CBSE 12TH ECONOMICS - Online Test
Q1. The major source of Revenue receipts for the government is not
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Final goods are those goods
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. According to Marshall, the law of diminishing marginal utility applies on ___________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. Real exchange rate is the price of
Answer : Option B
Explaination / Solution:
Real exchange rate tells how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.
Q5. In a centrally planned economy, the central problems are solved by
Answer : Option B
Explaination / Solution:
Method which can be employed to solve the central problems is the adoption of economic planning. In this method, the solution of the various basic problems is not achieved through the free working of demand for and supply of goods and factors. But to solve these problems, Government sets up a central planning authority which has been called by several names, such as planning commission, planning ministry or planning board.
Q6. Average Revenue(AR) is
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. When a firm’s TR>TC, it can earn maximum profits
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Cash reserve ratio is a percentage of total deposits which the commercial bank keeps with the central bank by law.
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. MPC+MPS should always be equal to 1
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Indirect tax is a tax whose
Answer : Option A
Explaination / Solution:
No Explaination.
