Download App

Introduction — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsIntroduction1 Mark
Question
Assertion (A): Operating Surplus does not arise in the general government sector.
Reason (R): General Government produces goods and services with the aim of earning profit without any intention of social welfare.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason 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 False but Reason (R) is True
✓

Answer

c)

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Assertion (A) & Reason (B) MCQ" from Introduction→Introduction — all question types→Economics STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Assertion (A): Net Demand Deposits (and not Gross Demand Deposits) of Commercial Banks are included in Money Supply.
Reason (R): Inter-Bank Deposits are the deposits held by banks on behalf of other banks and do not belong to the public.
Alternatives:-
a) Both Assertions (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 False but Reason (R) is True
→
Assertion (A): Savings are zero in the case of a two-sector economy.
Reason (R): Households spend the entire factor income received from firms on the consumption of goods and services.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason 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 False but Reason (R) is True
→
Assertion (A): Expenditure on Ujjwala Yojana launched by the Government is an example of revenue expenditure.
Reason (R): It is the expenditure that neither created assets nor reduced liabilities of the Government.
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 False but Reason (R) is true.
→
Assertion (A): During periods of economic downturn, central bank raises cash reserve ratio as a monetary policy tool to stabilise the economy.
Reason (R): This in turn will increase the credit creation power of the commercial banks and thus reduces the level of AD in an economy.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Both Assertion (A) and Reason (R) are false
→
Assertion (A): The government budget is an annual estimated statement of revenue and expenditure during the coming fiscal year.
Reason (R): Through the government budget, it tries to reduce the regional variations.
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 False but Reason (R) is true.
→
Assertion (A): National Income is a national Concept.
Reason (R): National Income includes the value of final goods and services produced in the entire world by all producers who are normal residents of the country.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason 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 False but Reason (R) is True
→
Assertion (A): In a situation of deficient demand, there is underemployment equilibrium in an economy.
Reason (R): Owing to deficient AD, equilibrium between desired AD and desired AS is struck at a lower level of GDP, lower than the full employment in an economy.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Both Assertion (A) and Reason (R) are false
→
Assertion (A): Money Supply is considered to be a stock concept.
Reason (R): Money Supply is measured at a particular point in time.
Alternatives:-
a) Both Assertions (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 False but Reason (R) is True
→
Assertion (A): Factor income is a Bilateral Income.
Reason (R): Factor income is earned for contributing to the production process.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason 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 False but Reason (R) is True
→
Assertion (A): Direct taxes have limited reach
Reason (R): Direct taxes do not reach all the sections of the economy.
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 False but Reason (R) is true.
→