CBSE 12TH ECONOMICS - Online Test
Q1. Which of the following will have inelastic demand?
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Point out a demerit of flexible exchange rate
Answer : Option B
Explaination / Solution:
flexible exchange rates creates instablity because there is too frequent fluctuations in exchange rate under it create uncertainty about the exact amount of receipts and payments in foreign exchange transactions.And this instability hampers foreign trade and capital movements between the countries.
Q3. The basic economic problem arises in
Answer : Option B
Explaination / Solution:
Economic problem arises mainly due to two reasons- (i) human wants are unlimited (ii) means to satisfy human wants are scarce. The problem of scarcity is faced by an individual and the society. With wants unlimited and resources scarce, our wants cannot be fulfilled.
Q4. The situation of ‘abnormal profits’ arise for a firm when
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Which role of Central Bank makes it as the controller of money supply or credit
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. The relationship between TR and MR when price is constant.
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. If MPC =0.75, then MPS will be
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. A class of public expenditure is
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. National Income is a
Answer : Option E
Explaination / Solution:
No Explaination.
Q10. The value of elasticity in case of a horizontal line will be
Answer : Option C
Explaination / Solution:
No Explaination.
