CBSE 12TH ECONOMICS - Online Test
Q1. An indifference curve indicates, ceteris paribus?
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Managed floating exchange rate is a system in which the
Answer : Option D
Explaination / Solution:
Managed flow regeime is the current international finance environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries' exchange rates by buying and selling currencies. It is also known as a dirty flow.
In an increasingly integrated world economy, the currency rates impact any given country's economy through the trade balance. In this aspect, almost all currencies are managed since central bank or government intervene to influence the value of their currencies.
Q3. An economy always produces on, but not inside a PPC.
Answer : Option B
Explaination / Solution:
When an economy produces on PPC it mean there is no unemployment and all the resources are fully and being used efficiently but practically . If there is unemployment or inefficient use of resources an economy will operate inside the PPC.
Q4. Market supply is best defined as
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Statutory Liquidity ratio is a percentage of total deposits which the commercial bank keeps with the central bank by law.
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. When a firm’s TR>TC, it cannot cover its normal profit
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. The saving is negative at
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Budgetary policies relate to
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. In a two sector circular flow model the two sectors are
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. The coefficient of price elasticity of demand is always
Answer : Option A
Explaination / Solution:
No Explaination.
