CBSE 12TH ECONOMICS - Online Test
Q1. Fiscal deficit
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Can the net factor income earned from abroad be positive?
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. Which of the following assumption is not necessary for the cardinal utility theory?
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. Foreign exchange rate of a country is the
Answer : Option D
Explaination / Solution:
Foreign exchange rate defines the price of currency of domestic country in terms of foreign currency
Q5. The normative economic analysis deals with the variables
Answer : Option A
Explaination / Solution:
Normative economic analysis refers to the analysis in which we study whether a particular mechanism is desirable or not. In this analysis, we study what ought to be the desired situation or in what ways the economic problems should be solved. In other words, it is concerned with what should be and what should not be, and what is desirable and what is not?
Q6. Diagrammatically AC has a U shape. The statement is
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. One of the functions of Central Bank among the following is
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Is AR = price
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. If MPC is less than one, it follows that
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Fiscal deficit is equal to
Answer : Option C
Explaination / Solution:
No Explaination.
