CBSE 12TH ECONOMICS - Online Test
Q1. Positive economics states
Answer : Option A
Explaination / Solution:
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena.
Q2. Money costs mean
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Which of the following is the condition for equilibrium of a firm?
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. Open market operations is
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. The level of equilibrium income is determined by
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. One of the other two components of government expenditure in the budget are
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. An example of consumption goods is
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. The concept of marginal utility was developed by?
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. Balance of invisibles is the
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. Normative economics states
Answer : Option C
Explaination / Solution:
Normative economics is a part of economics that expresses value or normative judgements about economic fairness or what the outcome of the economy or goals of public policy ought to be.
