CBSE 12TH ECONOMICS - Online Test

Q1. The demand curve for foreign exchange is
Answer : Option D
Explaination / Solution:
No Explaination.


Q2. In Economics, a good is something which
Answer : Option D
Explaination / Solution:

In Economics, goods are materials that satisfy human wants and provide utility. A good may be a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it.

Q3. production function shows
Answer : Option B
Explaination / Solution:
No Explaination.


Q4. Which of the following statements regarding utility is not true?
Answer : Option D
Explaination / Solution:

Utility is a subjective concept and varies from person to person, at different times and at different places. There cannot be a standardised measure for utility. Therefore, the point that utility always measurable is not true.

Q5. Marginal revenue in any competitive situation is?
Answer : Option C
Explaination / Solution:
No Explaination.


Q6. Central Bank is an
Answer : Option C
Explaination / Solution:

It is the highest banking authority in an economy. Therefore, it is also known as apex body in banking sector.

Q7. In a two sector economy Aggregate Demand equals
Answer : Option C
Explaination / Solution:
No Explaination.


Q8. The government budget is an
Answer : Option A
Explaination / Solution:
No Explaination.


Q9. Explain the meaning of non-market activities
Answer : Option C
Explaination / Solution:
No Explaination.


Q10. Which of the following utility approach is based on the theory of Alfred Marshall?
Answer : Option D
Explaination / Solution:
No Explaination.