Please answer the following questions with proper explainations:

Question 1. In International Monetary Market a worldwide forward bid for December, 15

on pound authentic is $ 82.6354 while the cost of IMM real future

for conveyance on December, 15 is $ 6.0214. The agreement

size of pound authentic is

78459.652. How is it possible that the would seller use exchange

in benefit from the present circumstance and how

much benefit is acquired?

2.Higher apathy bend specifies________level of fulfillment.

(a) Same

(b) Higher

(c) Different

(d) Lower

3.Necessities are price________while extravagance merchandise are________.

(a) Unitary, Inelastic

(b) Elastic, Unitary

(c) Elastic, Inelastic

(d) Inelastic, Elastic.

4. Spending line is otherwise called

(a) Propensity Line

(b) Price Line

(c) Parallel Line

(d) None of these.

5. Apathy bend approach is given by

(a) Hicks and Allen

(b) Alfred Marshall

(c) Pareto

(d) Paul A. Samuelson

6. In the utility approach__ explains__

(a) Hicks and Allen Consumer balance

(b) Alfred Marshall Law of lessening minimal utility

(c) Alfred Marshall Law of Equi Marginal utility

(d) both (b) and (c)

7. Utility methodology is additionally known as________

(a) Marginal utility examination

(b) Indifference bend approach

(c) Cardinal quantifiability of utility

(d) Both (a) and (c)

8. At the point when complete utility abatements, minimal utility________.

(a) Decreases

(b) Increases

(c) Decreases contrarily

(d) Decreases decidedly

9. Normal utility has ________slope and lies ________.

(a) Flatter, underneath MU

(b) Downward, above TU

(c) Upward, underneath TU

(d) Flatter, above MU

10.Merchandise for which request rises when the cost increments and request falls when cost

diminishes

(a) G if fen products

(b) Normal products

(c) Superior merchandise

(d) Inferior merchandise