The Engel curve shows the relationship between: MCQ with Answer and Explanation

Question

Share Report Error

The Engel curve shows the relationship between:

A. price and income

B. price and quantity demanded

C. income and quantity demanded

D. utility and expenditure

Answer: Option C

Solution (By JKSSB Mock Tests)

The Engel curve depicts the relationship between a consumer's income and the quantity demanded of a good.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Finance Commission' is appointed under which article?

A. Article 356

B. Article 360

C. Article 280

D. Article 324

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Finance Commission is constituted under Article 280.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on aerated drinks is:

A. 12%

B. 18%

C. 28% plus cess

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Aerated drinks attract 28% GST plus compensation cess.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Kyoto Protocol' came into force in which year?

A. 1997

B. 2008

C. 2005

D. 2012

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Kyoto Protocol entered into force in 2005.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs