New ! Economics MCQ Practise Tests

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

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Non-interference of the state is a characteristic features of the ___________.

    (a)

    Socialist Economy

    (b)

    Capitalist Economy

    (c)

    Traditional Economy

    (d)

    Command Economy

  2. How many models of circular flow of economy are there?

    (a)

    One

    (b)

    Three

    (c)

    Five

    (d)

    Two

  3. GDP indicates productive capacity for an ______.

    (a)

    economy

    (b)

    employment

    (c)

    income

    (d)

    population

  4. Match the correct codes

    1 Simon Kuznets i Creator of GDP
    2. Disposal income ii consumption +saving
    3. NNP at factor cost iii NNP at Market prices – Indirect taxes + Subsidies
    4. Y iv w + r + i + π + (R-P)
    (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) – (iv) (4) – (iii)

  5. ________ theory is a turning point in the development of modern economic theory.

    (a)

    Keynes’

    (b)

    Say’s

    (c)

    Classical

    (d)

    Employmen

  6. Assertion (A) Aggregate demand curve increases at an increasing rate in the beginning and then increases at a decreasing rate.
    Reason (R) Aggregate demand shows that as income increases owing to increase in employment, expenditure of the economy increases at a decreasing rate.

    (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. The sum of the MPC and MPS is___________

    (a)

    1

    (b)

    2

    (c)

    0.1

    (d)

    1.1

  8. Head quarters of BRICS is in

    (a)

    Shanghai

    (b)

    India

    (c)

    Sri lanka

    (d)

    Bhutan

  9. Which of the following is the anticipated effect of Global warming?

    (a)

    Rising sea levels

    (b)

    Changing precipitation

    (c)

    Expansion of deserts

    (d)

    All of the above

  10. The term Uiin regression equation is

    (a)

    Residuals

    (b)

    Standard error

    (c)

    Stochastic error term

    (d)

    None

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

TN 12th Standard Economics free Online practice tests

Reviews & Comments about 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Six

Write your Comment