Determination of Price and Quantity covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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