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

12th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The country following Capitalism is ________________

    (a)

    Russia

    (b)

    America

    (c)

    India

    (d)

    China

  2. What is considered as the heart of any capitalistic economy?

    (a)

    Sales mechanism

    (b)

    Price mechanism

    (c)

    Demand mechanism

    (d)

    Exchange mechanism

  3. Match the correct codes

    1 Govt. Internal Regulation only i Capitalism
    2. Complete Involvement of Gov.t ii Socialism
    3. Limited Role of Government iii Mixed Economy
    4 Government Enterprise Naure iv Capitalist Economy
    (a)

    (1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)

    (b)

    (1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)

    (c)

    (1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)

    (d)

    (1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

  4. National income is a measure of the__________ performance of an economy

    (a)

    Industrial

    (b)

    Agricultural

    (c)

    Economic

    (d)

    Consumption

  5. GNP at Market prices = GDP at Market Price+ __________.

    (a)

    Net Market Income

    (b)

    Net Factor Income from abroad

    (c)

    Botha' and 'b'

    (d)

    Personal Income

  6. ___________ was one of the most influential economists of the 20th Century.

    (a)

    J.B.Say

    (b)

    Marshall

    (c)

    John Maynard Keynes

    (d)

    Adamsmith

  7. __________ is the autonomous consumption.

    (a)

    Consumption made either by gift or borrowings

    (b)

    Consumption

    (c)

    Demand

    (d)

    None

  8. 1- C/Y is defined as:

    (a)

    Average propensity to consume

    (b)

    Marginal propensity co consume

    (c)

    Average propensity to save

    (d)

    Marginal propensity to save

  9. Expand the SLR

    (a)

    Statutory Liquidity Ratio (SLR)

    (b)

    State Liquidity Ratio (SLR)

    (c)

    Small Liquidity Ratio (SLR)

    (d)

    Statutory Liquid Ratio (SLR)

  10. Econometrics is the amalgamation of

    (a)

    3 subjects

    (b)

    4 subjects

    (c)

    2 subjects

    (d)

    5 subjects

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