CBSE 12TH ECONOMICS - Online Test
Q1. Beyond producer’s equilibrium when MR
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. The process of money creation or credit creation IS done by
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. Consumption changes in the same direction as income. It is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. One of the two components of Revenue budget are
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Which of the following in an example of macro economics
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Indifference curve slopes___________?
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. If the demand for foreign exchange rises, supply schedule remaining the same, the exchange rate will rise. It is
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. Calculate Purchase on Investment. The information is Opening balance of Investment – Rs. 2,50,000, closing balance Investment – Rs. 5,00,000, Sale – Rs.1,37,500, Profit on sale – Rs.12,500.
Answer : Option C
Explaination / Solution:
Purchses= (Closing stock+Sales)-(Opening stock + Profit). Purchase of investment during the year Rs.3,75,000 i.e. (5,00,000 + 1,37,500) – (2,50,000 + 12,500) = 3,75,000
Q9. How is MPP derived from TPP
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. Before producer’s equilibrium when MR>MC, the firm earns only
Answer : Option B
Explaination / Solution:
No Explaination.
