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12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - Part Five

12th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. _______ are excluded from national income.

    (a)

    Capital Gains

    (b)

    Social Accounting

    (c)

    Statistical Problems

    (d)

    None ofthese

  2. Which of the following is not an obstacle to full employment in classical theory?

    (a)

    Excess of saving over investment

    (b)

    Liquidity trap

    (c)

    Price rigidity

    (d)

    Wage Flexibility

  3. The ratio of consumption expenditure to any particular level of income is called as..?

    (a)

    The average propensity to consume

    (b)

    The average propensity to saving

    (c)

    The average propensity to investment

    (d)

    The marginal propensity to consume

  4. Match the correct codes

    1 The motive of enterprise i desire to do forward
    trading
    2 The motive of pride ii desire to bequeath a
    fortune
    3 The motive of avarice iii purely miserly instinct
    4 The motive of financial
    independence
    iv Economic Freedom
    (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)

  5. Assertion (A): When the disposable income of the people decreases, it raises their demand for goods and services.
    Reason (R): Disposable income may increase with the rise in national income or reduction in taxes or reduction in the saving of the people.

    (a)

    Both A and R are true and R is the correct explanation of A.

    (b)

    Both A and R are true but R is not the correct explanation of A.

    (c)

    A is true but R is false

    (d)

    A is false but R is true.

  6. ______ have only an internet presence, which enables them to lower costs than traditional brick-and-mortar banks

    (a)

    indirect banks

    (b)

    development bank

    (c)

    cooperative bank

    (d)

    direct banks

  7. ……………………………. means the entry of funds into a nation where foreigners deposit money in a nation’s bank or make purchase in the stock and bond markets, sometimes for speculation.

    (a)

    Foreign Government Investment

    (b)

    Foreign Portfolio Investment

    (c)

    Foreign Institutional Investment

    (d)

    Foreign Direct Investment

  8. What is known as ‘Paper Gold’?

    (a)

    Gold Bonds

    (b)

    Special Drawing Rights

    (c)

    Sovereign Investments

    (d)

    Gold Reserve of nations

  9. Which is not a type of Local Bodies?

    (a)

    Village Panchayats

    (b)

    District Boards or ZilaParishads

    (c)

    Municipal Wards

    (d)

    Municipal Corporations

  10. In _______planning the period extends over 3 to 5 year upto 7 to 10years.

    (a)

    over all

    (b)

    rolling

    (c)

    indicative

    (d)

    mid-term

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