{"id":246555,"date":"2026-06-30T16:34:49","date_gmt":"2026-06-30T11:04:49","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=246555"},"modified":"2026-06-30T16:34:53","modified_gmt":"2026-06-30T11:04:53","slug":"jaiib-ie-ifs-supply-and-demand","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/","title":{"rendered":"Attempt JAIIB IE &amp; IFS Supply and Demand Quiz, &amp; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_topics_are_covered_in_the_Supply_and_Demand_Quiz\" >What topics are covered in the Supply and Demand Quiz?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Download_Practice_Quiz_on_Demand_and_Supply\" >Download Practice Quiz on Demand and Supply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Attempt_Quiz_on_JAIIB_IE_IFS_Demand_and_Supply\" >Attempt Quiz on JAIIB IE &amp; IFS Demand and Supply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_is_the_law_of_demand\" >What is the law of demand?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_factors_affect_demand\" >What factors affect demand?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#How_is_movement_different_from_a_shift_in_the_demand_curve\" >How is movement different from a shift in the demand curve?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_is_the_law_of_diminishing_marginal_utility\" >What is the law of diminishing marginal utility?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_is_the_law_of_supply\" >What is the law of supply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_factors_affect_supply\" >What factors affect supply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_is_market_equilibrium\" >What is market equilibrium?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#What_are_the_exceptions_to_the_law_of_demand\" >What are the exceptions to the law of demand?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#Why_is_equilibrium_price_important_in_economics\" >Why is equilibrium price important in economics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#How_does_the_Supply_and_Demand_PDF_help_in_JAIIB_preparation\" >How does the Supply and Demand PDF help in JAIIB preparation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Understanding Supply and Demand is one of the most important parts of the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) paper. Questions from this topic are regularly asked in the exam because it covers basic economic concepts like the law of demand, law of supply, equilibrium price, demand and supply curves, market equilibrium, and exceptions to the law of demand. <\/p>\n\n\n\n<p>In this blog, we have provided detailed information on the topic of Supply and Demand. We have also included a free practice quiz PDF containing multiple-choice questions along with the correct answers and detailed explanations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-topics-are-covered-in-the-supply-and-demand-quiz\"><span class=\"ez-toc-section\" id=\"What_topics_are_covered_in_the_Supply_and_Demand_Quiz\"><\/span>What topics are covered in the Supply and Demand Quiz?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The quiz is prepared according to the latest <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-syllabus\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE &amp; IFS syllabus<\/a> and includes all major concepts that are important from the examination point of view.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>What You Will Learn<\/strong><\/td><\/tr><tr><td>Demand<\/td><td>Meaning, utility, quantity demanded, demand schedule<\/td><\/tr><tr><td>Law of Demand<\/td><td>Relationship between price and demand<\/td><\/tr><tr><td>Demand Curve<\/td><td>Downward sloping demand curve and movement<\/td><\/tr><tr><td>Determinants of Demand<\/td><td>Income, price, preferences, population, expectations<\/td><\/tr><tr><td>Law of Diminishing Marginal Utility<\/td><td>Utility decreases with additional consumption<\/td><\/tr><tr><td>Supply<\/td><td>Meaning and factors affecting supply<\/td><\/tr><tr><td>Law of Supply<\/td><td>Direct relationship between price and supply<\/td><\/tr><tr><td>Supply Curve<\/td><td>Upward sloping supply curve<\/td><\/tr><tr><td>Market Equilibrium<\/td><td>Equilibrium price and equilibrium quantity<\/td><\/tr><tr><td>Shift vs Movement<\/td><td>Difference between movement and shift in curves<\/td><\/tr><tr><td>Exceptions to Law of Demand<\/td><td>Veblen Goods, Giffen Goods and Necessary Goods<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-mock-test\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A free JAIIB Mock Test Now!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Practice_Quiz_on_Demand_and_Supply\"><\/span>Download Practice Quiz on Demand and Supply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Strengthen your preparation for the JAIIB IE &amp; IFS exam with a dedicated Demand and Supply Practice Quiz. The PDF covers important concepts such as the law of demand, law of supply, demand and supply curves, determinants, market equilibrium, movement and shift in curves, and exceptions to the law of demand.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/jaiib-ie-and-ifs-topic-wise-practice-quiz-pdf\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_Quiz_on_JAIIB_IE_IFS_Demand_and_Supply\"><\/span>Attempt Quiz on JAIIB IE &amp; IFS Demand and Supply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your understanding of Demand and Supply with this practice quiz designed to improve your conceptual clarity. The quiz includes MCQs on demand, supply, equilibrium price, demand and supply curves, determinants, and frequently asked JAIIB concepts.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Practice JAIIB IE and IFS Quiz on Demand and Supply <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. If a rise in the price of a commodity is accompanied by an increase in the quantity bought in the market, which of the following best explains this observation?<\/p>\n  <button data-correct=\"false\">The law of demand has been violated and the demand curve is upward sloping<\/button>\n  <button data-correct=\"false\">There has been a pure movement along the same demand curve<\/button>\n  <button data-correct=\"true\">The demand curve has shifted rightward due to a change in an underlying factor such as income, while the supply curve remained unchanged<\/button>\n  <button data-correct=\"false\">The supply curve must be perfectly inelastic<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. A household spends a fixed amount of Rs. 300 per month on rice (a luxury for it) and potatoes (an inferior good for it). If the price of rice rises, the household continues to buy the same quantity of rice but reduces its potato consumption. This phenomenon illustrates:<\/p>\n  <button data-correct=\"false\">The Veblen effect<\/button>\n  <button data-correct=\"true\">The Giffen paradox<\/button>\n  <button data-correct=\"false\">The substitution effect dominating the income effect for a normal good<\/button>\n  <button data-correct=\"false\">A leftward shift of the supply curve<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. Which of the following pairs of goods would be classified as complementary goods?<\/p>\n  <button data-correct=\"true\">Petrol and automobiles<\/button>\n  <button data-correct=\"false\">Tea and coffee<\/button>\n  <button data-correct=\"false\">Wheat and rice<\/button>\n  <button data-correct=\"false\">Nescafe and Bru<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. An economy is currently at a price level where quantity supplied exceeds quantity demanded. What is the most likely subsequent adjustment in the market?<\/p>\n  <button data-correct=\"false\">Price will rise further, widening the surplus<\/button>\n  <button data-correct=\"false\">The demand curve will shift outward permanently<\/button>\n  <button data-correct=\"false\">The supply curve will shift outward permanently<\/button>\n  <button data-correct=\"true\">Price will fall, moving the market toward equilibrium<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Which of the following correctly distinguishes a &#8216;shift&#8217; in the demand curve from a &#8216;movement&#8217; along the demand curve?<\/p>\n  <button data-correct=\"false\">A shift occurs due to a change in the commodity&#8217;s own price; a movement occurs due to a change in income<\/button>\n  <button data-correct=\"false\">Both occur only due to a change in the commodity&#8217;s own price<\/button>\n  <button data-correct=\"true\">A movement occurs due to a change in the commodity&#8217;s own price; a shift occurs due to a change in factors other than price, such as income or tastes<\/button>\n  <button data-correct=\"false\">A shift occurs only in supply curves, never in demand curves<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Why does the law of demand typically not apply to goods such as salt and life-saving medicines?<\/p>\n  <button data-correct=\"false\">Because their supply is always fixed<\/button>\n  <button data-correct=\"true\">Because they are categorized as necessities, and consumption does not change meaningfully with price changes<\/button>\n  <button data-correct=\"false\">Because their producers face import restrictions<\/button>\n  <button data-correct=\"false\">Because their demand curve is perfectly elastic<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. According to the law of diminishing marginal utility, as a consumer keeps consuming additional units of a good in a single sitting, the:<\/p>\n  <button data-correct=\"false\">Total utility always falls immediately after the first unit<\/button>\n  <button data-correct=\"false\">Marginal utility from each successive unit always remains constant<\/button>\n  <button data-correct=\"true\">Marginal utility from each successive unit tends to decline, and may eventually turn negative<\/button>\n  <button data-correct=\"false\">Price of the good automatically falls<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. If the price of Nescafe rises while the price of Bru remains unchanged, which of the following is the most accurate outcome, assuming the two are substitutes?<\/p>\n  <button data-correct=\"true\">Demand for Bru will rise as consumers substitute towards the relatively cheaper good<\/button>\n  <button data-correct=\"false\">Demand for Bru will fall as consumers switch entirely to Nescafe<\/button>\n  <button data-correct=\"false\">Demand for Nescafe will also rise<\/button>\n  <button data-correct=\"false\">There will be no impact on either good&#8217;s demand<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. A bank economist observes that during a sudden announcement of an impending lockdown, consumers&#8217; purchases of groceries surge well before any change in price or income. This behavior is best explained by which determinant of demand?<\/p>\n  <button data-correct=\"false\">Change in the price of complementary goods<\/button>\n  <button data-correct=\"false\">Diminishing marginal utility<\/button>\n  <button data-correct=\"false\">Movement along the supply curve<\/button>\n  <button data-correct=\"true\">Expectations about future economic conditions<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which of the following statements about Veblen goods is correct?<\/p>\n  <button data-correct=\"false\">Their demand falls as their price rises because they become unaffordable<\/button>\n  <button data-correct=\"true\">Their demand rises as their price rises, due to conspicuous consumption and status signaling<\/button>\n  <button data-correct=\"false\">They are always classified as necessities<\/button>\n  <button data-correct=\"false\">Their demand is unrelated to consumer income<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. In which of the following situations would the supply curve of a commodity shift leftward, all else constant?<\/p>\n  <button data-correct=\"true\">A severe drought destroys a significant portion of the crop<\/button>\n  <button data-correct=\"false\">Government grants a production subsidy to manufacturers<\/button>\n  <button data-correct=\"false\">The price of the commodity itself rises<\/button>\n  <button data-correct=\"false\">Technology used in production becomes cheaper<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. If the cost of raw materials, labour, and energy required to manufacture a good increases substantially, what is the most likely impact on the supply curve?<\/p>\n  <button data-correct=\"false\">The supply curve shifts rightward as firms try to maintain revenue<\/button>\n  <button data-correct=\"false\">There is only a movement along the same supply curve<\/button>\n  <button data-correct=\"true\">The supply curve shifts leftward as production becomes less profitable at every price level<\/button>\n  <button data-correct=\"false\">The supply curve becomes perfectly vertical<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Two goods X and Y are substitutes in production (a firm can produce either using the same resources). If the price of X rises, what happens to the supply of Y?<\/p>\n  <button data-correct=\"false\">Supply of Y increases because resources become cheaper<\/button>\n  <button data-correct=\"true\">Supply of Y decreases as producers reallocate resources toward producing more of X<\/button>\n  <button data-correct=\"false\">Supply of Y remains completely unaffected<\/button>\n  <button data-correct=\"false\">Demand for X falls to zero<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. At the equilibrium price of a commodity, which of the following is true?<\/p>\n  <button data-correct=\"false\">Quantity demanded exceeds quantity supplied, creating a shortage<\/button>\n  <button data-correct=\"false\">Quantity supplied exceeds quantity demanded, creating a surplus<\/button>\n  <button data-correct=\"false\">Price is always at its historical minimum<\/button>\n  <button data-correct=\"true\">Quantity demanded equals quantity supplied, with no inherent tendency for price to change<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. If the price of a commodity is set below the equilibrium price (for instance due to a price ceiling), what is the most likely market outcome?<\/p>\n  <button data-correct=\"false\">A persistent surplus, as supply exceeds demand<\/button>\n  <button data-correct=\"false\">The market automatically reaches a new equilibrium with no shortage<\/button>\n  <button data-correct=\"false\">Supply curve shifts rightward to meet demand<\/button>\n  <button data-correct=\"true\">A persistent shortage, as demand exceeds supply at the artificially low price<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Which of the following changes would cause the demand curve for a normal good to shift to the right?<\/p>\n  <button data-correct=\"false\">A fall in consumer income<\/button>\n  <button data-correct=\"false\">A rise in the price of the good itself<\/button>\n  <button data-correct=\"true\">A rise in consumer income<\/button>\n  <button data-correct=\"false\">A fall in the price of the good itself<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Which of the following would most likely cause the demand curve for an inferior good to shift leftward?<\/p>\n  <button data-correct=\"false\">A fall in consumer income<\/button>\n  <button data-correct=\"true\">A rise in consumer income<\/button>\n  <button data-correct=\"false\">A fall in the good&#8217;s own price<\/button>\n  <button data-correct=\"false\">A rise in the price of its complement<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Consider a scenario where a bakery shop normally stocks 15 bread packets but currently has only 5 on the shelf, and the price has also risen. What does this combination of observations most likely indicate?<\/p>\n  <button data-correct=\"true\">Supply of bread has shifted inward (fallen), raising price while quantity available has fallen<\/button>\n  <button data-correct=\"false\">Demand for bread has shifted outward, raising both price and quantity<\/button>\n  <button data-correct=\"false\">There has been no change in either curve<\/button>\n  <button data-correct=\"false\">The good has become a Veblen good<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. In the demand schedule for apples, as price falls from Rs. 500 to Rs. 100 per box, quantity demanded rises from 9 to 20 boxes, holding all other factors constant. This relationship represents which curve property?<\/p>\n  <button data-correct=\"false\">An upward sloping demand curve from left to right<\/button>\n  <button data-correct=\"false\">A perfectly horizontal demand curve<\/button>\n  <button data-correct=\"false\">A perfectly vertical demand curve<\/button>\n  <button data-correct=\"true\">A downward sloping demand curve from left to right, reflecting the inverse price-quantity relationship<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Which of the following best explains why a price increase of a commodity discourages purchase through the &#8216;income effect&#8217;?<\/p>\n  <button data-correct=\"false\">A consumer&#8217;s money income changes, while their real purchasing power remains unaffected<\/button>\n  <button data-correct=\"false\">Consumers always switch to a completely unrelated product category<\/button>\n  <button data-correct=\"true\">A consumer&#8217;s real purchasing power falls because the same money income buys fewer units, even though money income is unchanged<\/button>\n  <button data-correct=\"false\">Producers reduce wages in response<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      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Similarly, when the price decreases, consumers tend to buy more of that product, assuming all other factors remain constant. This creates an inverse relationship between price and demand.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Higher price leads to lower demand.<\/li>\n\n\n\n<li>Lower price leads to higher demand.<\/li>\n\n\n\n<li>Price and demand have an inverse relationship.<\/li>\n\n\n\n<li>Other factors like income and preferences remain constant.<\/li>\n\n\n\n<li>Represented by a downward-sloping demand curve.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-factors-affect-demand\"><span class=\"ez-toc-section\" id=\"What_factors_affect_demand\"><\/span>What factors affect demand?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Demand is not influenced only by the price of a product. Many other economic and social factors also affect consumer demand. A change in these factors shifts the entire demand curve instead of causing movement along the curve.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price of the commodity<\/li>\n\n\n\n<li>Consumer income<\/li>\n\n\n\n<li>Population size<\/li>\n\n\n\n<li>Consumer tastes and preferences<\/li>\n\n\n\n<li>Prices of substitute goods<\/li>\n\n\n\n<li>Prices of complementary goods<\/li>\n\n\n\n<li>Weather and seasonal conditions<\/li>\n\n\n\n<li>Future expectations<\/li>\n\n\n\n<li>Cultural and social factors<\/li>\n<\/ul>\n\n\n\n<p><strong>Also: Check out the detailed <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-syllabus\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Syllabus<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-movement-different-from-a-shift-in-the-demand-curve\"><span class=\"ez-toc-section\" id=\"How_is_movement_different_from_a_shift_in_the_demand_curve\"><\/span>How is movement different from a shift in the demand curve?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Students often confuse movement and shift in the demand curve. Understanding this difference is very important because direct questions are asked in the JAIIB examination.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"525\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/Suppy-and-demand-1.webp\" alt=\"\" class=\"wp-image-246559\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/Suppy-and-demand-1.webp 943w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/Suppy-and-demand-1-768x428.webp 768w\" sizes=\"auto, (max-width: 943px) 100vw, 943px\" \/><\/figure><\/div>\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Movement in Demand Curve<\/strong><\/td><td><strong>Shift in Demand Curve<\/strong><\/td><\/tr><tr><td>Caused by change in price<\/td><td>Caused by factors other than price<\/td><\/tr><tr><td>Same demand curve<\/td><td>New demand curve<\/td><\/tr><tr><td>Quantity demanded changes<\/td><td>Entire demand changes<\/td><\/tr><tr><td>Law of demand applies<\/td><td>Determinants like income or preferences change<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-law-of-diminishing-marginal-utility\"><span class=\"ez-toc-section\" id=\"What_is_the_law_of_diminishing_marginal_utility\"><\/span>What is the law of diminishing marginal utility?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The law of diminishing marginal utility explains that the satisfaction received from consuming additional units of the same product keeps decreasing. The first unit provides the highest satisfaction, while every additional unit gives comparatively less satisfaction.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>First glass of water gives maximum satisfaction.<\/li>\n\n\n\n<li>Second glass gives less satisfaction.<\/li>\n\n\n\n<li>Third or fourth glass provides even lower satisfaction.<\/li>\n\n\n\n<li>Continuous consumption may even reduce satisfaction.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Join the JAIIB Online Course now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-law-of-supply\"><span class=\"ez-toc-section\" id=\"What_is_the_law_of_supply\"><\/span>What is the law of supply?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The law of supply states that producers are willing to supply more goods when market prices increase because they can earn higher profits. When prices fall, producers reduce supply.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price and supply have a direct relationship.<\/li>\n\n\n\n<li>Higher price increases supply.<\/li>\n\n\n\n<li>Lower price decreases supply.<\/li>\n\n\n\n<li>Represented by an upward-sloping supply curve.<\/li>\n\n\n\n<li>Producers focus on profit maximization.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Study Material<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-factors-affect-supply\"><span class=\"ez-toc-section\" id=\"What_factors_affect_supply\"><\/span>What factors affect supply?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Apart from market price, several other factors influence the quantity supplied by producers. These factors can shift the supply curve to the left or right.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost of production<\/li>\n\n\n\n<li>Price of raw materials<\/li>\n\n\n\n<li>Technology<\/li>\n\n\n\n<li>Government taxes and subsidies<\/li>\n\n\n\n<li>Weather conditions<\/li>\n\n\n\n<li>Market expectations<\/li>\n\n\n\n<li>Availability of resources<\/li>\n\n\n\n<li>Prices of related goods<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-market-equilibrium\"><span class=\"ez-toc-section\" id=\"What_is_market_equilibrium\"><\/span>What is market equilibrium?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Market equilibrium is the point where the quantity demanded by consumers becomes equal to the quantity supplied by producers. At this point, the market reaches balance, and there is no pressure for the price to change unless other factors change.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Demand equals supply.<\/li>\n\n\n\n<li>Stable market price.<\/li>\n\n\n\n<li>Stable quantity.<\/li>\n\n\n\n<li>No shortage or surplus.<\/li>\n\n\n\n<li>Price remains unchanged unless determinants shift.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-previous-year-papers\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt JAIIB Previous Year Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-exceptions-to-the-law-of-demand\"><span class=\"ez-toc-section\" id=\"What_are_the_exceptions_to_the_law_of_demand\"><\/span>What are the exceptions to the law of demand?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Although the law of demand generally applies to most products, there are certain situations where demand may increase even when prices rise.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Exception<\/strong><\/td><td><strong>Explanation<\/strong><\/td><\/tr><tr><td>Veblen Goods<\/td><td>Expensive luxury goods purchased for status and prestige<\/td><\/tr><tr><td>Giffen Goods<\/td><td>Inferior goods where demand increases despite a price rise<\/td><\/tr><tr><td>Necessary Goods<\/td><td>Essential goods like medicines and salt where demand changes very little<\/td><\/tr><tr><td>Increase in Income<\/td><td>Higher income can maintain or increase demand even when prices rise<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-equilibrium-price-important-in-economics\"><span class=\"ez-toc-section\" id=\"Why_is_equilibrium_price_important_in_economics\"><\/span>Why is equilibrium price important in economics?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Equilibrium price ensures that producers and consumers are both satisfied. It prevents excess supply and shortages in the market while maintaining price stability.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maintains market balance.<\/li>\n\n\n\n<li>Eliminates surplus.<\/li>\n\n\n\n<li>Reduces shortages.<\/li>\n\n\n\n<li>Helps efficient resource allocation.<\/li>\n\n\n\n<li>Indicates a stable market condition.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-module-wise-study-guide\/?ref=contac-jieifs-ds-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Mind Map PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-the-supply-and-demand-pdf-help-in-jaiib-preparation\"><span class=\"ez-toc-section\" id=\"How_does_the_Supply_and_Demand_PDF_help_in_JAIIB_preparation\"><\/span>How does the Supply and Demand PDF help in JAIIB preparation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A downloadable PDF allows you to revise important concepts anytime without depending on internet access. It serves as a quick revision guide before mock tests and the final examination.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Easy offline revision.<\/li>\n\n\n\n<li>Covers important formulas and concepts.<\/li>\n\n\n\n<li>Useful before the examination.<\/li>\n\n\n\n<li>Helps with last-minute preparation.<\/li>\n\n\n\n<li>Supports regular practice with the quiz.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1782814946057\"><strong class=\"schema-faq-question\">1. Is the Supply and Demand topic important for the JAIIB exam?<\/strong> <p class=\"schema-faq-answer\">Yes, it is one of the important topics and frequently contributes multiple questions in the IE &amp; IFS paper.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782814947133\"><strong class=\"schema-faq-question\">2. What is demand in economics?<\/strong> <p class=\"schema-faq-answer\">Demand is the quantity of a good or service that consumers are willing and able to buy at different prices.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782814947692\"><strong class=\"schema-faq-question\">3. What is the law of demand?<\/strong> <p class=\"schema-faq-answer\">The law of demand states that as the price of a product increases, its demand decreases, keeping other factors constant.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782814948413\"><strong class=\"schema-faq-question\">4. What is market equilibrium?<\/strong> <p class=\"schema-faq-answer\">Market equilibrium is the point where the quantity demanded equals the quantity supplied, determining the equilibrium price.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782814948942\"><strong class=\"schema-faq-question\">5. What are the main determinants of demand?<\/strong> <p class=\"schema-faq-answer\">The main determinants of demand include price, consumer income, tastes and preferences, population, and prices of related goods.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/\">Attempt JAIIB IE &amp; IFS Supply and Demand Quiz, &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-preparation-strategy-for-non-commerce-students\/\">JAIIB Preparation Strategy for Non-Commerce Students, Study Tips<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-sustainable\/\">Attempt JAIIB IE &amp; IFS Sustainable Development Goals Practice Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-international-organization\/\">Attempt JAIIB IE &amp; IFS International Organizations Quiz, &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-last-30-days-study-plan\/\">JAIIB RBWM Last 30 Days Study Plan, Check Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-last-15-days-study-plan\/\">JAIIB AFM Last 15 Days Study Plan, Check Details<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Understanding Supply and Demand is one of the most important parts of the JAIIB Indian Economy &amp; Indian Financial System<\/p>\n","protected":false},"author":58,"featured_media":246562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-246555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt JAIIB IE &amp; IFS Supply and Demand Quiz, &amp; Download PDF<\/title>\n<meta name=\"description\" content=\"Learn about Supply and Demand concepts essential for the JAIIB exam, including equilibrium price and demand curves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempt JAIIB IE &amp; IFS Supply and Demand Quiz, &amp; Download PDF\" \/>\n<meta property=\"og:description\" content=\"Understanding Supply and Demand is one of the most important parts of the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) paper.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-30T11:04:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-30T11:04:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/06\/IIBF-1-7.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"Attempt JAIIB IE &amp; 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#faq-question-1782814946057\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-supply-and-demand\/#faq-question-1782814946057\",\"name\":\"1. 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