GRADE 12 NIOS CLASS TEST (Economics & Business Studies)
TOTAL MARKS: 20
Q1. Answer the following in short. (2x4=8)
1. Wealth Definition of Economics
2. Scarcity Definition of Economics
3. Co-operative Banks
4. Commercial Banks
Q2. Answer the following in brief. (2x6=12)
1. Explain the law of Diminishing Marginal Utility
2. Explain the Functions of Banking System.
PROF. NAZNEEN SIDDIQUI M.COM, B.ED, BMS, PGDHRM