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

Download the PDF Sample Papers Free for off line practice and view the Solutions online.
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 Multiple Choice QuestionsLong Answer Type

11.

State the different phases of changes in Total Product and Marginal Product in the Law of Variable Proportions. Also show the same in a single diagram.

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12.

Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain.

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13.

Market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.

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 Multiple Choice QuestionsMultiple Choice Questions

14.

The value of multiplier is

  • 1/MPC

  • 1/MPS

  • 1/(1-MPS)

  • 1/(1-MPS)

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15.

Borrowing in government budget is

  • Revenue deficit

  • Fiscal deficit

  • Primary deficit

  • Primary deficit


B.

Fiscal deficit

Fiscal deficit: The fiscal deficit is defined as the excess of government revenue over government expenditure. Hence borrowing in government budget is a fiscal deficit.

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16.

The non-tax revenue in the following is

  • Export duty

  • Import duty

  • Dividends

  • Dividends

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17.

Other things remaining unchanged, when in a country the price of foreign currency
rises, national income is (choose the correct alternative)

  • Likely to rise

  • Likely to fall

  • Likely to rise and fall both

  • Likely to rise and fall both

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 Multiple Choice QuestionsShort Answer Type

18.

What is 'aggregate supply' in macroeconomics?

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19.

If Real GDP is Rs. 200 and Price Index (with base = 100) is 110, calculate Nominal GDP.

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20.

Name the broad categories of transactions recorded in the 'capital account' of the Balance of Payments Accounts.
OR
Name the broad categories of transactions recorded in the 'current account' of the Balance of Payments Accounts.

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