CBSE 12TH ECONOMICS - Online Test
Q1. The supply of foreign exchange and the exchange rate has
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. A resource is a
Answer : Option B
Explaination / Solution:
A resource is a source or supply from which benefit is produced. An item becomes a resource with time and developing technology.Typically resources are materials, energy, services, staff, knowledge, or other assets that are transformed to produce benefit and in the process may be consumed or made unavailable.
Q3. In the short run TPP changes with the change in which of the following factors
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. While a seller under perfect competition equates price and MC to maximize profits a monopolist should equate?
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. Money is a medium of
Answer : Option D
Explaination / Solution:
Money is universally accepted as a medium of exchange. It can be used to buy anything worldwide.
Q6. APC =
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. The government budget shows the government’s
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Nominal GNP is same as
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. _____________ is the addition to total utility by the consumption of one additional unit of the commodity?
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. The supply curve of foreign exchange is
Answer : Option C
Explaination / Solution:
No Explaination.
