CBSE 12TH ECONOMICS - Online Test
Q1. Wealth is a
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. If two negatively sloped demand curves intersect then elasticity of demand at the point of intersection will be
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Point out a demerit of fixed exchange rate
Answer : Option B
Explaination / Solution:
yes it contradicts with the objectives of free markets .It can be explained as
suppose,
· If a currency is falling below its band the government will have to intervene. It can do this by buying sterling but this is only a short term measure.
· The most effective way to increase the value of a currency is to raise interest rates. This will increase hot money flows and also reduce inflationary pressures.
· However higher interest rates will cause lower AD and economic growth, if the economy is growing slowly this may cause a recession and rising unemployment
Q4. Capital intensive technique would get chosen in
Answer : Option B
Explaination / Solution:
Capital surplus is a term used by economists to denote capital inflows in excess of capital outflows on a country's balance of payment's.
Q5. Where does breakeven point lie in a diagram?
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. The broad definition of money is not based on
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. Price taker firms
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Complete the flow __________
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. Fiscal deficit is unhealthy for economic development as
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. water in a tank is a
Answer : Option D
Explaination / Solution:
No Explaination.
