List of top Economics Questions on Banking, finance and macroeconomic policies asked in CBSE CLASS XII

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below:
Assertion (A): In case of public goods no one can be excluded from enjoying the benefits.
Reason (R): Public goods are non-rivalrous and non-excludable in nature.

In the decade of 1970s, Pakistan nationalized its ___________ industry. (Fill up the blank with the correct alternative.)

Suppose an economy is in equilibrium. From the following data, calculate Investment Expenditure in the economy: 
National Income = Rupees 40, 000 crore
Marginal Propensity to Consume (MPC) = 0.8 
Autonomous Consumption  (c) = Rupees 100 crore

Arrange the following in the correct sequential order, if the government of a nation is trying to curtail the situation of inflationary gap:
(i) Decrease in disposable income
(ii) Increase in taxes
(iii) Decrease in Aggregate Demand