Quarterly Model Question Paper

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 02:45:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. A steady increase in general price level is termed as_____________.

    (a)

    wholesale price index

    (b)

    Business Cycle

    (c)

    Inflation

    (d)

    National Income

  2. An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

    (a)

    Capitalistic Economy

    (b)

    Socialistic Economy

    (c)

    Globalisic Economy

    (d)

    Mixed Economy

  3. ________ is a combination of both capitalism and socialism.

    (a)

    Socialistic economy

    (b)

    Capitalistic economy

    (c)

    Traditional economy

    (d)

    Mixed economy

  4. Find the odd one out

    (a)

    C + I

    (b)

    C + I + G + (X – M)

    (c)

    C + I + G

    (d)

    (X – M)

  5. Per capita income is obtained by dividing the National income by__________

    (a)

    Production

    (b)

    Population of a country

    (c)

    Expenditure

    (d)

    GNP

  6. NNP at factor cost = NNP at Market Price - ________ + Subsidies.

    (a)

    Direct taxes

    (b)

    Canons of taxes

    (c)

    Indirecttaxes

    (d)

    None of these

  7. Secondary sector is __________

    (a)

    Industry

    (b)

    Trade

    (c)

    Agriculture

    (d)

    Manufacture

  8. Disposable Income is also known as……………..?

    (a)

    Disposable private income

    (b)

    Disposable personal income

    (c)

    Deductible personal income

    (d)

    None of the above

  9. Assertion (A) :National Income is considered as an indicator of the economic wellbeing of a country.
    Reason (R) :The economic progress of countries is measured in terms of their GDP per capita and their annual growth rate

    (a)

    Both (A) and (R) are true and (R) is the correct explanation of (A).

    (b)

    Both (A) and (R) are true, but (R) is not the correct explanation of (A).

    (c)

    (A) is true, but (R) is false

    (d)

    (A) is false, but (R) is tr

  10. That part of personal income which is actually available to households for consumption and saving is called________

    (a)

    National Disposable Income

    (b)

    Personal Disposable Income

    (c)

    Personal Income

    (d)

    None

  11. _________ Flexibility brings equality between saving and investment

    (a)

    Demand

    (b)

    Supply

    (c)

    Capital

    (d)

    Interest

  12. Total production equals to __________

    (a)

    total income

    (b)

    gross income

    (c)

    net income

    (d)

    total sales

  13. Which of the following economies have the unemployment is purely temporary or cyclical or frictional?

    (a)

    Developed Economies

    (b)

    Underdeveloped economies

    (c)

    Developing economics

    (d)

    None of the above

  14. The relationship between total spending on consumption and the total income is the_________

    (a)

    Consumption function

    (b)

    Savings function

    (c)

    Investment function

    (d)

    aggregate demand function

  15. The term consumption function explains the relationship between ___________ and ___________

    (a)

    Labour and Consumer

    (b)

    Income and Consumption

    (c)

    Consumer and Consumption

    (d)

    Organisation and Consumption

  16. MEC is inversely related to:

    (a)

    Prospective yield

    (b)

    Supply price

    (c)

    Investment

    (d)

    Rate of interest

  17. ___________inflation is in no way dangerous to the economy

    (a)

    walking

    (b)

    running

    (c)

    creeping

    (d)

    galloping

  18. "The purchasing power of money" was a book published by________in 1911

    (a)

    J.M. Keynes

    (b)

    Irving Fisher

    (c)

    Adam smith

    (d)

    Ricardo

  19. During_______ the level of economicactivity becomes extremely high.

    (a)

    Boom

    (b)

    Recession

    (c)

    Depression

    (d)

    Recovery

  20. Moral suasion refers.

    (a)

    Optimization

    (b)

    Maximization

    (c)

    Persuasion

    (d)

    Minimization

  21. 7 x 2 = 14
  22. Classify the economies based on status of development

  23. What is Technical Unemployment?

  24. Define marginal propensity to consume (MPC).

  25. Compare and contrast fiat money and commodity money.

  26. What is meant by Regulation of consumer's credit?

  27. Define Terms of Trade.

  28. What is the view of Mercantilism about trade?

  29. 7 x 3 = 21
  30. Enumerate the features of mixed economy

  31. Indicate the demerits of Mixed Economy.

  32. Give short note on Expenditure method

  33. Comment - “Ex ante and Ex post in Says’ Law

  34. Specify the functions of IFCI.

  35. Mention the difference between FDI and FPI

  36. Write briefly about “Structural Adjustment Facility”

  37. 7 x 5 = 35
  38. Discuss the importance of social accounting in economic analysis

  39. Explain the basic concepts of national income.

  40. Explain the operation of the Accelerator

  41. Describe the phases of Trade cycle.

  42. What are the objectives of ARDC? Explain

  43. Explain briefly the Comparative Cost Theory.

  44. Write the functions of BRICS.

*****************************************

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Economics Quarterly Model Question Paper

Write your Comment