CBSE 12TH ECONOMICS - Online Test
Q1. What to produce also deal with what quantities to produce.
Answer : Option D
Explaination / Solution:
The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal.
Q2. TVC curve starts from origin as
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. One of the secondary functions of money is
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. Automobile industry is an example of?
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. At low level of income saving is negative.
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. Public expenditure can be unplanned only
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. Depreciation is fall in value of fixed assets due to normal wear and tear. Is this information sufficient?
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Which of the following is one of the assumptions of the indifference curve analysis?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. A deficit in balance of trade indicates
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Can there be an economy without economic problems
Answer : Option D
Explaination / Solution:
The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are scarce.
