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12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020

12th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Who is referred as ‘Father of Capitalism’?

    (a)

    Adam Smith

    (b)

    Karl Marx

    (c)

    Thackeray

    (d)

    J M Keynes

  2. GNP = _________ + Net factor income from abroad

    (a)

    NNP

    (b)

    NDP

    (c)

    GDP

    (d)

    Personal income

  3. In an open economy import _________ the value of the multiplier

    (a)

    Reduces

    (b)

    increase

    (c)

    does not change

    (d)

    changes

  4. Which of the following is Keynesian saving function?

    (a)

    S = f(i)

    (b)

    S = f(P)

    (c)

    S = f (Y)

    (d)

    S = f (W)

  5. Who will act as the banker to the Government of India?

    (a)

    SBI

    (b)

    NABARD

    (c)

    ICICI

    (d)

    RBI

  6. Favourable trade means value of exports are ________ Than that of imports.

    (a)

    More

    (b)

    Less

    (c)

    More or Less

    (d)

    Not more than

  7. The term BRIC was coined in

    (a)

    2001

    (b)

    2005

    (c)

    2008

    (d)

    2010

  8. 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

  9. Alkali soils are predominantly located in the _______ plains?

    (a)

    Indus-Ganga

    (b)

    North-Indian

    (c)

    Gangetic plains

    (d)

    All the above

  10. Who stated that statistics as a science of estimates and probabilities.

    (a)

    Horace Secrist.

    (b)

    R.A Fisher

    (c)

    Ya-Lun-Chou

    (d)

    Boddington

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