CBSE 12TH ECONOMICS - Online Test
Q1. The fraction of deposits is kept as Cash Reserves by the commercial banks with the
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. A firm maximizes its profits just when MR=MC and it is sufficient
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. The important factor influencing the propensity to consume in an economy is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Revenue Expenditure
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Can the gross domestic product be greater than the gross national product?
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. Total utility curve:
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. Depreciation is a
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Who gets how much in an economy is best described by which of the following central problems?
Answer : Option A
Explaination / Solution:
For whom to produce refers to selection of the category of people who will ultimately consume the goods, i.e. whether to produce goods for more poor and less rich or more rich and less poor. Since resources are scarce in every economy, no society can satisfy all the wants of its people.
Q9. Variable costs vary with output because
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. The fraction of deposits kept as Cash Reserves by the commercial banks is called
Answer : Option A
Explaination / Solution:
No Explaination.
