### 12th Standard CBSE Economics Study material & Free Online Practice Tests - View and download Sample Question Papers with Solutions for Class 12 Session 2019 - 2020 CBSE

#### 12th CBSE Economics Government Budget Model Question Paper - by Deepika Taneja - Kozhikode Aug 13, 2019 - View & Download

• 1)

----------- is the year which begins on 1st April and ends on 31st March of the following year

• 2)

------------- taxes do not depend on the level of income.

• 3)

Fiscal deficit is equal to----------

• 4)

A Government budget is prepared for a fiscal year running from:

• 5)

Which of the following statement is true?

#### 12th Standard CBSE Economics Determination of Income and Employment Model Question Paper - by Deepika Taneja - Kozhikode Aug 05, 2019 - View & Download

• 1)

Investment is an addition to_______

• 2)

In case of excess demand, RBI ............... the bank rate or interest rate which makes the credit dear.

• 3)

Out of the following which value can be greater than one?

• 4)

When the value of MPC is 0.7, the value of MPS will be:

• 5)

Full employment implies absence of:

#### 12th Standard CBSE Economics Unit 7 Money and Banking Model Question Paper - by Deepika Taneja - Kozhikode Aug 03, 2019 - View & Download

• 1)

Money is most liquid of all assets because

• 2)

Measurement of value of all goods and services refers to which of the following of money?

• 3)

Which out of the following is an attractive and easy medium of exchange?

• 4)

For performing which function of money, it should be generally acceptable::

• 5)

Which of the following instrument deals with the qualitative credit control?

#### 12th CBSE Economics Unit 6 National Income and Its Measurement Model Question Paper - by Deepika Taneja - Kozhikode Jul 31, 2019 - View & Download

• 1)

Transfer payments are ..........

• 2)

Transfer payments are ..........

• 3)

Real National Income means the National Income measured in terms of ........

• 4)

GNP Deflator = $\frac { Nominal\quad GNP }{ ? } \times 100$

• 5)

In GNP calculation, which of the following should be excluded?

#### 12th CBSE Economics Unit 5 Macroeconomics and Circular Flow of Income Important Question Paper - by Deepika Taneja - Kozhikode Jul 29, 2019 - View & Download

• 1)

Which concept is known as the study of aggregates?

• 2)

The goods which are ready to be used by the producers are called..........

• 3)

Which variables are defined as any quantity measured at a particular point of time?

• 4)

When households and firms borrow from the financial market, they constitute .........

• 5)

.......... refers to the flow of money across different sectors of the economy.

#### 12th CBSE Economics Unit 4 Forms of Market and Price Determination Important Question Paper - by Deepika Taneja - Kozhikode Jul 27, 2019 - View & Download

• 1)

In Perfect competition, as the firm is a price taker, the ____________ curve is a horizontal straight line.

• 2)

Monopolist can determine  _________

• 3)

Market which has a few large firms is _________

• 4)

Which of the following is not an essential condition of pure competition ?

• 5)

Firm in a monopolistic market has - control over price.

#### 12th Standard CBSE Economics Unit 3 Economics, Economy and Its Central Problems Important Question Paper - by Deepika Taneja - Kozhikode Jul 26, 2019 - View & Download

• 1)

Which of the following is related to microeconomics?

• 2)

The study of microeconomics and macroeconomics is ......... .

• 3)

Which one of the following is not the feature of socialist economy?

• 4)

In free market economy, the allocation of resources is determined by ...... .

• 5)

Central economic problems are the problems of a ......... .

#### 12th CBSE Economics Unit 2 Consumer's Equilibrium and Demand Important Question Paper - by Deepika Taneja - Kozhikode Jul 25, 2019 - View & Download

• 1)

Total utility derived from consumption of commodity will begin to fall ..............

• 2)

Law of Diminishing Marginal Utility assumes the Marginal Utility of money to be .........

• 3)

........... curve is a downward sloping curve cutting the X-axis

• 4)

Utility approach is ...........

• 5)

A rational consumer prefers A(10,6) over B(8,4) which kind of preference is this?

#### 12th Standard CBSE Economics Chapter 1 Important Question Paper - by Deepika Taneja - Kozhikode Jul 18, 2019 - View & Download

• 1)

Which of the following is related to microeconomics?

• 2)

The study of microeconomics and macroeconomics is ......... .

• 3)

Which one of the following is not the feature of socialist economy?

• 4)

In free market economy, the allocation of resources is determined by ...... .

• 5)

Central economic problems are the problems of a ......... .

#### Economics CBSE Class 12 First Revision Test paper with answer - by Bala Dec 29, 2018 - View & Download

• 1)

Why is a PPC downward sloping from left to right?

• 2)

Ceteris Paribus, if the government provides subsidies on electricity bills, what would be the likely change in the market demand of desert coolers?

• 3)

Define variable costs.

• 4)

What is that market called wherein there are only few sellers (firms)?

• 5)

What is a negative externality?

#### 12th Standard CBSE Economics Model Question Paper - by Bala Dec 29, 2018 - View & Download

• 1)

How is an economic problem a choice making activity?

• 2)

What happens to TU when MU is positive?

• 3)

Define fixed costs.

• 4)

Define perfect competition.

• 5)

Define circular flow of income.

#### Economics CBSE Class 12 Model NCERT Questions and answer - by Bala Dec 29, 2018 - View & Download

• 1)

Name any two central problems of an economy.

• 2)

Give equation of Budget Line.

• 3)

What causes an upward movement along a supply curve of commodity?

• 4)

What happens when the government imposes price Hoor?

• 5)

Complete the equation: NNPFC = NNPMP - .......................

#### Money and Banking Important Questions from CBSE 12th Economics - by Bala Dec 14, 2018 - View & Download

• 1)

Money is most liquid of all assets because

• 2)

Measurement of value of all goods and services refers to which of the following of money?

• 3)

Banks not only accept deposits but also  ............ savings

• 4)

The Process of credit creation in an economy  is affected by

• 5)

Central bank control credit creation of banks by ............

#### 12th CBSE Economics Determination of Income and Employment Important Questions - by Bala Dec 10, 2018 - View & Download

• 1)

Investment is an addition to_______

• 2)

Aggregate Supply=Consumption+___________.

• 3)

Value of aggregate supply equals:

• 4)

In a situation of 'Deficient demand' at the full employment level of income:

• 5)

If MPC = 0, the value of multiplier is:

#### 12th Economics Government Budget Important Question - by Bala Dec 01, 2018 - View & Download

• 1)

----------- is the year which begins on 1st April and ends on 31st March of the following year

• 2)

------------- taxes do not depend on the level of income.

• 3)

Which of the following statement is true?

• 4)

Subsidies are an example of:

• 5)

Primary deficit in a government budget equals: (Choose the correct alternative)

#### 12th Standard Economics Foreign Exchange Rate and Balance of Payments Important Question Paper - by Bala Nov 30, 2018 - View & Download

• 1)

............... is a situation when 'managed floating' is exercised by the central bank.

• 2)

Balance of payments deficit is calculated by taking into account the ............... only.

• 3)

Which items are excluded in BOT, but included in BoP?

• 4)

Other things remaining the same, when foreign currency becomes cheaper, them effect on national income is likely to be : (Choose the correct alternative).

• 5)

Unilateral transfers are a part of:

#### 12th Standard Economics Revision Model Question Paper 1 - by Bala Nov 29, 2018 - View & Download

• 1)

Which of the following is an assumption of Production Possibility Frontier?

• 2)

How does total revenue behave when marginal revenue falls but remains positive?

• 3)

What does a point below production possibility curve indicate?

• 4)

Define utility.

• 5)

What will happen to equilibrium price, when demand is perfectly elastic and supply increases?

#### 12th Standard CBSE Economics Revision Test - by Bala Sep 15, 2018 - View & Download

• 1)

What is the time period of the Great Depression?

• 2)

............. is addition to the stock of fixed assets of producers during an accounting year.

• 3)

Gross Investment= Net Investment + ............

• 4)

Real National Income means the National Income measured in terms of ........

• 5)

Personal Disposable Income means .........

#### 12th Standard CBSE Economics Term Test Model Questions - by Bala Sep 15, 2018 - View & Download

• 1)

Best shape of PPC reflects ........ .

• 2)

According to economic growth, Production Possibility Curve will show ....... .

• 3)

Microeconomics is not concerned with the behaviour of:

• 4)

The opportunity cost of watching a movie will be equal to;

• 5)

When there is an improvement in technology, holding everything else constant:

#### Foreign Exchange Rate And Balance Of Payments - Important Questions Model Paper In 12th Economics - by Bala Jul 31, 2018 - View & Download

• 1)

............... is a situation when 'managed floating' is exercised by the central bank.

• 2)

Which items in Balance of payments are also called 'above the line' items?

• 3)

Balance of Trade refers to balance of exports and imports of:

• 4)

If the price of 1 US\$ has fallen from Rs 56 to Rs 52, the Indian currency has:

• 5)

Which exchange rate is officially declared by the government?

#### Government Budget - Important Questions Model Paper In 12th Economics - by Bala Jul 31, 2018 - View & Download

• 1)

----------- is the year which begins on 1st April and ends on 31st March of the following year

• 2)

---------- items are those items which do not create a liability or do not lead to reduction in assets.

• 3)

Fiscal deficit is equal to----------

• 4)

Which out of the following is a non-developmental expenditure?

• 5)

The non-tax revenue in the following is: (choose the correct alternative

#### Determination Of Income And Employment - Important Questions Model Paper In 12th Economics - by Bala Jul 31, 2018 - View & Download

• 1)

Investment is an addition to_______

• 2)

If the investment multiplier is 1, what will be the value of Marginal Propensity to Consume?

• 3)

APC is obtained by:

• 4)

Which out the following is a monetary measure to correct deficient demand?

• 5)

If MPC = 0, the value of multiplier is:

#### Money And Banking - Important Questions Model Paper In 12th Economics - by Bala Jul 31, 2018 - View & Download

• 1)

Money is most liquid of all assets because

• 2)

Banks not only accept deposits but also  ............ savings

• 3)

Number of times the total deposits would be of the initial deposit is determined by :

• 4)

The part of LRR kept by the banks themselves is called::

• 5)

A Government budget is prepared for a fiscal year running from:

#### National Income And Its Measurement - Important Questions Model Paper In 12th Economics - by Bala Jul 30, 2018 - View & Download

• 1)

Transfer payments are ..........

• 2)

.......... is the income which accrues to the private sector from all sources.

• 3)

In GNP calculation, which of the following should be excluded?

• 4)

Which of the following represents National Income?

• 5)

Goods purchased for satisfaction of wants are

#### 12th Economics Model Question Paper 1 - by Bala Jul 30, 2018 - View & Download

• 1)

Which concept is known as the study of aggregates?

• 2)

The goods which are ready to be used by the producers are called..........

• 3)

Gross Investment= Net Investment + ............

• 4)

Which variables are defined as any quantity measured at a particular point of time?

• 5)

.......... refers to the flow of money across different sectors of the economy.

#### Forms Of Market And Price Determination - Important Questions Model Paper In 12th Economics - by Bala Jul 30, 2018 - View & Download

• 1)

In Perfect competition, as the firm is a price taker, the ____________ curve is a horizontal straight line.

• 2)

Market which has a few large firms is _________

• 3)

an increase in demand with unchanged supply leads to_______

• 4)

The individual demand and supply functions of a product are given as: ${ D }_{ x }=10-2{ P }_{ x },{ S }_{ x }=20+2{ P }_{ x }$ where  ${ P }_{ x }$ stands for price and ${ D }_{ x }$ and ${ S }_{ x }$ respectively stands for quantity demanded and quantity supplied.If there are 4000 consumers and 1000 firms in the market, then quantity demanded and supplied at the equilibrium price of Rs.2 is:

• 5)

The number of buyers and sellers in the industry are large, this implies that:

#### Producer's Behaviour And Supply - Important Questions Model Paper In 12th Economics - by Bala Jul 30, 2018 - View & Download

• 1)

Supply of a commodity is ............. concept.

• 2)

Elasticity of supply is defined aas a measure of the responsiveness of quantity supplied of  good to change in

• 3)

Increasing returns is applicable because of .............

• 4)

Area under MC curve is ................... .

• 5)

For a perfectly competitive market, price would be equivalent to:

#### Consumer's Equilibrium And Demand - Important Questions Model Paper In 12th Economics - by Bala Jul 27, 2018 - View & Download

• 1)

Total utility derived from consumption of commodity will begin to fall ..............

• 2)

........... curve is a downward sloping curve cutting the X-axis

• 3)

Utility approach is ...........

• 4)

Identify the law in the statement below:
A consumer with a given income allocates his expenditure among commodities, so that last rupee spent on each brings equal Marginal Utility.

• 5)

A rational consumer prefers A(10,6) over B(8,4) which kind of preference is this?

#### Economy And Its Central Problems - Important Questions Model Paper In 12th Economics - by Bala Jul 27, 2018 - View & Download

• 1)

Which of the following is related to microeconomics?

• 2)

Which one of the following is not the feature of socialist economy?

• 3)

The usual shape of Production Possibility Curve is .......... towards the origin.

• 4)

Economics is:

• 5)

Macroeconomics deals with

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#### CBSEStudy Material - Sample Question Papers with Solutions for Class 12 Session 2019 - 2020

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