CBSE Class 12 Economics Chapter MCQ

  • 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    Question :  When total utility is maximum,...

  • 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     b) TR=TC c) TC = AVC d) MC=AC Answer :  TR=TVC       Question :  TR...

  • 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 :  Perfect Competition   Question :  Firm’s demand cuve under monopoly shows: a) No relationship between price and demand b) Inverse relationship...

  • 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, sugarcane is a) A final good b) A capital good c) An Intermediate good d)...

  • CBSE Class 12 Economics Cost and Revenue MCQs

    Question :  The costs which vary as the level of output varies are called:                 a) Prime costs     b) Indirect costs c) Real costs      d) None of these Answer :  Prime costs       Question :  Per unit cost of a good is called a) Total fixed cost    b) Variable cost c) Average cost...

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 

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

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

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

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 :  Perfect Competition

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

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

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

CBSE Class 12 Economics Cost and Revenue MCQs

Question :  The costs which vary as the level of output varies are called:                

  • a) Prime costs    
  • b) Indirect costs
  • c) Real costs     
  • d) None of these

Answer :  Prime costs    

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

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 

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

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

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

CBSE Class 12 Economics Determination of Income and Employment MCQs

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

CBSE Class 12 Economics Government Budget and The Economy MCQs

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs

Question :  The exchange rate at which demand for foreign currency becomes equal to its supply called

  • a) Equal rate of exchange
  • b) Unequal rate of exchange 
  • c) Equilibrium rate
  • d) All of these

Answer :  Equilibrium rate

 

 


Click for more Economics Study Material
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics Cost and Revenue MCQs
CBSE Class 12 Economics Producer Behavior and Supply MCQs
Part A Microeconomics Chapter 4 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 6 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ
CBSE Class 12 Economics National Income and Related Aggregates MCQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 5 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs
CBSE Class 12 Economics Open Economy Macroeconomics MCQs

Pages

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Online courses for classes XI and XII offered by NCERT

Ministry of Education (MoE), Government of India has launched a platform for offering Massive Open Online Courses (MOOCs) that is popularly known as SWAYAM (Study Webs of Active learning for Young Aspiring Minds) on 9 th July, 2017. NCERT now offers online courses for...

Heritage India Quiz 2021 2022

CBSE Heritage India Quiz is conducted every year to raise the awareness about the preserving human heritage, diversity and vulnerability of the India's built monuments and heritage sites. It is an attempt of the Board to motivate the future generations of this country...

Surya Namaskar Project on 75th Anniversary of Independence Day

Ministry of Education, Govt of India vide letter No. F.No. 12-5/2020-IS-4 dated 16.12.2021 has intimated that under the banner Azadi ka Amrit Mahotsav the National Yogasanasports Federation has decided to run a project of 750 million Surya Namaskar from 01 January 2022...

CBSE Reading Challenge

The acquisition of 21st century competencies of communication, critical and creative thinking and the ability to locate, understand and reflect on various kinds of information has become more crucial for our learners. It is well accepted that Reading Literacy is not...

All India Children Educational Audio Video Festival

The Central Institute of Educational Technology (CIET), a constituent unit of National Council of Educational Research and Training (NCERT), is inviting entries for the 26th All India Children’s Educational Audio Video Festival (AICEAVF). This festival showcases the...

Celebration of Matribhasha Diwas Mother Language day

UNESCO has declared 21st February of every year to be celebrated as International Mother Language day to promote dissemination of Mother Language of all, create awareness of linguistic and cultural traditions and diversity across the world and to inspire solidarity...