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12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Seven

12th Standard

    Reg.No. :
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Economics

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Tertiary sector is also called as __________sector

    (a)

    Service

    (b)

    Income

    (c)

    Industrial

    (d)

    Production

  2. The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as___________

    (a)

    Net Factor Income from Abroad

    (b)

    Capital Consumption Allowances

    (c)

    Depreciatio

    (d)

    None of these

  3. J.B. Say is a ___________

    (a)

    Neo Classical Economist

    (b)

    Classical Economist

    (c)

    Modern Economist

    (d)

    New Economist

  4. Assertion (A) :In developing countries like India, the nature of unemployment is different from that of developed countries.
    Reason (R) :In developed countries, the unemployment is purely temporary or cyclical or frictional

    (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 true

  5. The MPC is equal to :

    (a)

    Total spending / total consumption

    (b)

    Total consumption/total income

    (c)

    Change in consumption /change in income

    (d)

    none of the above

  6. During depression the level of economic activity becomes extremely

    (a)

    high

    (b)

    bad

    (c)

    low

    (d)

    good

  7. The State Financial Corporation Act was passed by

    (a)

    Government of India

    (b)

    Government of Tamilnadu

    (c)

    Government of Union Territories

    (d)

    Local Government

  8. ASEAN was created in

    (a)

    1965

    (b)

    1967

    (c)

    1972

    (d)

    1997

  9. Global warming also refers to as

    (a)

    Ecological change

    (b)

    Climate Change

    (c)

    Atmosphere change

    (d)

    None of the above

  10. Perspective plan is also known as______

    (a)

    Short-term plan

    (b)

    Medium-term plan

    (c)

    Long-term plan

    (d)

    None of the above

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