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#1. ______________ is primary function of commercial banks.
#2. Microeconomics is the study of ____________
#3. ______________ refers to want – satisfying power of a commodity.
#4. _____________ is an example of direct tax.
#5. The demand for salt is __________
#6. When less is purchased at the constant prices, it is called _____________ in demand.
#7. The Law of demand is based on the law of ______________ supply
#8. In case of normal goods the income elasticity of demand is ____________
#9. When the price rises, there is _______________ of supply.
#10. ___________ appears in a monopoly market.
#11. ___________ is regarded as a primary factor of production.
#12. ______ economics studies the problem of inflation in the country.
#13. GDP(FC) = GDP(MP) – __________
#14. The part of income which is not spent on consumption is called_______
#15. In the case of __________ coins, intrinsic value is less then their face value.
#16. The central Bank acts as a _________ of cash reserves commercial banks in the country.
#17. In the case of Giffen goods the income elasticity of demand is _____________
#18. The vertical supply curve represents __________ elasticity.
#19. The price at which demand and supply equate each other is called ___________ price.
#20. Capital is an _____________ factor of Production.