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

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. PQLI is the indicator of_____________

    (a)

    Economic growth

    (b)

    Economic welfare

    (c)

    Economic welfare

    (d)

    Economic development

  2. NNP = ___________ - Depreciation.

    (a)

    GNP

    (b)

    GDP

    (c)

    NDP

    (d)

    All of these

  3. The total money value of final goods and services produced in the country excluding depreciation is called _________.

    (a)

    NDP

    (b)

    GDP

    (c)

    NNP

    (d)

    GNP

  4. As increase in consumption at any given level of income is likely to lead

    (a)

    Higher aggregate demand

    (b)

    An increase in exports

    (c)

    A fall in taxation revenue

    (d)

    A decrease in import spending

  5. Inflation means

    (a)

    Prices are rising

    (b)

    Prices are falling

    (c)

    Value of money is increasing

    (d)

    Prices are remaining the same

  6. NBFI does not have.

    (a)

    Banking license

    (b)

    government approval

    (c)

    Money market approval

    (d)

    Finance ministry approval

  7. Which of the following is a modern theory of international trade?

    (a)

    absolute cost

    (b)

    comparative cost

    (c)

    Factor endowment theory

    (d)

    none of these

  8. International Development Association is an affiliate of

    (a)

    IMF

    (b)

    World Bank

    (c)

    SAARC

    (d)

    ASEAN

  9. Consider the following statements and identify the correct ones.
    (i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
    (ii) The Constitution also provides for transferring certain tax revenues from union list to states.

    (a)

    i only

    (b)

    ii only

    (c)

    both

    (d)

    none

  10. The common source of outdoor air pollution is caused by combustion processes from the following ______________

    (a)

    Heating and cooking

    (b)

    Traditional stoves

    (c)

    Motor vehicles

    (d)

    All the above

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