CBSE 12TH ECONOMICS - Online Test
Q1. If domestic autonomous demand increases by 100, in a open economy output will increase by
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. One of the characteristics of economic resource is scarcity. Which is the other?
Answer : Option D
Explaination / Solution:
Economic resources are the assets which an economy may have available to supply and produce goods and services to meet the ever changing needs and wants of individuals and society as a whole.
Q3. Cost function shows
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. When ___________, the firms are earning just normal profit:
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Lending rate is for
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. The investment demand function is
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. One of the two components of government expenditure in the budget are
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. Consumption goods are those which are bought to satisfy wants
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. Utility is measured in terms of?
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. The balance of payment is a more comprehensive than balance of trade concept. It is
Answer : Option C
Explaination / Solution:
No Explaination.
