Term II Model Question Paper

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Who coined the word ‘Macro’?

    (a)

    Adam Smith

    (b)

    J M Keynes

    (c)

    Ragnar Frisch

    (d)

    Karl Marx

  2. The country following Capitalism is ________________

    (a)

    Russia

    (b)

    America

    (c)

    India

    (d)

    China

  3. National income is measured by using_______ methods.

    (a)

    Two

    (b)

    Three

    (c)

    Five

    (d)

    Four

  4. In disguised unemployment, the marginal productivity of labour is _________

    (a)

    Zero

    (b)

    One

    (c)

    Two

    (d)

    Positive

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

    (a)

    Rs.0.8

    (b)

    Rs.800

    (c)

    Rs.810

    (d)

    Rs.0.9

  6. According to Keynes, investment is a function of the MEC and _________

    (a)

    Demand

    (b)

    Supply

    (c)

    Income

    (d)

    Rate of interest

  7. Inflation means

    (a)

    Prices are rising

    (b)

    Prices are falling

    (c)

    Value of money is increasing

    (d)

    Prices are remaining the same

  8. A Bank is a

    (a)

    Financial institution

    (b)

    Corporate

    (c)

    An Industry

    (d)

    Service institutions

  9. Exchange rates are determined in

    (a)

    money market

    (b)

    foreign exchange market

    (c)

    stock market

    (d)

    capital market

  10. _______ relates to patents, copyrights, trade secrets, etc.,

    (a)

    TRIPS

    (b)

    TRIMS

    (c)

    GATS

    (d)

    NAMA

  11. The modern state is

    (a)

    Laissez-faire state

    (b)

    Aristocratic state

    (c)

    Welfare state

    (d)

    Police state

  12. Ecosystem is smallest unit of

    (a)

    Ionosphere

    (b)

    Lithosphere

    (c)

    Biosphere

    (d)

    Mesosphere

  13. Environmental goods are ____________

    (a)

    Market goods

    (b)

    Non-market goods

    (c)

    Both

    (d)

    None ofthe above

  14. Electronic waste is commonly referred as _______

    (a)

    solid waste

    (b)

    composite waste

    (c)

    e-waste

    (d)

    hospital waste

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

    (a)

    Indus-Ganga

    (b)

    North-Indian

    (c)

    Gangetic plains

    (d)

    All the above

  16. M.N. Roy was associated with_______

    (a)

    Congress Plan

    (b)

    People's Plan

    (c)

    Bombay Plan

    (d)

    None of the above

  17. Planning Commission was set up in the year ________

    (a)

    1950

    (b)

    1951

    (c)

    1947

    (d)

    1948

  18. The word 'statistics' is used as _______

    (a)

    Singular.

    (b)

    Plural

    (c)

    Singular and Plural.

    (d)

    None of above

  19. The term regression was used by:

    (a)

    Newton

    (b)

    Pearson

    (c)

    Spearman

    (d)

    Galton

  20. The raw materials of Econometrics are:

    (a)

    Data

    (b)

    Goods

    (c)

    Statistics

    (d)

    Mathematics

  21. 7 x 2 = 14
  22. Define ‘Economic Model"

  23. What is the difference between NNP and NDP?

  24. List out the assumptions of Say’s law.

  25. Define Multiplier.

  26. Define Central bank.

  27. State any two merits of trade.

  28. What is public revenue?

  29. 7 x 3 = 21
  30. Differentiate between personal and disposable income.

  31. Explain disinflation

  32. What are import quotas?

  33. What is primary deficit?

  34. State the meaning of e-waste.

  35. Distinguish between functional and structural planning.

  36. Differentiate the economic model with econometric model.

  37. 7 x 5 = 35
  38. Explain the importance of national income

  39. Describe the types of unemployment

  40. Explain the functions of money

  41. Discuss the Modern Theory of International Trade.

  42. Explain the objectives of IMF.

  43. Explain the concepts of externality and its classification

  44. Describe the application of Econometrics in Economics.

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

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Standard Economics - Term II Model Question Paper

Write your Comment