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POE T2 Sol.

The document outlines a competency stage examination for the SBI School of Business Intelligence, covering topics such as demand, supply, reserve price, market equilibrium, and e-business. It includes multiple-choice questions and answers that explain key economic concepts, such as the law of demand, shifts in supply and demand curves, and the impact of e-business on market dynamics. The content is structured into sections with specific questions and answers related to each topic.

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fatimanabiha694
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16 views3 pages

POE T2 Sol.

The document outlines a competency stage examination for the SBI School of Business Intelligence, covering topics such as demand, supply, reserve price, market equilibrium, and e-business. It includes multiple-choice questions and answers that explain key economic concepts, such as the law of demand, shifts in supply and demand curves, and the impact of e-business on market dynamics. The content is structured into sections with specific questions and answers related to each topic.

Uploaded by

fatimanabiha694
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SBI SCHOOL OF BUSINESS INTELLEGENCE

PRE-REQUISITES COMPETENCY STAGE EXAMINATION


Chapter 2 Complete
Tutor: Osama Waheed
PRC-3 Test # 2 Solution

Demand (3 Questions)
1. a) Law of Demand
Jab price kam hota hai, consumers zyada quantity kharidte hain. Isko law of demand
kehte hain.

2. b) It shifts to the right


Rainy season mein umbrellas ki demand badh jaati hai, jo demand curve ko right shift
karta hai.

3. b) Shift leftward
Electric vehicles ke trend ke wajah se petrol cars ki demand girti hai, aur curve left shift
hota hai.

Supply (10 Questions)


4. b) Quantity supplied increases
Jab price badhta hai, producers zyada profit ke liye zyada supply karte hain.

5. b) Favorable weather conditions boosting production


Achhe mausam ke karan production badhta hai, jo supply curve ko right shift karta hai.

6. b) Supply will decrease as they stockpile maize


Future mein zyada price milne ki umeed ke wajah se suppliers abhi apna stock hold
karenge.

7. b) Shift to the right


Technology ke improvement se production efficient ho jaata hai aur supply badhti hai.

8. b) Shift rightward
Subsidies production cost kam karti hain, jo supply ko badhata hai aur curve ko right shift
karta hai.
9. a) The quantity of goods supplied at different price levels
Supply schedule price aur quantity ke beech ka sambandh dikhata hai.

10. a) Shift leftward


High input costs production ko expensive banate hain, jo supply ko girata hai aur curve
left shift hota hai.

11. a) Stock refers to unsold goods, while supply refers to goods offered for sale at prevailing
prices
Stock wahi goods hain jo store mein hain, par supply woh hai jo current price pe market
mein bikne ke liye ready hai.

12. a) Increase
Supply kam hone par scarcity hoti hai, jo price ko badhata hai.

13. a) Minimum price required to produce and sell the good


Price axis pe intersection dikhata hai ki kis price pe production profitable shuru hoti hai.

Reserve Price (5 Questions)


14. a) The lowest price a seller is willing to accept
Reserve price wahi price hai jo seller ke liye acceptable hai.
15. b) To ensure the seller does not incur losses
Reserve price ek safeguard hota hai seller ke liye taaki unhe loss na ho.
16. a) Withdraw the product from sale
Agar reserve price se kam bid mile, toh product sale nahi hota.
17. a) Fewer successful sales and unsold inventory
High reserve prices buyers ko discourage karte hain, jo unsold inventory badhate hain.
18. d) All of the above
Confidential reserve prices bidding ko competitive banate hain aur collusion ko rokte
hain.

Market Equilibrium (7 Questions)


19. a) Quantity demanded equals quantity supplied
Market equilibrium tab hota hai jab demand aur supply perfectly balance hote hain.
20. a) A shortage develops as demand exceeds supply
Agar price kam ho, demand zyada hoti hai aur supply kam, jo shortage create karta hai.

21. a) Increase
Demand badhne par price aur quantity dono equilibrium mein upar jaate hain.

22. a) Reducing prices to encourage demand


Surplus ko resolve karne ke liye prices girayi jaati hain taaki demand badhe.

23. a) Decrease
Supply badhne par zyada goods market mein aate hain, jo price ko girata hai.

24. a) No excess supply or unmet demand exists


Equilibrium ensure karta hai ki jitni supply ho, utni hi demand ho.

25. a) Creates shortages if set below equilibrium price


Price ceiling ke wajah se supply kam hoti hai aur shortage hota

E-Business (5 Questions)
26. a) Broader market access and reduced transaction costs
E-business cost-effective hai aur global reach provide karta hai.

27. a) Matching supply and demand more efficiently through digital platforms
Digital platforms demand aur supply ko efficiently match karte hain.

28. a) Limited internet access and digital literacy


Developing countries mein e-business adoption ka sabse bada issue digital
infrastructure aur awareness hai.

29. a) By offering greater convenience and price transparency


E-business transparency aur convenience badhata hai, jo consumer behavior ko positively
impact karta hai.

30. a) Operate globally with lower infrastructure costs


E-business firms ko global operations karne ki flexibility deta hai bina high costs ke.

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