New ! Economics MCQ Practise Tests

12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 00:20:00 Hrs
Total Marks : 20

    Answer all the questions

    20 x 1 = 20
  1. Which is not the feature of economic growth?

    (a)

    Concerned with developed nations

    (b)

    Gradual change

    (c)

    Concerned with quantitative aspect

    (d)

    Wider concept

  2. Which of the following country adopts indicative planning?

    (a)

    France

    (b)

    Germany

    (c)

    Italy

    (d)

    Russia

  3. Long-term plan is also known as_______

    (a)

    Progressive Plans

    (b)

    Non-progressive Plans

    (c)

    Perspective Plans

    (d)

    Non-perspective Plans

  4. Who wrote the book 'The Road to Serfdom'?

    (a)

    Friedrich Hayek

    (b)

    H.R. Hicks

    (c)

    David Ricardo

    (d)

    Thomas Robert Malthus

  5. NITI Aayog is formed through_______

    (a)

    Presidential Ordiance

    (b)

    Allocation of business rules by President of India

    (c)

    Cabinet resolution

    (d)

    None of the above

  6. The Chair Person of NIT I Aayog is

    (a)

    Prime Minister

    (b)

    President

    (c)

    Vice - President

    (d)

    Finance Ministed

  7. Which is not the characteristics of UDCs?

    (a)

    Low per capita

    (b)

    Wide in equality

    (c)

    High rate of unemployment

    (d)

    Price mechanism

  8. The first country to introduce Five Year Plan was

    (a)

    UK.

    (b)

    U.S.A.

    (c)

    Former Soviet Russia

    (d)

    France

  9. In a socialist state most of the means of production are owned by the

    (a)

    Private individuals

    (b)

    State

    (c)

    Planning authority

    (d)

    none of the above

  10. During depression, there will be falling prices and mass

    (a)

    full employment

    (b)

    unemployment

    (c)

    production

    (d)

    recession

  11. Planning is a gift of___________ to the world

    (a)

    America

    (b)

    Japan

    (c)

    Former Soviet Russia

    (d)

    Germany

  12. There will be ______ planning in acapitalist economy

    (a)

    rural

    (b)

    urban

    (c)

    total

    (d)

    partial

  13. The Ninth Plan ________on the external trade front.

    (a)

    succeeded

    (b)

    failed

    (c)

    succeeded more than target

    (d)

    aim and target are equal

  14. _________adopted economic planning for the first time 1928

    (a)

    U.S.A

    (b)

    Soviet union

    (c)

    Former soviet Russia

    (d)

    Both 'b' and 'c'

  15. Associate the following conditions to a suitable type of economy.
    “Low per capita income, widespread poverty, wide inequality in distribution of income and wealth, overpopulation, low rate of capital formation, high rate of unemployment, technological backwardness, dualism, etc.”

    (a)

    developed economy

    (b)

    Underdeveloped economy

    (c)

    mixed economy

    (d)

    advanced economy

  16. What are the income limits of Middle Income Countries as per World Development Report?

    (a)

    GNI Per Capita Ranging Between $906 And $11, 115

    (b)

    GDP Per Capita Ranging Between $906 And $11, 115

    (c)

    Per Capita Ranging $11, 115 and above

    (d)

    GDP Per Capita Ranging Between $906 or below

  17. Capital formation refers to the net addition to the ___________ which are either tangible like plants and machinery or intangible like health, education, and research.

    (a)

    existing flow of capital goods

    (b)

    old stock of capital goods

    (c)

    anticipated flow of capital goods

    (d)

    existing stock of capital goods

  18. ______________ formation is the process of increasing knowledge, skills and the productive capacity of people.

    (a)

    finance capital

    (b)

    human capital

    (c)

    material capital

    (d)

    investment

  19. The missing part of the cycle

    (a)

    Low income

    (b)

    Low tax

    (c)

    Low productivity

    (d)

    Low investment

  20. Who explained the idea in these words: “It implies a circular constellation of forces tending to act and react upon one another in such a way as to keep a poor country in a state of poverty”

    (a)

    Dalton

    (b)

    Pigou

    (c)

    Schumpeter

    (d)

    Nurkse

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

TN 12th Standard Economics free Online practice tests

Reviews & Comments about 12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

Write your Comment