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MCQ Questions for Class 12 Economics Set-2

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1. Which of the following is the method of measuring National Income?




2. Which method is adopted in measuring National Income?




3. The market value of all final goods and services produced in an economy over a year is called :




4. If for a country net factor income from abroad is negative then:




5. Which of the following is correct?




6. What is the consumption of fixed capital called?




7. Which one is included in National Income?




8. Which sector is included in an economy?




9. Which of the following is not included in the calculation of Gross National Product?




10. Which one of the following services are included in the Secondary Sector?




11. Which one is included in Primary Sector?




12. To include the value of goods or services more than one time while calculating National Income is called :




13. Which one is a component of profit?




14. Which one is included in National Income?




15. Which one is included in the calculation of National Income?




16. Which one is the limitation of Macro Economics?




17. Macro-economics is the study of:




18. Out of the following which is not a flow:




19. From the following which method is used for measuring national income:




20. Which of the following is included in the primary sector:




21. Total national income divided by total population is known as:




22. Production enterprises are divided in:




23. What is the defect of the barter system?




24. Which of the following is the credit money?




25. Which among the following is the near money?




26. Which of the following is the feature of money?




27. In order to encourage investment in the economy, the Central Bank may ________




28. Institution that accepts deposits for lending purpose is known as __________




29. Which of the following is the function of a commercial bank?




30. The central bank can increase the availability of credit by:




31. Giving permission to withdraw money by an amount more than deposited to is known as _________




32. What are the alternative measures of money supply in India?




33. Who circulates all mint and one rupee not in India?




34. Which of the following is the narrow measure of the money supply?




35. When was the minimum reserve system started in India?




36. Which is the most liquid measure of the money supply?




37. High Powered Money includes:




38. Indian Monetary System is based on ________




39. Which of the following is the apex bank of India?




40. Who has the right of note issue?




41. Which of the following is the function of a Central bank?




42. The ratio of total deposits that a commercial bank has to keep with RBI is called:




43. Demand deposits include




44. What are the necessary conditions of the Barter System?




45. What are the advantages of the Barter System?




46. Which one is the difficulty of the Barter System?




47. Which is the correct order of money evolution?




48. “Money is what money does.” Who said it?




49. Which one is included in the primary function of money?




50. Which one is included in the secondary function of money?