Term 1 Model Question Paper

12th Standard EM

    Reg.No. :
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Economics

Time : 02:00:00 Hrs
Total Marks : 60
    8 x 1 = 8
  1. Identify the other name for Macro Economics

    (a)

    Price Theory

    (b)

    Income Theory

    (c)

    Market Theory

    (d)

    Micro Theory

  2. Macro economics is a study of_________

    (a)

    individuals

    (b)

    firms

    (c)

    a nation

    (d)

    aggregates

  3. Primary sector is ________

    (a)

    Industry

    (b)

    Trade

    (c)

    Agriculture

    (d)

    Construction.

  4. J.B. Say is a ___________

    (a)

    Neo Classical Economist

    (b)

    Classical Economist

    (c)

    Modern Economist

    (d)

    New Economist

  5. The average propensity to consume is measured by

    (a)

    C/Y

    (b)

    CxY

    (c)

    Y/C

    (d)

    C+Y

  6. Inflation means

    (a)

    Prices are rising

    (b)

    Prices are falling

    (c)

    Value of money is increasing

    (d)

    Prices are remaining the same

  7. Bank credit refers to

    (a)

    Bank Loans

    (b)

    Advances

    (c)

    Bank loans and advances

    (d)

    Borrowings

  8. Trade between two countries is known as ____ trade

    (a)

    External

    (b)

    Internal

    (c)

    Inter-regional

    (d)

    Home

  9. 5 x 1 = 5
  10. Micro

  11. (1)

    Small

  12. Red tapism and corruption

  13. (2)

    GNP - Depreciation allowance

  14. NNP

  15. (3)

    Inefficiency of production

  16. GNP

  17. (4)

    Transfer payments

  18. ASF

  19. (5)

    Aggregate Supply Function

    7 x 2 = 14
  20. Define the term ‘Inflation

  21. List out the assumptions of Say’s law.

  22. Define Multiplier.

  23. Define Commercial banks.

  24. Define International trade.

  25. Define Terms of Trade.

  26. Define Common Market.

  27. 6 x 3 = 18
  28. Distinguish between Capitalism and Globalism.

  29. List out the uses of national income

  30. Write any five differences between classism and Keynesianism.

  31. Differentiate autonomous and induced investment.

  32. What is money supply?

  33. What are trade blocks?

  34. 3 x 5 = 15
  35. Critically explain Say’s law of market

  36. Explain the functions of money

  37. Discuss the differences between Internal Trade and International Trade.

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