Online test for class 12 students. Meaning of microeconomics and macroeconomics What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

Online test for class 12 economics students. Consumer's equilibrium - meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis. Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium. Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measurement of price elasticity of demand - (a) percentage change method and (b) geometric method (linear demand curve); relationship between price elasticity of demand and total expenditure.

Online test for CBSE class 12 students. Production function –Short-Run and Long-Run Total Product, Average Product and Marginal Product. Returns to a Factor Cost: Short run costs - total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships. Revenue - total, average and marginal revenue - meaning and their relationships. Producer's equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply - (a) percentage-change method and (b) geometric method.

Online test available for CBSE class 12 economics students. Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply. Other Market Forms - monopoly, monopolistic competition, oligopoly - their meaning and features. Simple Applications of Demand and Supply: Price ceiling, price floor.

Online test available for class 12 CBSE students Equilibrium, Excess Demand, Excess Supply, Market Equilibrium: Fixed Number of Firms, Market Equilibrium: Free Entry and Exit, Applications - Price Ceiling, Price Floor.

Online test for class 12 students. Simple Monopoly in the Commodity Market: Market Demand Curve is the Average Revenue Curve- Total, Average and Marginal Revenues, Marginal Revenue and Price Elasticity of Demand, Short Run Equilibrium of the Monopoly Firm. Other Non-perfectly Competitive Markets- Monopolistic Competition, How do Firms behave in Oligopoly?

Online test for CBSE class 12 economics subject. Some basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation. Circular flow of income; Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method.

Online test for CBSE class 12 Money - its meaning and functions. Supply of money - Currency held by the public and net demand deposits held by commercial banks. Money creation by the commercial banking system. Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker's Bank, Controller of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.

CBSE online test class 12 economics subject Ex Ante and Ex Post: Movement Along a Curve Versus Shift of a Curve, The Short Run Fixed Price Analysis of the Product Market- A Point on the Aggregate Demand Curve, Effects of an Autonomous Change on Equilibrium Demand in the Product Market, The Multiplier Mechanism

Online test is for CBSE class 12 economics students for effective results. Government budget - meaning, objectives and components. Classification of receipts - revenue receipts and capital receipts; classification of expenditure –revenue expenditure and capital expenditure. Measures of government deficit - revenue deficit, fiscal deficit, primary deficit their meaning.

Online test if for Mycbseguide users which allow them to give their best before the actual exam. The Balance of Payments: BoP Surplus and Deficit, The Foreign Exchange Market- Determination of the Exchange Rate, Flexible Exchange Rates, Fixed Exchange Rates, Managed Floating, Exchange Rate Management: The International Experience. The Determination of Income in an Open Economy- National Income Identity for an Open Economy, Equilibrium Output and the Trade Balance. Trade Deficits, Savings and Investment

Sponsored Links

Download Mobile App


Subscribe by E-mail

For Latest News and Updates from
Enter your email address:

Join myCBSEguide


Connect via Facebook

Sponsored Links