List of top Questions asked in MPBSE Class XII Board

The return on debentures is called –
The profit sharing ratio of A, B and C is \( \frac{5}{10} : \frac{6}{20} : \frac{4}{20} \). What will be the new profit sharing ratio if C retires?
The change in the value of assets and liabilities on reconstitution is recorded in which account?
Which account is also prepared along with capital account in fixed capital method?
How much interest is payable on the loan of a partner in the absence of partnership deed?
On the death of a partner, his claim is transferred to which account?
Which ratios are primarily measures of return?
Which ratios provide information critical to the long-run operation of the firm?
Preparation of financial statements of a company is:
On admission of a partner, the general reserve in the old balance sheet is transferred to:
Interest on partner's drawings in the absence of a partnership deed is:
To which activity does the payment of dividend belong?
Explain with diagram of the law of demand, in brief.
Consider the demand for a good. At price 5, the demand for the goods is 15 units. Suppose the price of the goods increases to Rs. 7 and as a result, the demand for the goods falls 12 units. Calculate the price elasticity.

Compute the total revenue, marginal revenue and average revenue schedules in the following table. Market price of each unit of the good is Rs. 10. 

Write two reasons of deficient demand?
Write two components of aggregate demand.

Answer in one sentence: 

(i) What is errors and omissions? 

(ii) Who determine the Minimum Support Price? 

(iii) What is inflation? 

(iv) Write the name of method of National Income. 

(v) What is marginal propensity to consume? 

(vi) What is ex ante investment?

Match the columns: 

(i) Flow 
(ii) MPS 
(iii) Inferior goods 
(iv) Stock 
(v) The slope of budget line 
(vi) APC 

'A' and 'B' columns: 

'A' 
(i) Flow 
(ii) MPS 
(iii) Inferior goods 
(iv) Stock 
(v) The slope of budget line 
(vi) APC 

'B' 
(a) Negative 
(b) Coarse cereals 
(c) Marginal Propensity to Consume 
(d) 1 - APC 
(e) Point of time 
(f) Period of time 
(g) C/Y

Write True or False: 

(i) Investment is defined as addition to the stock of physical capital. 

(ii) Foreign Exchange Rate also called Forex Rate. 

(iii) Law of demand is also applicable on Giffen's goods. 

(iv) Fixed cost is also known as supplementary cost. 

(v) Variable cost can be zero. 

(vi) The perfect competition consists of a large number of buyers and sellers. 

(vii) Full employment never means zero unemployment.

Micro economics is related to -

Write in brief two merits and two demerits of Fixed Exchange Rate.
Write four distinguish between total variable cost and total fixed cost.
Distinguish between revenue expenditure and capital expenditure.
What is the meaning of deficit budget? Explain its types briefly.