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    12th CBSE Macro Ch-5,6 Test Paper - Solution

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    12th CBSE Macro Ch-5,6 Test Paper - Solution

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    Macro paper

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    7 views6 pages

    12th CBSE Macro Ch-5,6 Test Paper - Solution

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    of 6

    Std: XII CBSE Subject: - Macro Eco.

    (Ch-5,6) Marks-25 Time: 1 hr

    Q-1 Choose the most appropriate one from the given following alternatives. (7)
    1. Read the following dialogue between two people:
    Sita: I want 1 kg of Potatoes
    Rani: What will you give in exchange?
    Sita: I can give you 2 Ltrs. of Milk in return for the potatoes.
    Rani: I don’t need milk. I want a pair of shoe.

    Which of the following problem is being faced by Sita and Rani in their exchange process?
    (a) 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

    2. In the following question, read the following statements: Assertion (A) and Reason (R). Choose the correct
    alternative among those given below:
    Alternatives:
    (a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion
    (A).
    (b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion
    (A).
    (c) Assertion (A) is True but Reason (R) is False.
    (d) Assertion (A) is True False Reason (R) is True.

    Assertion (A): In India, no one can refuse to accept payment made in currency notes.
    Reason (R): Currency notes are unlimited legal tender in India.

    3. In the following Questions, read the following statements and choose the correct alternate among those
    given below:

    Alternatives:

    (a) Both the Statements are true.


    (b) Both the Statements are false.
    (c) Statement 1 is true and statement 2 is false.
    (d) Statement 2 is true and statement 1 is false.

    Statement 1: M1 includes only demand deposits and not time deposits.


    Statement 2: M1 is the most liquid measure of money supply.

    4. If the total deposits created by commercial banks is Rs. 10,000 crores and legal reserve requirements is
    40%, then amount of initial deposits will be______
    (a) Rs. 2000 crores (c) Rs. 4000 crores
    (b) Rs. 3000 crores (d) Rs. 14,000 crores

    5. Repo rate is the rate at which:


    (a) Commercial Banks purchase government securities from the central bank
    (b) Commercial Banks can take loans from the central bank
    (c) Commercial Banks can keep their deposits with the central bank
    (d) Short-term loans are given by commercial banks.

    6. In order to encourage Investment in the economy, the Central Bank may __________.
    (a) Reduce Cash Reserve Ratio
    (b) Increase Cash Reserve Ratio
    (c) Sell government securities in open market
    (d) Increase Bank Rate
    7. If Legal reserve ratio is 20%, the value of money multiplier would be_________.
    (a) 2 (c) 5
    (b) 3 (d) 4

    Q-2 Explain any two functions of money. (4)


    Ans: -
    Q-3 Explain the concepts of: (4)
    (i) Currency and coins with public;
    (ii) Demand deposits held by commercial banks.
    Ans: -
    Q-4 Explain ‘Repo Rate’ and ‘Reverse Repo Rate’. (4)
    Ans: -
    Q-5 Discuss the differences between a central Bank and a commercial bank. (6)
    Ans: -

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