CBSE 12TH ECONOMICS - Online Test
Q1. Balance of payment Accounts is a
Answer : Option C
Explaination / Solution:
Balance of payment account is a systematic record of all economic transactions between residents of home country and residents of foreign countries during a given point of time.
Q2. The problem of ‘ How to’ is making a choice between
Answer : Option D
Explaination / Solution:
Technology means the correct proportion in which the different factors of production are to be employed. There are two types of techniques. A labour-intensive technique would employ relatively more labour and less capital. On the other hand, capital- intensive technique means more capital and less labour.The context of how to produce is ‘which techniques are to be adopted’?
Q3. AVC and AFC always lie below AC because
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. One of the primary functions of money is
Answer : Option A
Explaination / Solution:
No Explaination.
Q5.
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. The value of APS can be negative when
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Public expenditure can be planned only
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Net income from property and entrepreneurship is a component of Net Factor Income from Abroad
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. A curve which first moves upwards then downwards is__________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. A source of demand for foreign exchange is
Answer : Option A
Explaination / Solution:
No Explaination.
