CBSE 12TH ECONOMICS - Online Test
Q1. The investment multiplier is the ratio of
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Fiscal deficit includes borrowings. It is
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. Flow is a concept which is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Indifference curve depicts
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Point out a merit of fixed exchange rate
Answer : Option B
Explaination / Solution:
Exchange rate stability, it is said, is necessary for orderly development of the international economy and rapid growth of world trade.
If the exchange rate is unstable or variable, the exporters will not be certain about the price they would receive for the goods to be expedited by them; the importers will not be certain about the price and the payments they have to make for their imports.2
Q6. The branch of economics dealing with the problem of allocation of resources is
Answer : Option B
Explaination / Solution:
Microeconomics is the social science that studies the implications of individual human action, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another.
Q7. The relationships between TR and MR when price fall is
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. The broad definition of money is based on
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. What should firm do when marginal revenue is greater than marginal cost?
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. What can be the minimum value of the investment multiplier?
Answer : Option B
Explaination / Solution:
No Explaination.
