CBSE 12TH ECONOMICS - Online Test
Q1. Vinod Limited sold patents costing Rs.20,000 in Rs.22,000. Treatment will be ---
Answer : Option D
Explaination / Solution:
Sale of patent is not an operating activity. Profit on sale of patents will be deducted in operating activities and sale price Rs.22,000 will be added in investing activities.
Q2. In short run which of the following factors can be changed easily
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. In which of the following types of market structures, are resources, assumed to be mobile?
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. Money over comes the problems of barter system. It is
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. APC+APS=
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. One of the two components of government budget are
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. Money flow is the flow of
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. Consumer’s surplus is also known as?
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. The upward sloping supply curve for the foreign exchange reflects
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. Cash paid against trade payable belongs to ------------
Answer : Option C
Explaination / Solution:
These are the company's core business activities, such as manufacturing, distributing, marketing and selling a product or service. Operating activities should generally provide the majority of a company's cash flow and largely determine whether a company is profitable.
