Class 12 Economics MCQs Multiple Choice Questions with Answers

MCQ Questions for Class 12 Economics Chapter 3 Liberalisation, Privatisation and Globalisation: An Appraisal with Answers I. Choose the correct alternative. Question 1. In which year did India adopt the economic reforms? (A) 1991 (B) 1993 (C) 1998 (D) 2001 Answer Answer: (A) 1991 Question 2. Why there was a Read more…

MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers I. Choose the correct alternative. Question 1. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making? (A) Capitalist (B) Socialist (C) Mixed (D) Global Answer Read more…

MCQ Questions for Class 12 Economics Chapter 1 Indian Economy on the Eve of Independence with Answers Question 1. In how many sectors is the occupational structure of India is divided? (A) One (B) Two (C) Three (D) Four Answer Answer: (C) Three Question 2. What is another name for Read more…

MCQ Questions for Class 12 Economics Chapter 6 Open Economy Macroeconomics with Answers Question 1. The price of one currency in terms of another is known as _________ (A) Foreign exchange rate (B) Trade rate (C) Interest rate (D) Balance of Payment Answer Answer: (A) Foreign exchange rate Question 2. Read more…

MCQ Questions for Class 12 Economics Chapter 5 Government Budget and the Economy with Answers Question 1. An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as (A) Budget (B) Income estimates (C) Account (D) Expenditure Answer Answer: (A) Budget Question Read more…

MCQ Questions for Class 12 Economics Chapter 4 Determination of Income and Employment with Answers Question 1. What is the shape of the Keynesian Aggregate Supply before the level of full employment is attained? (A) Perfectly inelastic (B) Perfectly elastic (C) Unitary elastic (D) More elastic Answer Answer: (B) Perfectly Read more…

MCQ Questions for Class 12 Economics Chapter 3 Money and Banking with Answers Question 1. What is the defect of the barter system? (A) Lack of double coincidence of wants (B) Difficulty in the measurement of value (C) Difficulty in store of value (D) All of these Answer Answer: (D) Read more…

MCQ Questions for Class 12 Economics Chapter 2 National Income Accounting with Answers Question 1. GNP at MP = ______ (A) GDPMP – Depreciation (B) GDPMP + Depreciation (C) GDPMP ÷ Depreciation (D) GDPMP + Net factor income from abroad Answer Answer: (A) GDPMP – Depreciation Question 2. NDPMP = Read more…

MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers I. Choose the correct alternative. Question 1. What is known as the study of individual units? (A) Macroeconomics (B) Microeconomics (C) Income and Employment Theory (D) Development economics Answer Answer: (B) Microeconomics Question 2. What is the Read more…

Class 12 Economics MCQs Multiple Choice Questions with Answers Practicing these CBSE NCERT Objective MCQ Questions of Class 12 Economics with Answers Pdf will guide students to do a quick revision for all the concepts present in each chapter and prepare for final exams. MCQ Questions for Class 12 Macroeconomics Read more…