Subject

Economics

Class

CBSE Class 12

Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

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 Multiple Choice QuestionsShort Answer Type

21.

Define marginal propensity to consume.

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22.

Define government budget.


A government budget is a government document presenting the government's proposed revenues and spending for a financial year. It is a financial statement showing item-wise expected government receipts and government payments during a particular financial year. It also presents the government's report on the financial performance during the previous fiscal year.

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23.

Give meaning of balance of trade.

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24.

Define externalities. Give an example of negative externality. What is its impact on welfare?

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25.

Explain the significance of 'store of value' function of money.

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26.

Explain the significance of 'medium of exchange' function of money.

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27.

Is the following, revenue expenditure or capital expenditure in the context of government budget? Give reason.
(i) Expenditure on collection of taxes.
(ii) Expenditure on purchasing computers.

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28.

Explain the meaning of balance of payments deficit.

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29.

Recently Government of India has doubled the import duty on gold. What impact is it likely to have on foreign exchange rate and how?

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30.

Define money supply and explain its components.

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