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CBSE 12TH ECONOMICS - Online Test
cbse 12th economics
TEST : 5
Producer Behaviour and Supply
Prepare / Learn
Q1.
In short run TPP changes with the change in
A.
Total Product
B.
Average cost
C.
Marginal Product
D.
Average product
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
Forms of Market and Price Determination
Prepare / Learn
Q2.
At producer’s equilibrium when MR=MC, the firm earns only
A.
Abnormal profit
B.
Normal loss
C.
Normal Profit
D.
Abnormal loss
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
Money and Banking
Prepare / Learn
Q3.
One of the measures of money supply is
A.
N1
B.
P1
C.
O1
D.
M1
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
Determination of Income and Employment
Prepare / Learn
Q4.
APC+APS should always be equal to 1
A.
None of these
B.
1
C.
FALSE
D.
Depends on their values
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
Government Budget and the Economy
Prepare / Learn
Q5.
One more of the two components of government budget are
A.
Expenditure budget
B.
Income budget
C.
Investment budget
D.
Capital budget
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
National Income and Related Aggregates
Prepare / Learn
Q6.
State which one of the following is true.
A.
Gross domestic capital formation is always greater than gross fixed capital formation.
B.
Capital formation is a flow
C.
Bread is always a consumer good.
D.
Nominal GDP can never be less that real GDP
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
Consumers Equilibrium and Demand
Prepare / Learn
Q7.
____________ shows various combinations of two goods that give same amount of satisfaction to the consumer?
A.
Indifference curve
B.
Marginal utility curve
C.
Isocost curve
D.
Isoquant
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
Balance of Payments
Prepare / Learn
Q8.
The downward sloping demand curve for the foreign exchange reflects
A.
Direct relationship
B.
Exponential relationship
C.
Inverse relationship
D.
Indirect relationship
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
Introduction to Economics
Prepare / Learn
Q9.
Interest received on investment will be___________
A.
Added (Financing Activities)
B.
Deducted (Financing Activities)
C.
Added (Investing activities)
D.
Deducted (Investing activities)
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
Interest received on investment is a revenue receipt and added in investing activities while preparing cash flow statement.
Producer Behaviour and Supply
Prepare / Learn
Q10.
How is TPP derived from MPP
A.
Cumulative addition
B.
Cumulative product
C.
Cumulative division
D.
Cumulative subtraction
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
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