Important MCQ, sample document, program and other resources for review and preparation

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CBSE 12th Economics Board Exam 2021-22 (Term 1): Important MCQ, sample document, program and other resources for review and preparation

The board review of the CBSE 12th Economics (Term 1) 2021-22 is scheduled for December 15. Check the CBSE paper sample, Quarter 1 CBSE syllabus, scoring system, exam template, and other important preparation resources. Links to access these resources are available here. In addition to these resources, we’ve also provided here some important questions from the CBSE Class 12 2021-22 Semester 1 Economics Example Document.

CBSE 12th Economics Board Exam 2021-22 (Term 1): CBSE Class 12 Economics

CBSE 12th Economics Board Exam 2021-22 (Term 1): Important MCQ

Question: The government can reach its budget target of “Redistribution of income” by ____________ (Fill in the blank with the correct alternative)

a) manage the general price level in the economy at the desired level.

b) increase the gross domestic product (GDP) of the economy.

c) place the production of goods and services under its direct and absolute control.

d) rationalization of taxes in favor of the poor.

Question: The balance of payments of an economy records _____________ for a fiscal year. (Fill in the blank with the correct alternative)

a) government revenue and expenditure

b) government cash inflows and outflows

c) foreign currency inflows and outflows to / from the economy

d) inflows and outflows of loans to / from the rest of the world

Question: Identify which of the following banks does not interact directly with the general public?

(Choose the right alternative)

a) Bank of India

b) State Bank of India

c) Central Bank of India

d) Reserve Bank of India

Question: Identify which of the following is not an example of an “invisible item” in the current account of balance of payments transactions: (Choose the correct alternative)

a) Air and sea transport

b) Postal and courier services

c) Education-related travel

d) Merchandise transactions

Question: Read the following statements carefully and choose the correct alternative among the following:

Statement 1 – Demonetization was the measure taken by the Indian government to tackle the problems of corruption, black money, terrorism and the circulation of counterfeit money in the Indian economy.

Statement 2 – Demonetization has improved tax compliance in India over time.

Alternatives:

a) Both statements are true.

b) Both statements are false.

c) Statement 1 is true and statement 2 is false

d) Statement 2 is true and statement 1 is false

Question: Ms. Sakshi, professor of economics, explained the concept of “minimum percentage of total deposits to be kept by any commercial bank with the country’s central bank, in accordance with the standards and statutes in force in the country”.

From the following, choose the correct alternative which specifies towards the concept explained by it?

a) Cash reserve ratio

b) Pension rate

c) Discount rate

d) Statutory liquidity ratio

Question: Two friends Mira and Sindhu were discussing exchange rate systems. “In this system, exchange rates are determined by market forces of supply and demand. However, deliberate efforts are made by the competent authority to keep exchange rates within a specific range ”.

The aforementioned statement was made by Sindhu, identify the type of exchange rate system she was talking about?

a) Fixed exchange rate

b) Floating exchange rate

c) Managed floating exchange rate

d) Managed fixed exchange rate

Question: Read the following statements carefully and choose the correct alternative among the following:

Statement 1 – Public goods are the goods and services that are collectively consumed by the public.

Statement 2 – Public goods are of an exclusive and competing nature.

Alternatives:

a) Both statements are true.

b) Both statements are false.

c) Statement 1 is true and statement 2 is false

d) Statement 2 is true and statement 1 is false

Question: In a country’s balance of payments structure, the two main categories of accounts for classifying transactions are ___ and ___. (Fill in the blank with the correct alternative)

I. current account

ii. unilateral transfer account

iii. capital account

iv. loan account

Identify the good alternatives among the following:

Alternatives:

a) i and ii

b) i and iii

c) iii and iv

d) iv and i

Question: Identify which of the following is not a function of the Reserve Bank of India?

(Choose the right alternative)

a) Act as a banker for the Indian government.

b) Act as custodian of India’s gold reserve

c) Act as financial advisor to the Indian government

d) To issue coins and a rupee note

Question: The 1956 Industrial Policy Resolution (DPI) formed the basis of the _________ Five-Year Plan. (Fill in the blank with the correct alternative)

a first

b) Fourth

c) Second

a third

To answer these questions and the rest of the resources, download the PDF (source) from the link below

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