CBSE 12TH ECONOMICS - Online Test
Q1. APC= 1-APS. It is
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. An example of a direct tax is
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. An example of capital goods is
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. An indifference curve is always?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Nominal exchange rate is the price of
Answer : Option B
Explaination / Solution:
The nominal exchange rate is defined as the number of units of the domestic currency that can purchase a unit of a given foreign currency. A decrease in this variable is termed nominal appreciation of the currency.
Q6. What is the other name for opportunity cost in economics
Answer : Option B
Explaination / Solution:
Opportunity Cost is also known as Economic Opportunity Loss and it is the highest value alternative forgone. Moreover, Real cost is the fixed cost, which you have paid and therefore, opportunity cost is not a real cost.
Q7. Revenue for a firm is
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. The break- even point where TR=TC, the firm cannot earn abnormal profits
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Cash reserve ratio is a percentage of total deposits which the central bank keeps with the commercial banks by law.
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. APS= 1+APC. It is
Answer : Option C
Explaination / Solution:
No Explaination.
