CBSE 12TH ECONOMICS - Online Test
Q1. Other name by which average revenue curve known:
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. Money supply is the total stock of currency and coins held by the government
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Multiplier tells us what will be the
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Direct tax is a tax whose
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. An example of non durable goods is
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. MU1 + MU2 + ……..MUn represents?
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Currency appreciation occurs when
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. The basic assumption regarding resources while drawing a PPC is
Answer : Option B
Explaination / Solution:
Since human wants are unlimited and the means to satisfy them are limited, every society is faced with the fundamental problem of choosing and allocating its scarce resources among alternative uses. The production possibility curve or frontier is an analytical tool which is used to illustrate and explain this problem of choice.
Q9. opportunity cost is the
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. The break- even point is only where MR=MC
Answer : Option A
Explaination / Solution:
No Explaination.
