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

12th Standard

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Economics

Time : 00:10:00 Hrs
Total Marks : 10
    Answer all the questions
    10 x 1 = 10
  1. Quantity of a commodity accumulated at a point of time is termed as ____________..

    (a)

    production

    (b)

    stock

    (c)

    variable

    (d)

    flow

  2. Identify which is not an example of capitalistic economy.

    (a)

    The USA economy

    (b)

    Germany economy

    (c)

    Indian economy

    (d)

    Australia economy

  3. The total money value of final goods and services produced in the country excluding depreciation is called _________.

    (a)

    NDP

    (b)

    GDP

    (c)

    NNP

    (d)

    GNP

  4. The Functions of commercial banks are broadly classified into

    (a)

    Primary Functions

    (b)

    Secondary functions

    (c)

    Other functions

    (d)

    a, b, and c

  5. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  6. The first ministerial meeting ofWTO was held at

    (a)

    Singapore

    (b)

    Geneva

    (c)

    Seattle

    (d)

    Doha

  7. The difference between total expenditure and total receipts including loans and other liabilities is called

    (a)

    Fiscal deficit

    (b)

    Budget deficit

    (c)

    Primary deficit

    (d)

    Revenue deficit

  8. The process of nutrient enrichment is termed as

    (a)

    Eutrophication

    (b)

    Limiting nutrients

    (c)

    Enrichment

    (d)

    Schistosomiasis

  9. Who wrote the book 'The Road to Serfdom'?

    (a)

    Friedrich Hayek

    (b)

    H.R. Hicks

    (c)

    David Ricardo

    (d)

    Thomas Robert Malthus

  10. A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called

    (a)

    Correlation

    (b)

    Regression

    (c)

    Residual

    (d)

    Slope

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