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Economics M.C.Q (1 Marks)

Model Paper 2 · CBSE STD 12 Commerce (CBSE - English Medium). 10 questions.

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M.C.Q (1 Marks)

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10 questions · timed · auto-graded

MCQ 11 Mark
Flexible exchange rate system has the advantage:

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  • A
    Automatic adjustmen of balance of payments
  • B
    Encourages imports
  • C
    Easy to borrow world bank
  • D
    Encourage exports
Answer
(c) Automatic adjustmen of balance of payments
Explainnation : Automatic adjustmen of balance of payments.
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MCQ 21 Mark
Demand deposits include ________.
  • A
    current account deposits and fixed deposits
  • B
    all types of deposits
  • C
    saving account deposits and current account deposits
  • D
    saving account deposits and fixed deposits
Answer
(c) saving account deposits and current account deposits
Explanation: saving account deposits and current account deposits ( Demand deposits that can we withdrawn any time through saving account or current account)
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MCQ 31 Mark
Flow is a concept which is:
  • A
    is measured over a specified period of time
  • B
    is not time dimensional
  • C
    Cannot be measured at a particular point of time
  • D
    is measured at a particular point of time
Answer
(a) is measured over a specified period of time
Explanation: Flows always pertain to a specific period of time in economics. Flow refers to the value of a variable during a period of time. Example: Capital Formation.
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MCQ 51 Mark
________ is equal to the difference between AD beyond full employment and AD at full employment.
  • A
    Deflation
  • B
    Recession
  • C
    Inflationary gap
  • D
    deflationary gap
Answer
(c) Inflationary gap
Explanation: Inflationary gap
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MCQ 61 Mark
Constant slope of saving curve indicates that:
  • A
    saving function will be linear
  • B
    saving curve will be a straight line
  • C
    saving function will be nonlinear
  • D
    both saving curve will be a straight line and saving function will be linear
Answer
(d) both saving curve will be a straight line and saving function will be linear
Explanation: both saving curve will be a straight line and saving function will be linear
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MCQ 71 Mark
Increase in the value of foreign commodities is known as ________.
  • A
    Revaluation
  • B
    Devaluation
  • C
    Inflation
  • D
    Appreciation
Answer
(b) Devaluation
Explanation: An increase in the value of foreign commodities is known as devaluation.
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MCQ 81 Mark
When aggregate demand is greater than the aggregate supply, inventories ________.
  • A
    first fall than rise
  • B
    rise
  • C
    fall
  • D
    do not change
Answer
(c) fall
Explanation: If AD > AS then inventory fall.
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MCQ 91 Mark
Who regulates money supply in India?
  • A
    Planning Commission
  • B
    Reserve Bank of India
  • C
    Commercial Banks
  • D
    Government of India
Answer
(b) Reserve Bank of India
Explanation: Reserve Bank of India
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MCQ 101 Mark
Statement 1: Investments by rest of the world in shares of Indian companies are recorded on the credit side of Balance of payment.
Statement 2: Any addition to foreign exchange reserves is recorded on the debit side of the balance of payment.
  • A
    Statement 1 is true and Statement 2 is false.
  • B
    Both the Statements are true.
  • C
    Both the Statements are false.
  • D
    Statement 2 is true and Statement 1 is false.
Answer
(b) Both the Statements are true.
Explanation: Both the Statements are true.
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M.C.Q (1 Marks) - Economics STD 12 Commerce Questions - Vidyadip