New ! Economics MCQ Practise Tests

12th Standard Economics English Medium Free Online Test Book Back One Mark Questions - 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. _________ Flexibility brings equality between saving and investment

    (a)

    Demand

    (b)

    Supply

    (c)

    Capital

    (d)

    Interest

  4. 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

  5. Inflation means

    (a)

    Prices are rising

    (b)

    Prices are falling

    (c)

    Value of money is increasing

    (d)

    Prices are remaining the same

  6. Online Banking is also known as.

    (a)

    E-Banking

    (b)

    Internet Banking

    (c)

    RTGS

    (d)

    NEFT

  7. Foreign direct investments not permitted in India

    (a)

    Banking

    (b)

    Automic energy

    (c)

    Pharmaceutical

    (d)

    Insurance

  8. ASEAN was created in

    (a)

    1965

    (b)

    1967

    (c)

    1972

    (d)

    1997

  9. The word budget has been derived from the French word "bougette" which means

    (a)

    A small bag

    (b)

    An empty box

    (c)

    A box with papers

    (d)

    None of the above

  10. Planning Commission was set up in the year ________

    (a)

    1950

    (b)

    1951

    (c)

    1947

    (d)

    1948

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

TN 12th Standard Economics free Online practice tests

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

Write your Comment