CBSE 12TH ECONOMICS - Online Test
Q1. A component of current account of the BOP account is
Answer : Option A
Explaination / Solution:
Current account of balance of payment is trade balance & trade balance includes exports and imports of goods and services.
Q2. What causes an economy to produce more of Good X and no less of Good Y?
Answer : Option D
Explaination / Solution:
Technology is the advancement of the society as a whole. Better technology means that you can figure out more efficient production techniques thereby leading the economy to create a scope to move the PPC further to the right
Q3. The situation of ‘normal profits’ arise for a firm when
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. One of the various qualitative instruments used by the central bank in during inflation is
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. The break- even point is where TR=TC
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. The formula of investment multiplier in terms of MPC is
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. Revenue expenditure is incurred on normal functioning of the govt. Administration. It is
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Investment is a
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Which of the following will have elastic demand?
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. Currency depreciation occurs when
Answer : Option C
Explaination / Solution:
No Explaination.
