CBSE 12TH ECONOMICS - Online Test
Q1. When TVC is zero at zero level of output, TFC
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Which one of the following is not a secondary function of money
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. When a firm’s average revenue are more than its average total cost its profit will be?
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. The average propensity to consume can be greater than one
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Public expenditure can be Development only
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. Depreciation is fall in value of fixed assets due to obsolescence. Is this information sufficient?
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. At the point of tangency the slope of the indifference curve is ___________?
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Fixed exchange rate is
Answer : Option D
Explaination / Solution:
A fixed exchange rate is a country's exchange rate regime under which the government or Central bank ties the official exchange rate to another country's currency or to the price of gold. The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band.
Q9. A movement along a PPC implies
Answer : Option C
Explaination / Solution:
The movement along the PPC from left to right shows that in order to produce more units of capital goods, the economy must sacrifice some amount of consumer goods
Q10. TFC is not zero at zero level of output as
Answer : Option B
Explaination / Solution:
No Explaination.
