CBSE 12TH ECONOMICS - Online Test
Q1. The lender of last resort is a function of
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. Autonomous consumption is assumed to be at
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Direct tax is a tax which is imposed on
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. An example of semi durable goods is
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. A budget constraint line is a result of?
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. When currency becomes less valuable for the Rest of the world, it is called
Answer : Option B
Explaination / Solution:
Currency's value goes up (or down) if the demand for it goes up more (or less) than the supply does. In the short run this can happen unpredictably for a variety of reasons, having to do with trade flows,speculation, or other factors in the international capital market.
Q7. A PPC is downward sloping and____________ to the origin. Choose the correct option.
Answer : Option A
Explaination / Solution:
PPFs are normally drawn as bulging upwards or outwards from the origin ("concave" when viewed from the origin), but they can be represented as bulging downward (inwards) or linear (straight), depending on a number of assumptions. A PPF illustrates several economic concepts, such as scarcity of resources, opportunity cost, productive efficiency, allocative efficiency, and economies of scale.
Q8. The difference you find between fixed and variable costs
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. The break- even point where TR=TC, the firm earns normal profits only
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. The lender of last resort is not a function of
Answer : Option A
Explaination / Solution:
No Explaination.
