New ! Economics MCQ Practise Tests

12th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Identify the necessity of Economic policies

    (a)

    to solve the basic problems

    (b)

    to overcome the obstacles

    (c)

    to achieve growth

    (d)

    all the above

  2. Expenditure method is used to estimate national income in_______

    (a)

    Construction sector

    (b)

    Agricultural Sector

    (c)

    Service sector

    (d)

    Banking sector

  3. According to classical theory, rate of interest is a reward for __________

    (a)

    Investment

    (b)

    Demand

    (c)

    Capital

    (d)

    Saving

  4. The multiplier tells us how much __________ changes after a shift in _____

    (a)

    Consumption , income

    (b)

    investment, output

    (c)

    savings, investment

    (d)

    output, aggregate demand

  5. V in MV = PT equation stands for

    (a)

    Volume of trade

    (b)

    Velocity of circulation of money

    (c)

    Volume of transaction

    (d)

    Volume of bank and credit money

  6. Expansions of ATM

    (a)

    Automated Teller Machine

    (b)

    Adjustment Teller Machine

    (c)

    Automatic Teller mechanism

    (d)

    Any Time Money

  7. Components of balance of payments of a country includes

    (a)

    Current account

    (b)

    Official account

    (c)

    Capital account

    (d)

    All of above

  8. New Development Bank is associated with

    (a)

    BRICS

    (b)

    WTO

    (c)

    SAARC

    (d)

    ASEAN

  9. In a pure public good, consumption is ___________

    (a)

    Rival

    (b)

    Non-rival

    (c)

    Both

    (d)

    None of the above

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

    (a)

    Friedrich Hayek

    (b)

    H.R. Hicks

    (c)

    David Ricardo

    (d)

    Thomas Robert Malthus

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

TN 12th Standard Economics free Online practice tests

Reviews & Comments about 12th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two

Write your Comment