New ! Economics MCQ Practise Tests

All Chapter 5 Marks

12th Standard

    Reg.No. :


Time : 03:30:00 Hrs
Total Marks : 240
    Answer The Following Question:
    48 x 5 = 240
  1. Discuss the scope of Macro Economics

  2. Compare the feature among Capitalism, Secularism and Mixedism

  3. Explain the merits of socialism.

  4. Explain the Demerits of capitalism.

  5. Explain the importance of national income

  6. Discuss the importance of social accounting in economic analysis

  7. Discuss the method measuring the National Income by Income Method.

  8. Discuss the methods of measuring the National Income by Product Method.

  9. Critically explain Say’s law of market

  10. Narrate the equilibrium between ADF and ASF with diagram

  11. Draw the diagram ADF.

  12. Classify the following as either employed, unemployed or not in the labor force

    An individual who has been temporarily absent due to caring for an elderly relative whether they are paid or not  
    A person 18 years old or older who works without pay for 15 or more hours per week in a family enterprise  
    Someone who works for pay in his or her own business  
    A woman who spends five hours a week sending bills to her husband's clients. She is not paid for her work. Otherwise she performs non-market work at home  
    A retired person  
    A person who quits one job in favor of looking for work elsewhere but has yet to find work  
  13. Explain Keynes psychological law of consumption f.unction with diagram.

  14. Briefly explain the subjective and objective factors of consumption function?

  15. What are the factors on which MEC depends? Also give details on the factors which influence MEC.

  16. Explain the concept of super multiplier.

  17. Illustrate Fisher’s Quantity theory of money.

  18. Describe the phases of Trade cycle.

  19. Consider M = Rs. 1000. M’ = Rs. 500, V = 3, V’ = 2, T = 4000 goods and Find the value of money using Fisher’s quantity theory of

  20. Solve and discuss the following using Marshall “Cash Balance Approach”. Suppose money supply in cash and bank deposits (M) = Rs. 1,000. (ii) The total annual national income (R) = 10,000 units. (iii) The goods (income) which the community wants to hold in money (K), say one-fifth of Y = 2,000 units.

  21. Elucidate the functions of Commercial Banks

  22. Describe the functions of Reserve Bank of India.

  23. Compare and contrast RBI and other Commercial Banks.

  24. Explain the chain of events that results from an expansionary monetary policy.

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

  26. Explain briefly the Comparative Cost Theory.

  27. Explain the any two types of Exchange Rates

  28. Discuss the state of FDI in India.

  29. Explain the objectives of IMF.

  30. Write a note on
    a) SAARC
    b) BRICS

  31. Explain in detail about the facilities offered by IMF to its member nations?

  32. Elaborate the WTO Agreements in detail

  33. Explain the principles of Federal Finance.

  34. Describe the various types of deficit in budget.

  35. What are the advantages of GST?

  36. List the Revenue of State Sources

  37. Briefly explain the relationship between GDP growth and the quality of environment.

  38. Explain the importance of sustainable development and its goals.

  39. What are the causes of land pollution? What are the remedial measures to control land pollution?

  40. Discuss the Effects of Land Pollution.

  41. Describe different types of Planning.

  42. Bring out the arguments against planning.

  43. Draw the 7 pillars of NITI Aayog

  44. Elucidate various measures of economic development.

  45. Elucidatethe nature and scope of Statistics.

  46. Describe the application of Econometrics in Economics.

  47. Calculate the standard deviation for the following data by assumed mean method: 43, 48, 65, 57, 31, 60, 37, 48, 78, 59

  48. The data on price and quantity purchased relating to a commodity for 5 months is given below: Find the Pearsonian correlation coefficient between prices and quantity and comment on its sign and magnitude.

    Month January Febuary March April May
    Prices (Rs): 10 10 11 12 12
    Quantity (Kg): 5 6 4 3 3


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