CBSE 12TH ECONOMICS - Online Test
Q1. Money is something that is
Answer : Option D
Explaination / Solution:
Money is widely accepted as a medium of exchange. It can be used to buy a commodity.
Q2. The law of Psychological consumption states
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. One of the other two components of Revenue budget are
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. Microeconomics is different from macroeconomic s as
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. _____________ is defined as the difference between what the consumer is willing to pay for a product and what he actually pays?
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. If the Supply of foreign exchange rises, demand schedule remaining the same, the exchange rate will rise. It is
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. Under which type of activity will you classify the sale of shares of another company while preparing cash flow statement?
Answer : Option C
Explaination / Solution:
Sale of shares of other company are part of investment which is now sold by the company. It is sale of investment, so it will take place in investing activity.
Q8. How is APP derived from TPP
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. A producer’s equilibrium is a situation when
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Barter system is
Answer : Option A
Explaination / Solution:
No Explaination.
