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

12th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. After a period of depression ______ sets in.

    (a)

    recovery

    (b)

    prosperity

    (c)

    boom

    (d)

    trough

  2. Generally, the nature of indirect tax is ……………

    (a)

    Progressive

    (b)

    Regressive

    (c)

    Proportional

    (d)

    None of the above

  3. Increasing temperature in the atmosphere leads to Global Warming.

    (a)

    Increase sea level

    (b)

    Melting of polar ice large

    (c)

    Displacement and loss of habitat

    (d)

    Destroying the forest

  4. Find the missing agent of economy.

    (a)

    Producer’s Recycle

    (b)

    Distributor

    (c)

    Consumers

    (d)

    None of the above

  5. Environmental degradation means

    (a)

    Overall lowering of environmental qualities.

    (b)

    Adverse change brought in by human activities.

    (c)

    Ecological imbalance

    (d)

    All the above

  6. Assertion (A): Wastes contain harmful chemicals and toxins which make the water poisonous for aquatic animals and plants.
    Reason (R): Sewage, garbage, and liquid waste of households, agricultural runoff, and effluents from factories are discharged into lakes and rivers.

    (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.

  7. Assertion (A): The deficiency of capital, in turn, leads to low levels of productivity and back to low income.
    Reason (R): The low level of saving leads to low investment and to deficiency of capital.

    (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

  8. P.C.Mahalanobis is known as the founder of________.

    (a)

    classical statistics

    (b)

    mathematical economics

    (c)

    modern statistics

    (d)

    applied econometrics

  9. ________ data already exist in some form: published or unpublished in an identifiable secondary source.

    (a)

    primary

    (b)

    vital

    (c)

    raw

    (d)

    secondary

  10. Assertion (A): Statistics is indispensable in planning.
    Reason (R): In order to achieve the above goals, various advanced statistical techniques are used for processing, analyzing and interpreting data.

    (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.

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