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Important 1 Mark Book Back Questions (New Syllabus) 2020

12th Standard EM

    Reg.No. :
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Economics

Time : 00:15:00 Hrs
Total Marks : 16

    Part A

    16 x 1 = 16
  1. Who is regarded as Father of Modern Macro Economics

    (a)

    Adam Smith

    (b)

    J M Keynes

    (c)

    Ragnar Frisch

    (d)

    Karl Marx

  2. National income is measured by using_______ methods.

    (a)

    Two

    (b)

    Three

    (c)

    Five

    (d)

    Four

  3. The main concention of the Classical Economic Theory is____________

    (a)

    Under employment

    (b)

    Economy is always in the state of equilibrium

    (c)

    Demand creates its supply

    (d)

    Imperfect competition

  4. If the Keynesian consumption function is C=10+0.8Y then, when disposable income is Rs 100, what is the marginal propensity to consume?

    (a)

    Rs.0.8

    (b)

    Rs.800

    (c)

    Rs.810

    (d)

    Rs.0.81

  5. MV stands for

    (a)

    demand for money

    (b)

    supply of legal tender money

    (c)

    Supply of bank money

    (d)

    Total supply of money

  6. Central bank is_____ authority of any country.

    (a)

    Monetary

    (b)

    Fiscal

    (c)

    Wage

    (d)

    National Income

  7. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  8. IBRD is otherwise called

    (a)

    IMF

    (b)

    World Bank

    (c)

    ASEAN

    (d)

    International Finance Corporation

  9. The tax possesses the following characteristics

    (a)

    Compulsory

    (b)

    No quid pro quo

    (c)

    Failure to pay is offence

    (d)

    All the above

  10. The primary purpose of deficit financing is

    (a)

    Economic development

    (b)

    Economic stability

    (c)

    Economic equality

    (d)

    Employment generation

  11. Environmental goods are ____________

    (a)

    Market goods

    (b)

    Non-market goods

    (c)

    Both

    (d)

    None ofthe above

  12. Sustainable Development Goals and targets are to be achieved by ____________

    (a)

    2020

    (b)

    2025

    (c)

    2030

    (d)

    2050

  13. Economic growth measures the_______

    (a)

    Growth of productivity

    (b)

    Increase in nominal income

    (c)

    Increase in output

    (d)

    None of the above

  14. Expansion of NITI Aayog

    (a)

    National Institute to Transform India

    (b)

    National Institute for Transforming India

    (c)

    National Institution to Transform India

    (d)

    National Institution for Transforming India

  15. The term regression was used by:

    (a)

    Newton

    (b)

    Pearson

    (c)

    Spearman

    (d)

    Galton

  16. Econometrics is the amalgamation of

    (a)

    3 subjects

    (b)

    4 subjects

    (c)

    2 subjects

    (d)

    5 subjects

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