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12th Standard Economics English Medium Free Online Test Book Back One Mark Questions

12th Standard EM

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The branches of the subject Economics is

    (a)

    Wealth and welfare

    (b)

    production and consumption

    (c)

    Demand and supply

    (d)

    micro and macro

  2. Net National product at factor cost is also known as

    (a)

    National Income

    (b)

    Domestic Income

    (c)

    Per capita Income

    (d)

    Salary

  3. Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

    (a)

    Full employment

    (b)

    Under employment

    (c)

    Unemployment

    (d)

    Employment opportunity

  4. The average propensity to consume is measured by

    (a)

    C/Y

    (b)

    CxY

    (c)

    Y/C

    (d)

    C+Y

  5. The RBI Headquarters is located at

    (a)

    Delhi

    (b)

    Chennai

    (c)

    Mumbai

    (d)

    Bengaluru

  6. A Bank is a

    (a)

    Financial institution

    (b)

    Corporate

    (c)

    An Industry

    (d)

    Service institutions

  7. Trade between two countries is known as ____ trade

    (a)

    External

    (b)

    Internal

    (c)

    Inter-regional

    (d)

    Home

  8. International Monetary Fund was an outcome of

    (a)

    Pandung Conference

    (b)

    Dunkel Draft

    (c)

    Bretton Woods Conference

    (d)

    Doha Conference

  9. The modern state is

    (a)

    Laissez-faire state

    (b)

    Aristocratic state

    (c)

    Welfare state

    (d)

    Police state

  10. Arrange following plans in correct chronological order
    (i) People's Plan
    (ii) Bombay Plan
    (iii) Jawaharlal Nehru Plan
    (iv) Vishveshwarya Plan

    (a)

    (i) (ii) (iii) (iv)

    (b)

    (iv) (iii) (ii) (i)

    (c)

    (i) (ii) (iv) (iii)

    (d)

    (ii) (i) (iv) (iii)

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