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CBSE 12 Economics Question Paper-2024 Set-2
This mock test includes actual CBSE Class 12 Economics board exam questions from the year 2024 set-2, helping students understand exam trends and practice real paper format
Duration
15 min
Questions
15
Marking
Negative
Questions Preview
Read the following statements carefully: Statement 1: If in an economy the level of income increases (AY), it will always proportionately increase the level of consumption (AC). Statement 2: Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are always equal to each other. In the light of the given statements, choose the correct alternative from the following:
Identify the incorrect feature(s) of money supply (M1) from the following: (i) It is measured at a point of time. (ii) It does not include stock of money held by the government. (iii) It is always the currency in the hands of the Central Bank of a nation. Alternatives:
Total consumption expenditure by households under Keynesian Economics is a combination of _ and _. (Choose the correct alternative to fill in the blanks)
In the context of the Indian economy, which of the following is a direct tax?
Which of the following describes the situation when people are employed but work for less than their potential?
Which of the following is an example of an infrastructural resource of a country?
Read the following statements - Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): Full employment situation refers to absence of involuntary unemployment. Reason (R): Under full employment situation, all the willing and able bodied people get employment at the prevailing wage rate.
The economic reforms introduced in 1991 led to the introduction of a new paradigm in the Indian economy. Which of the following is not a component of this paradigm?
Which of the following is not a function of the Reserve Bank of India (RBI)?
Which of the following is a key reason for the slow growth of the industrial sector in India during the post-independence period?
Which of the following describes the situation when people are employed but work for less than their potential?
Total consumption expenditure by households under Keynesian Economics is a combination of _ and _. (Choose the correct alternative to fill in the blanks)
Which of the following is an example of a transfer payment in the context of national income accounting?
Which of the following is a key reason for the slow growth of the industrial sector in India during the post-independence period?
The economic reforms introduced in 1991 led to the introduction of a new paradigm in the Indian economy. Which of the following is not a component of this paradigm?