CBSE Result 2018

CBSE 10th and 12th Result 2018

Sample Test Paper Class 12th Economics – CBSE Result 2018

Solve these questions, and you will get good marks in

CBSE Result 2018

MM:80                                                                                                                                                                                                                       TT: 3 hours

SECTION A: Micro Economics

Question 1: Indifference curves are concave to origin because of: (1 Marks)

  1. increasing MRS
  2. decreasing MRS
  3. constant MRS
  4. the law of equal marginal utility

Question 2: the Average fixed cost of 4 unit is 20. AVC of 5 unit is 40. Find AC of 5 unit. (1 Marks)

  1.  20
  2. 65
  3. 60
  4. 40

Question 3: Law of variable proportion is known as: (1 Marks)

  1. the law of returns
  2. returns to the variable factor
  3. returns to factor
  4. all

Question 4: An economy operation on PPF when there is: (1 Marks)

  1. optimum utilization of resources
  2. inefficient use of resources
  3. underemployment of resources
  4. none

Question 5: downward movement of demand curve represents: (1 Marks)

  1. increase in demand
  2. the decrease in demand
  3. the contraction in demand
  4. expansion in demand

Question 6: Explain the effect of the rise in income of buyers of a commodity in its demand. (3 Marks)

Question 7: Explain the relationship between marginal and total marginal product. (3 Marks)

Question 8: Explain the relationship between AC and AVC. (4 Marks)

Question 9: State any three assumptions on which PPC is based. (4 Marks)

Question 10: Explain consumers equilibrium with the help of utility schedule in case of two commodities. (4 Marks)

Question 11: Using diagram and schedule explain the law of variable proportion. (6 Marks)

Question 12: Explain the relationship between TC, TVC, TFC with diagram and schedule. (6 Marks)

Question 13: What are the central problem of economy why do they arise? (6 Marks)

Section B: Macro Economics

Question 14: These are the goods which are purchased by one firm from another for resale or which are used as raw material in the production of other good. (1 Marks)

  1. final goods
  2. consumer goods
  3. industrial goods
  4. intermediate goods

Question 15: ____ refers to demand deposit created by commercial bank (1 Marks)

  1. money supply
  2. demand deposit
  3. bank money
  4. bank deposit

Question 16: which is correct formula of net indirect tax: (1 Marks)

  1. NIT= direct tax- subsidies
  2. NIT= indirect tax- subsidies
  3. NIT= corporate tax- subsidies
  4. NIT= corporate tax+ subsidies

Question 17: The rate at which central bank lends to commercial bank: (1 Marks)

  1. SLR
  2. CRR
  3. LRR
  4. Bank Rate

Question 18: Unilateral transfer as also known as (1 Marks)

  1. bilateral transfer
  2. one way transfer
  3. both
  4. neither

Question 19: Explain the circular flow of income? (3 Marks)

Question 20: Distinguish between revenue and capital receipt. (3 Marks)

Question 21: Explain medium of exchange function of money. How has it solved the problem entered by the barter system? (3 Marks)

Question 22: Explain central bank function as currency authority. (4 Marks)

Question 23: Explain meaning and implication of fiscal deficit. (4 Marks)

Question 24: Explain circular flow within two sectors of the economy. (6 Marks)

Question 25: Explain how repo rate can be helpful in controlling credit creation. (6 Marks)

Question 26: What is deficit financing? “deficit financing has dangerous repercussion,” Justify (6 Marks)

After solving this I hope you will definitely get good marks in

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CBSE Result 2018