ACC - ECONOMICS - Quiz

ACC - ECONOMICS - Quiz

12th Grade

10 Qs

quiz-placeholder

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ACC - ECONOMICS - Quiz

ACC - ECONOMICS - Quiz

Assessment

Quiz

Other

12th Grade

Medium

Created by

SWAPNIL VIBHUTE

Used 38+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The branch of economics that deals with the allocation of resources.

a) Micro economics b) Macro economics c) Econometrics d) None of these

a, b and c

a and b

only a

None of these

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Concepts studied under Micro economics.

a) National income b) General price level c) Factor pricing d) Product pricing

b and c

b, c and d

a, b and c

c and d

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Types of foreign trade:

i) Import trade ii) Export trade iii) Entrepot trade iv) Internal trade

i and ii

i, ii and iii

i, ii, iii and iv

None of these

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is true for demand?

(i) Demand is relative concept (ii) Demand is expressed concept (iii) Demand is an absolute concept

(iv) Demand is expressed w.r.t. time and income

i, ii and iii

i and ii

only i

all of these

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify the correct pair:

(i) National income (ii) Financial Year - 1st April to 31st March

(iii) Expenditure method - National income = Rent + Wages + Interest + Profit

(iv) Income method - National Income

i

ii

iii

iv

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following statement are true with respect to stock.

(i) Stock can be increased by increasing production (ii) Stock is potential supply

(iii) Stock is expressed in relation to price, time and quantity. (iv) Without stock, supply is not possible

i, ii and iv

i, iii, iv

only i

All of these

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is____________.

Flatter

Steeper

Rectangular

Horizontal

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