Class 12 Arts / Humanities Economics Quiz

Economics MCQ Questions for Class 12

Practice Class 12 Arts / Humanities Economics MCQ questions with answers, explanations and level-wise revision. Start from Easy levels and move toward Expert practice when your accuracy improves.

Class 12 Arts / Humanities Economics Summary

Class 12 Arts / Humanities Economics MCQ questions with answers, chapter wise quiz, topic wise practice, objective questions, exam revision aur answer explanation ke liye ye page banaya gaya hai. Important chapters include National Income and Related Aggregates, Money and Banking, Determination of Income and Employment. Focus topics include What is Macroeconomics?, Consumption goods, capital goods, final goods, intermediate goods, Stocks and flows, Gross investment and depreciation.

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Class 12 Arts / Humanities Economics MCQ Questions with Answers

Class 12 Arts / Humanities Economics ke liye chapter wise MCQ questions, topic wise practice, objective questions, quiz levels, correct answers aur simple explanations ek hi page par available hain. Students board exam revision, school test preparation, daily practice aur concept clarity ke liye yahan se focused practice start kar sakte hain.

Economics MCQ Class 12 Arts / Humanities Economics Questions Chapter Wise Quiz Topic Wise Practice Answers and Explanations Easy to Expert Levels
Chapter Wise MCQ

Economics Chapters for Class 12

Choose a Economics chapter to practice focused MCQs with topic-wise revision, answers and explanations for Class 12 Arts / Humanities. Chapters include National Income and Related Aggregates, Money and Banking, Determination of Income and Employment, Government Budget and the Economy. Topics include What is Macroeconomics?, Consumption goods, capital goods, final goods, intermediate goods, Stocks and flows, Gross investment and depreciation, Meaning and functions of money.

1 National Income and Related Aggregates Economics National Income and Related Aggregates MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1What is Macroeconomics?600 Q 2Consumption goods, capital goods, final goods, intermediate goods600 Q 3Stocks and flows600 Q 4Gross investment and depreciation600 Q 5Circular flow of income: two-sector model600 Q 6Methods of calculating national income - Value Added/Product Method400 Q 7Methods of calculating national income - Expenditure Method400 Q 8Methods of calculating national income - Income Method400 Q 9Aggregates related to national income - GNP600 Q 10Aggregates related to national income - NNP600 Q 11Aggregates related to national income - GDP600 Q 12Aggregates related to national income - NDP 13Aggregates related to national income - Market price and factor cost 14Real GDP and Nominal GDP 15GDP Deflator 16GDP and Welfare Easy 1500 Medium 1500 Hard 1500 Expert 1500 6000 MCQs
2 Money and Banking Economics Money and Banking MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1Meaning and functions of money 2Supply of money 3Currency held by public 4Net demand deposits held by commercial banks 5Money creation by commercial banking system 6Central bank and its functions 7RBI as - Bank of issue 8RBI as - Government bank 9RBI as - Banker’s bank 10Credit control tools - Bank Rate 11Credit control tools - CRR 12Credit control tools - SLR 13Credit control tools - Repo Rate 14Credit control tools - Reverse Repo Rate 15Credit control tools - Open Market Operations 16Credit control tools - Margin Requirement Easy 0 Medium 0 Hard 0 Expert 0 0 MCQs
3 Determination of Income and Employment Economics Determination of Income and Employment MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1Aggregate Demand and its components 2Propensity to consume 3Propensity to save 4APC, MPC, APS, MPS 5Short-run equilibrium output 6Investment multiplier 7Mechanism of multiplier 8Full employment 9Involuntary unemployment 10Excess demand 11Deficient demand 12Measures to correct excess/deficient demand - Government spending 13Measures to correct excess/deficient demand - Taxes 14Measures to correct excess/deficient demand - Money supply Easy 0 Medium 0 Hard 0 Expert 0 0 MCQs
5 Balance of Payments Economics Balance of Payments MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1Meaning of Balance of Payments account 2Components of Balance of Payments 3BOP surplus and deficit 4Foreign exchange rate 5Fixed exchange rate 6Flexible exchange rate 7Managed floating exchange rate 8Determination of exchange rate in free market 9Merits and demerits of fixed exchange rate 10Merits and demerits of flexible exchange rate Easy 0 Medium 0 Hard 0 Expert 0 0 MCQs
6 Development Experience (1947–90) and Economic Reforms Since 1991 Economics Development Experience (1947–90) and Economic Reforms Since 1991 MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1State of Indian economy on the eve of independence 2Indian economic system 3Common goals of Five Year Plans 4Agriculture - Main features 5Agriculture - Problems 6Agriculture - Policies 7Agriculture - Institutional aspects 8Agriculture - New agricultural strategy 9Industry - Industrial Policy Resolution 1956 10Industry - Small Scale Industries 11Industry - Role and importance of SSI 12Foreign trade 13Economic reforms since 1991 14Liberalisation 15Globalisation 16Privatisation 17LPG policy: features and appraisal 18Demonetisation 19GST Easy 0 Medium 0 Hard 0 Expert 0 0 MCQs
7 Current Challenges Facing Indian Economy Economics Current Challenges Facing Indian Economy MCQ practice for Class 12 Arts / Humanities with topic-wise questions, correct answers and simple explanations. 1Human Capital Formation 2How people become resource 3Role of human capital in economic development 4Growth of education sector in India 5Rural Development 6Rural credit 7Rural marketing 8Role of cooperatives 9Agricultural diversification 10Alternative farming 11Organic farming 12Employment 13Workforce participation rate 14Formal sector 15Informal sector 16Problems and policies related to employment 17Sustainable Economic Development 18Meaning of sustainable development 19Effects of economic development on resources 20Effects of economic development on environment 21Global warming Easy 0 Medium 0 Hard 0 Expert 0 0 MCQs
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Level Map for Economics MCQ Practice

Select a ready level to practice questions in a clean exam-style flow. Each level keeps the subject, class, difficulty and question count clear for faster revision.

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Easy Levels

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1 Level 1 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 2 Level 2 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 3 Level 3 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 4 Level 4 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 5 Level 5 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 6 Level 6 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 7 Level 7 Ready 50/50 Topics in this level Stocks and flows50 Q 8 Level 8 Ready 50/50 Topics in this level Stocks and flows50 Q 9 Level 9 Ready 50/50 Topics in this level Stocks and flows50 Q 10 Level 10 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 11 Level 11 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 12 Level 12 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 13 Level 13 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 14 Level 14 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 15 Level 15 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 16 Level 16 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 17 Level 17 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 18 Level 18 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 19 Level 19 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 20 Level 20 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 21 Level 21 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 22 Level 22 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 23 Level 23 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 24 Level 24 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 25 Level 25 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 26 Level 26 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 27 Level 27 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 28 Level 28 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 29 Level 29 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 30 Level 30 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 31 Level 31 Locked 0/50 32 Level 32 Locked 0/50 33 Level 33 Locked 0/50 34 Level 34 Locked 0/50 35 Level 35 Locked 0/50 36 Level 36 Locked 0/50 37 Level 37 Locked 0/50 38 Level 38 Locked 0/50 39 Level 39 Locked 0/50 40 Level 40 Locked 0/50 41 Level 41 Locked 0/50 42 Level 42 Locked 0/50 43 Level 43 Locked 0/50 44 Level 44 Locked 0/50 45 Level 45 Locked 0/50 46 Level 46 Locked 0/50 47 Level 47 Locked 0/50 48 Level 48 Locked 0/50 49 Level 49 Locked 0/50 50 Level 50 Locked 0/50

Medium Levels

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1 Level 1 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 2 Level 2 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 3 Level 3 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 4 Level 4 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 5 Level 5 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 6 Level 6 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 7 Level 7 Ready 50/50 Topics in this level Stocks and flows50 Q 8 Level 8 Ready 50/50 Topics in this level Stocks and flows50 Q 9 Level 9 Ready 50/50 Topics in this level Stocks and flows50 Q 10 Level 10 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 11 Level 11 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 12 Level 12 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 13 Level 13 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 14 Level 14 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 15 Level 15 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 16 Level 16 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 17 Level 17 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 18 Level 18 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 19 Level 19 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 20 Level 20 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 21 Level 21 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 22 Level 22 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 23 Level 23 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 24 Level 24 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 25 Level 25 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 26 Level 26 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 27 Level 27 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 28 Level 28 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 29 Level 29 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 30 Level 30 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 31 Level 31 Locked 0/50 32 Level 32 Locked 0/50 33 Level 33 Locked 0/50 34 Level 34 Locked 0/50 35 Level 35 Locked 0/50 36 Level 36 Locked 0/50 37 Level 37 Locked 0/50 38 Level 38 Locked 0/50 39 Level 39 Locked 0/50 40 Level 40 Locked 0/50 41 Level 41 Locked 0/50 42 Level 42 Locked 0/50 43 Level 43 Locked 0/50 44 Level 44 Locked 0/50 45 Level 45 Locked 0/50 46 Level 46 Locked 0/50 47 Level 47 Locked 0/50 48 Level 48 Locked 0/50 49 Level 49 Locked 0/50 50 Level 50 Locked 0/50

Hard Levels

Start
1 Level 1 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 2 Level 2 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 3 Level 3 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 4 Level 4 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 5 Level 5 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 6 Level 6 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 7 Level 7 Ready 50/50 Topics in this level Stocks and flows50 Q 8 Level 8 Ready 50/50 Topics in this level Stocks and flows50 Q 9 Level 9 Ready 50/50 Topics in this level Stocks and flows50 Q 10 Level 10 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 11 Level 11 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 12 Level 12 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 13 Level 13 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 14 Level 14 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 15 Level 15 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 16 Level 16 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 17 Level 17 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 18 Level 18 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 19 Level 19 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 20 Level 20 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 21 Level 21 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 22 Level 22 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 23 Level 23 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 24 Level 24 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 25 Level 25 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 26 Level 26 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 27 Level 27 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 28 Level 28 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 29 Level 29 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 30 Level 30 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 31 Level 31 Locked 0/50 32 Level 32 Locked 0/50 33 Level 33 Locked 0/50 34 Level 34 Locked 0/50 35 Level 35 Locked 0/50 36 Level 36 Locked 0/50 37 Level 37 Locked 0/50 38 Level 38 Locked 0/50 39 Level 39 Locked 0/50 40 Level 40 Locked 0/50 41 Level 41 Locked 0/50 42 Level 42 Locked 0/50 43 Level 43 Locked 0/50 44 Level 44 Locked 0/50 45 Level 45 Locked 0/50 46 Level 46 Locked 0/50 47 Level 47 Locked 0/50 48 Level 48 Locked 0/50 49 Level 49 Locked 0/50 50 Level 50 Locked 0/50

Expert Levels

Start
1 Level 1 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 2 Level 2 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 3 Level 3 Ready 50/50 Topics in this level What is Macroeconomics?50 Q 4 Level 4 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 5 Level 5 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 6 Level 6 Ready 50/50 Topics in this level Consumption goods, capital goods, final goods, intermediate goods50 Q 7 Level 7 Ready 50/50 Topics in this level Stocks and flows50 Q 8 Level 8 Ready 50/50 Topics in this level Stocks and flows50 Q 9 Level 9 Ready 50/50 Topics in this level Stocks and flows50 Q 10 Level 10 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 11 Level 11 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 12 Level 12 Ready 50/50 Topics in this level Gross investment and depreciation50 Q 13 Level 13 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 14 Level 14 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 15 Level 15 Ready 50/50 Topics in this level Circular flow of income: two-sector model50 Q 16 Level 16 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 17 Level 17 Ready 50/50 Topics in this level Methods of calculating national income - Value Added/Product Method50 Q 18 Level 18 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 19 Level 19 Ready 50/50 Topics in this level Methods of calculating national income - Expenditure Method50 Q 20 Level 20 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 21 Level 21 Ready 50/50 Topics in this level Methods of calculating national income - Income Method50 Q 22 Level 22 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 23 Level 23 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 24 Level 24 Ready 50/50 Topics in this level Aggregates related to national income - GNP50 Q 25 Level 25 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 26 Level 26 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 27 Level 27 Ready 50/50 Topics in this level Aggregates related to national income - NNP50 Q 28 Level 28 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 29 Level 29 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 30 Level 30 Ready 50/50 Topics in this level Aggregates related to national income - GDP50 Q 31 Level 31 Locked 0/50 32 Level 32 Locked 0/50 33 Level 33 Locked 0/50 34 Level 34 Locked 0/50 35 Level 35 Locked 0/50 36 Level 36 Locked 0/50 37 Level 37 Locked 0/50 38 Level 38 Locked 0/50 39 Level 39 Locked 0/50 40 Level 40 Locked 0/50 41 Level 41 Locked 0/50 42 Level 42 Locked 0/50 43 Level 43 Locked 0/50 44 Level 44 Locked 0/50 45 Level 45 Locked 0/50 46 Level 46 Locked 0/50 47 Level 47 Locked 0/50 48 Level 48 Locked 0/50 49 Level 49 Locked 0/50 50 Level 50 Locked 0/50

Latest Economics Questions

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Question 1/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि किसी देश में घरेलू सीमा के भीतर विदेशी कंपनी द्वारा बनाया गया मोबाइल स्थानीय ग्राहकों को बेचा जाता है तो यह जीडीपी में कैसे दर्ज होगा?

If a mobile phone produced within a country's domestic territory by a foreign company is sold to local customers, how will it be recorded in GDP?

Explanation opens after your attempt
Correct Answer

A. घरेलू सीमा में बने अंतिम उत्पादन के रूप मेंAs final output produced within domestic territory

Step 1

Concept

In GDP, place of production matters more than ownership. Therefore domestic production by a foreign company is also included in the country's GDP.

Step 2

Why this answer is correct

The correct answer is A. घरेलू सीमा में बने अंतिम उत्पादन के रूप में / As final output produced within domestic territory. In GDP, place of production matters more than ownership. Therefore domestic production by a foreign company is also included in the country's GDP.

Step 3

Exam Tip

जीडीपी में उत्पादन का स्थान मुख्य होता है स्वामित्व नहीं। इसलिए विदेशी कंपनी का घरेलू उत्पादन भी देश की जीडीपी में शामिल होगा।

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Question 2/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि जीडीपी और प्रति व्यक्ति जीडीपी दोनों का विश्लेषण किया जाए तो कौन सा अतिरिक्त लाभ मिलता है?

If both GDP and per capita GDP are analysed, what extra benefit is obtained?

Explanation opens after your attempt
Correct Answer

A. कुल उत्पादन के साथ औसत व्यक्ति स्तर की समझUnderstanding total output along with average person level

Step 1

Concept

GDP shows total output while per capita GDP indicates average level. In exams connect both with welfare carefully.

Step 2

Why this answer is correct

The correct answer is A. कुल उत्पादन के साथ औसत व्यक्ति स्तर की समझ / Understanding total output along with average person level. GDP shows total output while per capita GDP indicates average level. In exams connect both with welfare carefully.

Step 3

Exam Tip

जीडीपी कुल उत्पादन बताती है जबकि प्रति व्यक्ति जीडीपी औसत स्तर का संकेत देती है। परीक्षा में दोनों को कल्याण से सावधानी से जोड़ें।

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Question 3/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

किस कथन में जीडीपी की सर्वाधिक सटीक परीक्षा-उपयोगी समझ है?

Which statement gives the most precise exam-useful understanding of GDP?

Explanation opens after your attempt
Correct Answer

A. घरेलू सीमा में एक वर्ष में उत्पादित अंतिम वस्तुओं और सेवाओं का बाजार मूल्यMarket value of final goods and services produced within domestic territory in one year

Step 1

Concept

Domestic territory, final output and market value are essential in the definition of GDP. These terms solve most questions.

Step 2

Why this answer is correct

The correct answer is A. घरेलू सीमा में एक वर्ष में उत्पादित अंतिम वस्तुओं और सेवाओं का बाजार मूल्य / Market value of final goods and services produced within domestic territory in one year. Domestic territory, final output and market value are essential in the definition of GDP. These terms solve most questions.

Step 3

Exam Tip

जीडीपी की परिभाषा में घरेलू सीमा अंतिम उत्पादन और बाजार मूल्य अनिवार्य हैं। इन्हीं शब्दों से अधिकांश प्रश्न हल होते हैं।

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Question 4/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि किसी देश में अधिक काम के घंटे से जीडीपी बढ़ती है लेकिन खाली समय घटता है तो जीडीपी की कौन सी सीमा दिखती है?

If GDP rises due to longer working hours but leisure decreases, which limitation of GDP is shown?

Explanation opens after your attempt
Correct Answer

A. खाली समय और जीवन गुणवत्ता की अनदेखीIgnoring leisure and quality of life

Step 1

Concept

GDP shows higher output but not the loss of leisure. Quality of life is also important for welfare.

Step 2

Why this answer is correct

The correct answer is A. खाली समय और जीवन गुणवत्ता की अनदेखी / Ignoring leisure and quality of life. GDP shows higher output but not the loss of leisure. Quality of life is also important for welfare.

Step 3

Exam Tip

जीडीपी उत्पादन बढ़ने को दिखाती है लेकिन कम अवकाश का नुकसान नहीं दिखाती। कल्याण के लिए जीवन गुणवत्ता भी जरूरी है।

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Question 5/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि (Real\ GDP=3200) और (GDP\ Deflator=125) है तो (Nominal\ GDP) कितना होगा?

If (Real\ GDP=3200) and (GDP\ Deflator=125), what is (Nominal\ GDP)?

Explanation opens after your attempt
Correct Answer

C. 4000

Step 1

Concept

The formula is \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\). So \(Nominal\ GDP=\frac{125\times3200}{100}=4000\).

Step 2

Why this answer is correct

The correct answer is C. 4000. The formula is \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\). So \(Nominal\ GDP=\frac{125\times3200}{100}=4000\).

Step 3

Exam Tip

सूत्र \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\) है। इसलिए \(Nominal\ GDP=\frac{125\times3200}{100}=4000\) है।

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Question 6/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि किसी कंपनी ने इस वर्ष नया सॉफ्टवेयर बनाया और लाइसेंस बेचा तो यह जीडीपी में कैसे शामिल होगा?

If a company develops new software this year and sells licenses, how will it be included in GDP?

Explanation opens after your attempt
Correct Answer

A. चालू सेवा या अमूर्त उत्पादन के रूप मेंAs current service or intangible output

Step 1

Concept

New software is current year production. GDP can include services and intangible output along with physical goods.

Step 2

Why this answer is correct

The correct answer is A. चालू सेवा या अमूर्त उत्पादन के रूप में / As current service or intangible output. New software is current year production. GDP can include services and intangible output along with physical goods.

Step 3

Exam Tip

नया सॉफ्टवेयर चालू वर्ष का उत्पादन है। जीडीपी में भौतिक वस्तुओं के साथ सेवाएं और अमूर्त उत्पादन भी आ सकते हैं।

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Question 7/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

किस वस्तु को उसके उपयोग के आधार पर कभी अंतिम और कभी मध्यवर्ती माना जा सकता है?

Which good can be final or intermediate depending on its use?

Explanation opens after your attempt
Correct Answer

A. चीनीSugar

Step 1

Concept

Sugar is a final good when used at home and an intermediate good when used to make sweets. Use is the basis of classification.

Step 2

Why this answer is correct

The correct answer is A. चीनी / Sugar. Sugar is a final good when used at home and an intermediate good when used to make sweets. Use is the basis of classification.

Step 3

Exam Tip

चीनी घर में उपयोग हो तो अंतिम वस्तु है और मिठाई बनाने में उपयोग हो तो मध्यवर्ती वस्तु है। उपयोग वर्गीकरण का आधार है।

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Question 8/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि किसी देश में \(NDP_{MP}=3100\) और मूल्यह्रास 500 है तो \(GDP_{MP}\) कितना होगा?

If a country's \(NDP_{MP}=3100\) and depreciation is 500, what is \(GDP_{MP}\)?

Explanation opens after your attempt
Correct Answer

C. 3600

Step 1

Concept

\(GDP_{MP}=NDP_{MP}+Depreciation\). Therefore (3100+500=3600).

Step 2

Why this answer is correct

The correct answer is C. 3600. \(GDP_{MP}=NDP_{MP}+Depreciation\). Therefore (3100+500=3600).

Step 3

Exam Tip

\(GDP_{MP}=NDP_{MP}+Depreciation\) होता है। इसलिए (3100+500=3600) है।

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Question 9/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि सरकार किसी गरीब परिवार को नकद सहायता देती है तो यह जीडीपी में सीधे क्यों नहीं जोड़ी जाती?

If the government gives cash assistance to a poor household, why is it not directly added to GDP?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह उत्पादन के बदले भुगतान नहीं हैBecause it is not payment for production

Step 1

Concept

Cash assistance is a transfer payment. GDP counts income or expenditure against current production.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह उत्पादन के बदले भुगतान नहीं है / Because it is not payment for production. Cash assistance is a transfer payment. GDP counts income or expenditure against current production.

Step 3

Exam Tip

नकद सहायता हस्तांतरण भुगतान है। जीडीपी चालू उत्पादन के बदले आय या व्यय को गिनती है।

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Question 10/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

किस विकल्प में जीडीपी के व्यय घटक सही क्रम में दिए गए हैं?

Which option gives the expenditure components of GDP correctly?

Explanation opens after your attempt
Correct Answer

A. उपभोग निवेश सरकारी व्यय शुद्ध निर्यातConsumption investment government expenditure net exports

Step 1

Concept

Expenditure method includes final consumption, investment, government expenditure and net exports. Income components relate to another method.

Step 2

Why this answer is correct

The correct answer is A. उपभोग निवेश सरकारी व्यय शुद्ध निर्यात / Consumption investment government expenditure net exports. Expenditure method includes final consumption, investment, government expenditure and net exports. Income components relate to another method.

Step 3

Exam Tip

व्यय विधि में अंतिम उपभोग निवेश सरकारी व्यय और शुद्ध निर्यात आते हैं। आय घटक अलग विधि से जुड़े हैं।

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Question 11/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि घरेलू सीमा में कार्यरत विदेशी मजदूर को वेतन दिया गया तो वह किस देश की जीडीपी से जुड़ा होगा?

If a foreign worker employed within domestic territory is paid wages, it is linked to which country's GDP?

Explanation opens after your attempt
Correct Answer

A. जहां उत्पादन हुआ उस देश की जीडीपीGDP of the country where production occurred

Step 1

Concept

GDP is linked to place of production. Income generated by work within domestic territory is part of that country's GDP.

Step 2

Why this answer is correct

The correct answer is A. जहां उत्पादन हुआ उस देश की जीडीपी / GDP of the country where production occurred. GDP is linked to place of production. Income generated by work within domestic territory is part of that country's GDP.

Step 3

Exam Tip

जीडीपी उत्पादन के स्थान से जुड़ी है। घरेलू सीमा में काम से बनी आय उसी देश की जीडीपी का हिस्सा है।

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Question 12/50 Expert Economics National Income and Related Aggregates Aggregates related to national income - GDP Class 12 Level 30

यदि उत्पादक ने कच्चे माल पर 600 खर्च किया और तैयार वस्तु 1000 में बेची तो मूल्य वर्धन कितना होगा?

If a producer spends 600 on raw material and sells the finished good for 1000, what is value added?

Explanation opens after your attempt
Correct Answer

A. 400

Step 1

Concept

Value added is output value minus intermediate consumption. The calculation is (1000-600=400).

Step 2

Why this answer is correct

The correct answer is A. 400. Value added is output value minus intermediate consumption. The calculation is (1000-600=400).

Step 3

Exam Tip

मूल्य वर्धन उत्पादन मूल्य में से मध्यवर्ती उपभोग घटाकर मिलता है। गणना (1000-600=400) है।

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