CBSE Class 12 Economics pdf VBQs

  • CBSE Class 12 Economics Balance of Payments VBQs

    CBSE Class 12 Economics Balance of Payments VBQs 1. What is the likely effect of depreciation or devaluation of a currency of the country‘s foreign trade? Ans: It encourages exports from the country and discourages imports from rest of the world. 2. India is suffering from the problem of current...

  • CBSE Class 12 Economics Government Budget And The Economy VBQs

    MCQ Questions for NCERT Class 12 Economics Government Budget And The Economy Question: Which one of the following is not a capital expenditure?(a) Loans advanced by World Bank(b) Construction of school building(c)Repayment of loans(d) Tax receipts.  Answer: D Question: Primary deficit in a...

  • CBSE Class 12 Economics Determination of Income And Employment VBQs

    MCQ Questions for NCERT Class 12 Economics Aggregate Demand, Aggregate Supply and Related Concepts Question: According to the theory of Keynesian Economics,the value of the average propensity to consume can never be ……… .(a) zero(b) unity(c) more than one(d) less than one   Answer: A Question: If...

  • CBSE Class 12 Economics Money And Banking VBQs

    MONEY & BANKING 1) Out of the Bank rate policy and open market operations, which will you prefer in India? Ans: The bank rate policy should be preferred by the RBI because the policy of open market operations cannot be used effectively in our country. 2) Why should be the top most role of the...

  • CBSE Class 12 Economics National Income And Related Aggregates VBQs

    National Income and Related Aggregates 1. GDP of a Nation rose by 6%, does it represent real Growth of the Country? Ans . No, because inflationary growth must be discounted from it. 2. ―GDP does not include all the economic transactions in it‖. Comment, Ans . Indian Economy is an underdeveloped...

CBSE Class 12 Economics Balance of Payments VBQs

CBSE Class 12 Economics Balance of Payments VBQs

1. What is the likely effect of depreciation or devaluation of a currency of the country‘s foreign trade?

Ans: It encourages exports from the country and discourages imports from rest of the world.

2. India is suffering from the problem of current Account deficit .How is it met or fianced?

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Government Budget And The Economy VBQs

MCQ Questions for NCERT Class 12 Economics Government Budget And The Economy

Question: Which one of the following is not a capital expenditure?
(a) Loans advanced by World Bank
(b) Construction of school building
(c)Repayment of loans
(d) Tax receipts. 

Answer: D

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Determination of Income And Employment VBQs

MCQ Questions for NCERT Class 12 Economics Aggregate Demand, Aggregate Supply and Related Concepts

Question: According to the theory of Keynesian Economics,the value of the average propensity to consume can never be ……… .
(a) zero
(b) unity
(c) more than one
(d) less than one  

Answer: A

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Money And Banking VBQs

MONEY & BANKING

1) Out of the Bank rate policy and open market operations, which will you prefer in India?

Ans: The bank rate policy should be preferred by the RBI because the policy of open market operations cannot be used effectively in our country.

2) Why should be the top most role of the Central Bank in a developing economy like India?

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics National Income And Related Aggregates VBQs

National Income and Related Aggregates

1. GDP of a Nation rose by 6%, does it represent real Growth of the Country?

Ans . No, because inflationary growth must be discounted from it.

2. ―GDP does not include all the economic transactions in it‖. Comment,

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Forms Of Market VBQs Set A

FORMS OF MARKET AND PRICE DETERMINATION

VERY SHORT ANSWER TYPE QUESTIONS (1 MARK)

Question. What is the relationship between AR curve and demand curve in a monopoly market?
Answer. Both AR curve and demand curve are the same in a monopoly market.

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Consumers Behaviour And Demand VBQs

1. Keeping the health of the people in mind, the government should be considerate in fixing the .price of essential items like milk, as price elasticity of demand is;

Ans) a More than one b) less than one, c) equal to one d) zero

2. For proper allocation of his income, a consumer shall maximize his gain when the

Ans.a) MU=Price b) MU>Price c) MU<Price d)None

3. Price of petrol has increased. As a result, the consumer should:

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Introduction To Micro Economics VBQs

Very Short Answer Type Questions(1 Mark)

 

Question. Why does the problem of choice arise?

Answer :  Relative scarcity of resources having alternative uses in relation to unlimited wants, gives rise to an economic problem.

Question. Why does PPC look concave to the origin?

Answer :  PPC is concave to the origin because of increasing marginal rate of transformation (or increasing marginal opportunity cost).

 


Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

CBSE Class 12 Economics Value Based Questions Set A

Value Based Questions

Subject Economics

 


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Click for more Economics Study Material
More VBQs for Class 12 Economics
CBSE Class 12 Economics Balance of Payments VBQs
CBSE Class 12 Economics Forms Of Market VBQs
CBSE Class 12 Economics Forms Of Market VBQs Set A
CBSE Class 12 Economics Macro Budget VBQs
CBSE Class 12 Economics Value Based Questions Set A
CBSE Class 12 Economics Value Based Questions Set B
CBSE Class 12 Economics Value Based Questions Set C
CBSE Class 12 Economics VBQs In Hindi
Part A Microeconomics Chapter 1 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Micro Economics VBQs
CBSE Class 12 Economics Micro Economics VBQs
Part A Microeconomics Chapter 2 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Behaviour And Demand VBQs
CBSE Class 12 Economics Consumers Equilibrium And Demand To Micro Economics VBQs
Part A Microeconomics Chapter 3 Production and Costs
CBSE Class 12 Economics HOTs Production and Costs
CBSE Class 12 Economics Production and Costs VBQs
Part A Microeconomics Chapter 4 The Theory of the Firm under Perfect Competition
CBSE Class 12 Economics Producer Behaviour And Supply VBQs
Part A Microeconomics Chapter 5 Market Equilibrium
CBSE Class 12 Economics Market Equilibrium VBQs
Part B Macroeconomics Chapter 1 Introduction to Macroeconomics
CBSE Class 12 Economics Macro Economics VBQs
Part B Macroeconomics Chapter 2 National Income Accounting
CBSE Class 12 Economics National Income Accounting VBQs
Part B Macroeconomics Chapter 3 Money and Banking
CBSE Class 12 Economics Money And Banking VBQs
Part B Macroeconomics Chapter 4 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income And Employment VBQs
CBSE Class 12 Economics National Income And Related Aggregates VBQs
Part B Macroeconomics Chapter 5 Government Budget and The Economy
CBSE Class 12 Economics Government Budget And The Economy VBQs
Part B Macroeconomics Chapter 6 Open Economy Macroeconomics
CBSE Class 12 Economics Government Open Economy Macroeconomic VBQs

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