Solutions – MCQs NCERT ECONOMY CLASS 12

Solutions –  MCQs NCERT ECONOMY CLASS 12

QuesSolExplanation
1dBoth statements are reversed
2a
3c
4bThis method looks at the demand side of the products.
5c
6aNet National Product at factor cost is also known as National Income.
7dBoth statements are reversed
8c
9c
10c
11bMoney supply is a stock variable.
12aTotal amount of money stock in the economy is much greater than the volume of high powered money.
13a
14cRevenue receipts are receipts of the government which are non-redeemable, that is, they cannot be reclaimed from the government.
15c
16c
17c
18c
19c
20c
21aThere are two main accounts in the BoP – the current account and the capital account.
22bThe current account records exports and imports in goods and services and transfer payments.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Optionally add an image (JPEG only)