CBSE Class 12 Economics Boards 2021 Sample Paper Solved

QUESTIONS Marks PART A - MACRO ECONOMICS 1 Inventory is a ...................concept whereas the change in inventory is a ...................... concept. (Fill up the blank with correct alternative) a. stock, flow b. flow, stock c. stock, stock d. flow, flow   If in an…

CBSE Class 12 Economics Compartment Question Paper Solved 2020

SECTION A (MACRO ECONOMICS) 1. __________ (Aggregate Demand/Aggregate Supply) refers to total ex-ante expenditure in an economy during an accounting year. (Fill in the blank with the correct alternative)    2. State whether the following statement is true or false : ‘‘…

CBSE Class 12 Economics Boards 2020 Question Paper Solved Set E

SECTION – A (Macro-economics) 1. To reduce credit availability in the economy, the Central Bank may ______. (Choose the correct alternative)   (a) buy securities in the open market.   (b) sell securities in the open market.   (c) reduce reserve ratio.   (d) reduce repo rate…

CBSE Class 12 Economics Boards 2020 Question Paper Solved Set D

SECTION – A (Macro-economics) 1. Two components of money supply are _____ and _____. (Fill up the blank with correct answer). OR The main aim of monetary policy is _____. (Choose the correct alternative) (a) to bring price stability in the economy. (b) employment generation in…

CBSE Class 12 Economics Boards 2020 Question Paper Solved Set C

ECONOMICS SECTION A (Macro Economics) 1. Which of the following is not a non-tax revenue receipt ? (Choose the correct alternative) (A) Goods and Services tax (B) External grants (C) Dividends and profits (D) Disinvestment   2. Deflationary gap indicates _________ (excess/…

CBSE Class 12 Economics Boards 2020 Question Paper Solved Set B

ECONOMICS SECTION A (Macro Economics) 1. If the entire additional income of an economy is consumed, the value of investment multiplier will be _________ . (Choose the correct alternative) (A) zero (0) (B) not defined (∞) (C) one (1) (D) ten (10)   2. A car purchased by a…

CBSE Class 12 Economics Boards 2020 Question Paper Solved Set A

SECTION A (Macro Economics) 1. In order to control the money supply in the economy, the Central Bank may ________. (Choose the correct alternative)   (A) buy securities in the open market   (B) sell securities in the open market   (C) reduce cash reserve ratio   (D) reduce…

CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs

  Question :  Law of Diminishing Marginal Utility states that when more and more units of a commodity ate consumed, marginal utility: a) begins to increase  b) remains constant c) begins to decrease  d) becomes zero Answer :  begins to decrease…

CBSE Class 12 Economics Producer Behavior and Supply MCQs

Question :  MC=MR=AC=AR refers to long term equilibrium of  a) Competitive firm b) Oligopoly firm c) Monopoly firm d) None of these Answer :  Competitive firm   Question :  A firm reaches shut down point when  a) TR=TVC   …

CBSE Class 12 Economics Forms of Market and Price Determination MCQs

  Question :  In which kind of market, a firm is a price- taker? a) Perfect Competition b) Monopoly c) Monopolistic competition d) Oligopoly Answer :  A Question :  Firm’s demand curve under monopoly shows: a) No relationship between price and demand b)…

CBSE Class 12 Economics National Income and Related Aggregates MCQs

Question :  Those goods which satisfy human wants directly are called a) Intermediate goods          b) Consumer goods c) Capital goods d) None of these Answer :  Consumer goods   Question :  In the production of sugar,…

CBSE Class 12 Economics Cost and Revenue MCQs

Question. Suppose the total cost of production of a commodity X is 1,25,000 out of which implicit cost 35,000 and normal profit is 25,000. What would be the explicit cost of commodity? (a) 90, 000 (b) 65, 000 (c) 1,00,000 (d) 60, 000 Answer: B Question. Variable Costs are — (…

CBSE Class 12 Economics Microeconomics MCQs

  Question :  Which of the following is not concerned with the problem of choice ? a) Excessive income  b) Alternative use of resources c) Unlimited wants  d) Limited (scarce) resources Answer :  Excessive income    Question :  …

CBSE Class 12 Economics Money and Banking MCQs

  Question :  Barter system refers to that system where in: a) Goods are exchanged for goods b) Goods are not exchanged at all c) Goods are exchanged for domestic currency d) Goods are exchanged for foreign currency Answer :  Goods are exchanged for goods…

CBSE Class 12 Economics Determination of Income and Employment MCQs

  Question :  Which of the following indicates AD in an open economy? a) Private (household) Consumption Expenditure b) Household Investment Expenditure c) Government expenditure + private consumption expenditure d) Household consumption expenditure+ investment…