The first mistake was in the drafting of Question 1...Instead of "increase in price of paddy" it should be "increase in price of wheat"...Thats why the answer was (d)
Logic:-
If farmer had 2 options to grow wheat and paddy and there is increase in price of wheat, he would definately shift his resources to production of wheat as it is more profitsble...accordingly supply of paddy would get decreased even with same price of paddy...Hence Leftward shift in supply curve of paddy
Due to1 small change in word, the intention of the question completely changed
Logic:-
If farmer had 2 options to grow wheat and paddy and there is increase in price of wheat, he would definately shift his resources to production of wheat as it is more profitsble...accordingly supply of paddy would get decreased even with same price of paddy...Hence Leftward shift in supply curve of paddy
Due to1 small change in word, the intention of the question completely changed
Second mistake was in answer of Question 20...The correct answer should be (c) Rational which is the assumption under both the approaches of Consumer Behaviour
Answer was wrongly given as (a)
Answer was wrongly given as (a)
Have made the above 2 changes and reposting the test and answer again for students who havnt yet attempted the test
Business Economics Test No. 1.pdf
5.7 MB
Emailing Business Economics Test No. 1.pdf
Solutions to Economics Test No. 1.pdf
5.7 MB
Emailing Solutions to Economics Test No. 1.pdf
Reviewing Mock Test No. 2 and posting it in a short while
Till then ek baat btaaao...How many of you actually attempted the test yesterday and how was your performance in the test
Till then ek baat btaaao...How many of you actually attempted the test yesterday and how was your performance in the test
How was your performance in Mock Test No. 1 of Business Economics (after considering the corrections)
Anonymous Poll
22%
Above 23
18%
20 to 23
17%
15 to 20
7%
Under 15
18%
Did not attempt the test because of Aalas
10%
De denge test jab mood banega
8%
Humne to Opt out kar liya...Humse na bolo Test k liye
Business Economics Mock Test No. 2.pdf
5.7 MB
Emailing Business Economics Mock Test No. 2.pdf
Solutions to Business Economics Mock Test No. 2.pdf
5.7 MB
Emailing Solutions to Business Economics Mock Test No. 2.pdf
Guys this full syllabus test of Maths is a great way to test yourself before the exams. Please try to attempt this test in time slot of 2 hours only with full concentration
And use this OMR sheet to attempt so that you can practice this also
This announcement by ICAI has created a Panic amoung students who had planned for Opt out
Let me assure you there is no need to panic...This is just an advisory by ICAI for those students who are actually Covid positive and who had appeared in any of the exams till today...They have been requested to submit report so that ICAI can take necessary steps at that centre for safety of other students
Let me assure you there is no need to panic...This is just an advisory by ICAI for those students who are actually Covid positive and who had appeared in any of the exams till today...They have been requested to submit report so that ICAI can take necessary steps at that centre for safety of other students
For students who only have symptoms or those who had opted out just because their exams didnt go well...They are not required to submit anything...They can be assured that their Opt out will.not b cancelled by ICAI merely because they did not submit the report