Economics (030) Class Xii (2014-15) Worksheet Page 5
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21a)
Lack of double coincidence of wants
b)
Absence of common units of value
c)
Lack of store of value
d)
Lack of standard of deferred payment
16. What is repo rate?
(1)
17. Which of the following is a characteristic of a good?
(1)
a)
Intangible
b)
Can be stored
c)
Production and consumption must happen simultaneously
d) Cannot be transferred
18. The government budget has a revenue deficit. This gets financed by:
(1)
A. Borrowing
B. Disinvestment
C. Tax revenue
D. Indirect taxes
a)
A and D
b)
C and D
c)
A and B
d)
C and D
19. Which of the following statement is not true for fiscal deficit?
(1)
A fiscal deficit:
a)
represents the borrowing of the government.
b)
is the difference between total expenditure and total receipts of the government
c)
is the difference between total expenditure and total receipts other than borrowing
d)
increases the future liability of the government
20. What is the role of a Central Bank in the following exchange rate?
(3)
a)
Fixed exchange
5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Education