### Tamilnadu Board Economics Question papers for 12th Standard (English Medium) Question paper & Study Materials

#### 12th Standard English Medium Economics Reduced Syllabus Annual Exam Model Question Paper with Answer key - 2021 - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Indicate the contribution of J M Keynes to economics

• 2)

How many models of circular flow of economy are there?

• 3)

Which is a flow concept ?

• 4)

According to the year 2001, Indian per capita income is _________ dollar.

• 5)

In disguised unemployment, the marginal productivity of labour is _________

#### 12th Standard English Medium Economics Reduced syllabus Annual Exam Model Question Paper - 2021 - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

The country following Capitalism is ________________

• 2)

Identify which is not an example of capitalistic economy.

• 3)

The average income of the country is________

• 4)

_________ Income is the buying power of nominal income.

• 5)

J.B. Say is a ___________

#### 12th Standard English Medium Economics Reduced Syllabus Public Exam Model Question Paper with Answer key - 2021 - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

The country following Capitalism is ________________

• 2)

What supports the production and consumption activities?

• 3)

Expenditure method is used to estimate national income in_______

• 4)

______ income is never equal to the national income.

• 5)

#### 12th Standard English Medium Economics Reduced Syllabus Public Exam Model Question Paper - 2021 - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Economic system representing equality in distribution is _________.

• 2)

Which of the following statements regarding the circular-flow diagram is true?

• 3)

The largest proportion of national income comes from___________

• 4)

__________ employ factors of production to produce the goods and services.

• 5)

Structural unemployment is a feature in a _____________

#### 12th Standard English Medium Economics Reduced Syllabus Creative Five Mark Question with Answerkey - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Explain the merits of Mixed Economy.

• 2)

Discuss the features of Capitalist economy

• 3)

Discuss the method measuring the National Income by Income Method.

• 4)

Explain the basic concepts of national income.

• 5)

Discuss the concept of “Factor Cost”.

#### 12th Standard English Medium Economics Reduced Syllabus Creative Three Mark Question with Answerkey - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Draw the Circular flow of income in a three sector economy.

• 2)

Explain any three features of Capitalistic Economy.

• 3)

Indicate the demerits of Mixed Economy.

• 4)

Explain are the Demerits of Capitalism

• 5)

What are the difficulties in measuring National Income?

#### 12th Standard English Medium Economics Reduced Syllabus Creative Two Mark Question with Answerkey - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

What is Mixed Economy?

• 2)

Write down the countries that have capitalistic, economy.

• 3)

Write the equation for Four-sector economy.

• 4)

What is Globalisation?

• 5)

Mention any two limitations of macroeconomics

#### 12th Standard English Medium Economics Reduced Syllabus Creative one Mark Question with Answerkey - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Planned economy is also known as _________.

• 2)

Example for Mixed Economy ________.

• 3)

Combination of both capitalism and socialism ________.

• 4)

_________ sector sells the entire output to house holds.

• 5)

Identify the economic system where only public ownership of production exists.

#### 12th Standard English Medium Economics Syllabus Five Mark Important Questions with Answer key - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Illustrate the functioning of an economy based on its activities

• 2)

Compare the feature among Capitalism, Secularism and Mixedism

• 3)

Explain the importance of national income

• 4)

Discuss the importance of social accounting in economic analysis

• 5)

Explain Keynes psychological law of consumption f.unction with diagram.

#### 12th Standard English Medium Economics Reduced Syllabus Five Mark Important Questions - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Illustrate the functioning of an economy based on its activities

• 2)

Compare the features of capitalism and socialism

• 3)

Discuss the various methods of estimating the national income of a country

• 4)

Discuss the importance of social accounting in economic analysis

• 5)

Critically explain Say’s law of market

#### 12th Standard English Medium Economics Syllabus Three Mark Important Questions with Answer key - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

State the importance of Macro Economics

• 2)

Indicate the demerits of socialism

• 3)

What is the solution to the problem of double counting in the estimation of national
income?

• 4)

List out the uses of national income

• 5)

Compare and contrast different measures of GDP calculations

#### 12th Standard English Medium Economics Reduced Syllabus Three Mark Important Questions - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

Describe the different types of economic systems.

• 2)

Outline the major merits of capitalism.

• 3)

Distinguish between Capitalism and Globalism.

• 4)

Differentiate between personal and disposable income.

• 5)

Explain briefly NNP at factor cost.

#### 12th Standard English Medium Economics Reduced Syllabus One Mark Important Questions with Answer key - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Identify The Father of Socialism

• 3)

A steady fall in general price level is termed as ___________.

• 4)

Planning is an integral part of a Capitalist economy.
In socialist system, all decisions are undertaken by the central planning authority

• 5)

Assertion (A) :National plans are drawn up by the Government and both private and public sectors abide.
Reason (R) :The central planning authority prepares the economic plans

#### 12th Standard English Medium Economics Reduced Syllabus One Mark Important Questions - 2021(Public Exam ) - by Mani - Pollachi - Mar 01, 2021 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Quantity of a commodity accumulated at a point of time is termed as ____________..

• 3)

Planned economy is also known as _________.

• 4)

Absence of Price Mechanism is a characteristic feature of the ___________.

• 5)

#### 12th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Identify the necessity of Economic policies

• 2)

Expenditure method is used to estimate national income in_______

• 3)

According to classical theory, rate of interest is a reward for __________

• 4)

The multiplier tells us how much __________ changes after a shift in _____

• 5)

V in MV = PT equation stands for

#### 12th Standard Economics English Medium Free Online Test Book Back One Mark Questions - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Net National product at factor cost is also known as

• 3)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 4)

The average propensity to consume is measured by

• 5)

The RBI Headquarters is located at

#### 12th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Who coined the word ‘Macro’?

• 2)

Primary sector is ________

• 3)

Structural unemployment is a feature in a _____________

• 4)

When investment is assumed autonomous the slope of the AD schedule is determined by the______

• 5)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

#### 12th Standard Economics English Medium Free Online Test Book Back One Mark Questions - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Identify the necessity of Economic policies

• 2)

Expenditure method is used to estimate national income in_______

• 3)

_________ Flexibility brings equality between saving and investment

• 4)

The MPC is equal to :

• 5)

Inflation means

#### 12th Standard Economics English Medium Free Online Test Book Back One Mark Questions - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Expenditure method is used to estimate national income in_______

• 3)

Keynes attributes unemployment to__________

• 4)

Lower interest rates are likely to :

• 5)

__________inflation results in a serious depreciation of the value of money.

#### 12th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Income method is measured by summing up of all forms of__________

• 3)

The value of NNP at production point is called_________

• 4)

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

• 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?

#### 12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Planned economy is also known as _________.

• 2)

National Income provides a comprehensive measure of _________ activities of a nation.

• 3)

_________ provides the social goods like public health and education etc.

• 4)

Say's law of market is the core of the __________ theory of employment.

• 5)

In the classical theory, one of the following is an important assumption

#### 12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Inflation refers to steady ________ in general price level.

• 2)

Secondary sector is __________

• 3)

Sum of all kinds of income received by the individuals from all sources is called________

• 4)

Investment is the addition to real ___________

• 5)

As income decreases, consumption will ____________

#### 12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

What is considered as the heart of any capitalistic economy?

• 2)

The value of net national product will be more than the value of net domestic product, if ________.

• 3)

Which one of the following is not a macro economic variables

• 4)

Keynesian theory is based on _____________ equilibrium.

• 5)

The Great Depression of 1930s was also caused by a _______________

#### 12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Assertion (A): Consumption is influenced by demonstration effect.
The consumption standards of low income groups are influenced by the consumption standards of high income groups.

• 2)

Money is the most liquid form of______

• 3)

ATM's transformed the bank tech systemjwhen they were first introduced in_________

• 4)

Which of the following is not a scheme of Electronic Banking?

• 5)

Assertion (A): Banks issue traveler’s cheques to individuals for traveling outside the country.
Reason (R): Traveler’s cheques are the safe and easy way to protect money while traveling.

#### 12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

After a period of depression ______ sets in.

• 2)

Generally, the nature of indirect tax is ……………

• 3)

Increasing temperature in the atmosphere leads to Global Warming.

• 4)

Find the missing agent of economy.

• 5)

#### 12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Non-interference of the state is a characteristic features of the ___________.

• 2)

Which of the following is a basic characteristic of Capitalism?

• 3)

Assertion (A) :National Income is considered as an indicator of the economic wellbeing of a country.
Reason (R) :The economic progress of countries is measured in terms of their GDP per capita and their annual growth rate

• 4)

J.M. Keynes was born in _____________

• 5)

In classical theory of employment, there is the possibility of:

#### 12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - Part Four - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The government has a limited role in a capitalistic economy
The government provides basic servicessuch as, defense, public health, education, etc.

• 2)

_________ provides the social goods like public health and education etc.

• 3)

Say's law of market is the core of the __________ theory of employment.

• 4)

Formula for calculating Multiplier

• 5)

In India, currency notes are issued by the_______

#### 12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Identify the stock variable.

• 2)

The simple circular flow model shows that:

• 3)

________refers to saving an investment activities?

• 4)

______________ returns takes place as more workers are employed.

• 5)

Which of the following was not a classical economist?

#### 12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - Part Five - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

_______ are excluded from national income.

• 2)

Which of the following is not an obstacle to full employment in classical theory?

• 3)

The ratio of consumption expenditure to any particular level of income is called as..?

• 4)

Match the correct codes

 1 The motive of enterprise i desire to do forward trading 2 The motive of pride ii desire to bequeath a fortune 3 The motive of avarice iii purely miserly instinct 4 The motive of financial independence iv Economic Freedom
• 5)

Assertion (A): When the disposable income of the people decreases, it raises their demand for goods and services.
Reason (R): Disposable income may increase with the rise in national income or reduction in taxes or reduction in the saving of the people.

#### 12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Five - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Match the correct codes

 1 Y = C + I i Don’t exist 2 Y = C + I + G ii Two Sector 3 Y = C + I + G + (X – M) iii Three Sector 4 Y = C iv Four Sector
• 2)

Great care is required to calculate ____________.

• 3)

Based on Keynesianism __________ is vice.

• 4)

The simple accelerated model was made by J.M. Clark in __________

• 5)

Assertion (A): The progressive tax system increases the propensity to consume of the people by altering the income distribution in favour of poor.
Reason (R): When government reduces the tax the disposable income rises and the propensity to consume of community increases.

#### 12th Standard Economics Introduction to Macro Economics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

A steady increase in general price level is termed as_____________.

• 3)

Indicate the fundamental economic activities of an economy

• 4)

Identify the economic system where only private ownership of production exists

• 5)

Who is referred as ‘Father of Capitalism’?

#### 12th Standard Economics Introduction to Macro Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Who coined the word ‘Macro’?

• 2)

Economic system representing equality in distribution is _________.

• 3)

The country following Capitalism is ________________

• 4)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 5)

Identify the flow variable

#### 12th Standard Economics National Income English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Primary sector is ________

• 2)

Expenditure method is used to estimate national income in_______

• 3)

National income is a measure of the__________ performance of an economy

• 4)

__________ is deducted from gross value to get the net value

• 5)

The average income of the country is________

#### 12th Standard Economics National Income English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Net National product at factor cost is also known as

• 2)

National income is measured by using_______ methods.

• 3)

Per capita income is obtained by dividing the National income by__________

• 4)

NNP stands for___________

• 5)

The value of NNP at production point is called_________

#### 12th Standard Economics Monetary Economics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The RBI Headquarters is located at

• 2)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 3)

_________is a decrease in the rate of inflation.

• 4)

The study of alternating fluctuations in business activity is referred to in Economics as

• 5)

Fisher’s Quantity Theory of money is based on the essential function of money as

#### 12th Standard Economics Theories of Employment and Income English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 2)

The basic concept used in Keynes Theory of Employment and Income is__________

• 3)

Keynes theory emphasized on________ equilibrium

• 4)

Every able bodied person who is willing to work at the prevailing wage rate but not employed is called _____________

• 5)

Rate of interest is a stock

#### 12th Standard Economics Theories of Employment and Income English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Keynes attributes unemployment to__________

• 2)

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

• 3)

The component of aggregate demand is__________

• 4)

Keynes theory pursues to replace laissez faire by ___________

• 5)

Say’s law stressed the operation of________ in the economy

#### 12th Standard Economics Consumption and Investment Functions English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

If the Keynesian consumption function is C=10+0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?

• 2)

The sum of the MPC and MPS is___________

• 3)

When investment is assumed autonomous the slope of the AD schedule is determined by the______

• 4)

The multiplier is calculated as

• 5)

In an open economy import _________ the value of the multiplier

#### 12th Standard Economics Consumption and Investment Functions English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

An increase in the marginal propensity to consume will:

• 2)

Lower interest rates are likely to :

• 3)

As income increases, consumption will______

• 4)

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

• 5)

The marginal propensity save _________________

#### 12th Standard Economics Monetary Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

MV stands for

• 2)

__________inflation results in a serious depreciation of the value of money.

• 3)

Stagflation combines the rate of inflation with

• 4)

During depression the level of economic activity becomes extremely

• 5)

V in MV = PT equation stands for

#### 12th Standard Economics Banking English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

A Bank is a

• 2)

Central bank is_____ authority of any country.

• 3)

Repo Rate means.

• 4)

ARDC started functioning from

• 5)

Expansions of ATM

#### 12th Standard Economics Banking English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

A Commercial Bank is an institutions that provides services

• 2)

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

• 3)

Bank Rate means.

• 4)

Moral suasion refers.

• 5)

NABARD was set up in

#### 12th Standard Economics International Economics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

• 2)

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

• 3)

BOP includes

• 4)

Foreign direct investments not permitted in India

• 5)

Comparative cost advantages was developed by

#### 12th Standard Economics International Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Terms of Trade of a country show __________.

• 2)

Components of balance of payments of a country includes

• 3)

Benefits ofFDI include, theoretically

• 4)

Absolute Cost Advantage was developed by

• 5)

#### 12th Standard Economics International Economic Organisations English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

International Monetary Fund was an outcome of

• 2)

The first ministerial meeting ofWTO was held at

• 3)

Which of the following is not the member of SAARC?

• 4)

New Development Bank is associated with

• 5)

SAARC Agricultural Information Centre (SAle) works as a central information institution for agriculture related resources was founded on

#### 12th Standard Economics Fiscal Economics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The modern state is

• 2)

The direct tax has the following merits except

• 3)

Which of the following is not a tax under Union list?

• 4)

The difference between revenue expenditure and revenue receipts is

• 5)

The primary purpose of deficit financing is

#### 12th Standard Economics International Economic Organisations English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

International Monetary Fund was an outcome of

• 2)

International Development Association is an affiliate of

• 3)

The first ministerial meeting ofWTO was held at

• 4)

Which of the following is not the member of SAARC?

• 5)

The term BRIC was coined in

#### 12th Standard Economics Fiscal Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

One of the following is NOT a feature of private finance

• 2)

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

• 3)

Deficit Budget means

• 4)

Conversion of public debt means exchange of

• 5)

Consider the following statements and identify the right ones.
(i) The finance commission is appointed by the President
(ii) The tenure of Finance commission is five years

#### 12th Standard Economics Environmental Economics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The term environment has been derived from a French word _________

• 2)

Which of the following is responsible for protecting humans from harmful ultraviolet rays?

• 3)

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

• 4)

Sustainable Development Goals and targets are to be achieved by ____________

• 5)

"What goes in must come out" This is known as

#### 12th Standard Economics Environmental Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The common source of outdoor air pollution is caused by combustion processes from the following ______________

• 2)

Which one of the following causes of global warming?

• 3)

Which of the following is main cause for deforestation?

• 4)

Alkali soils are predominantly located in the _______ plains?

• 5)

Ground water contamination occurs when man made products such as

#### 12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

"Redistribution with Growth" became popular slogan under which approach?

• 2)

Which of the following plan has focused on the agriculture and rural economy

• 3)

M.N. Roy was associated with_______

• 4)

Perspective plan is also known as______

• 5)

Expansion of NITI Aayog

#### 12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Which is not the feature of economic growth?

• 2)

Which of the following country adopts indicative planning?

• 3)

Long-term plan is also known as_______

• 4)

Who wrote the book 'The Road to Serfdom'?

• 5)

NITI Aayog is formed through_______

#### 12th Standard Economics Introduction to Statistical Methods and Econometrics English Medium Free Online Test One Mark Questions 2020 - 2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The word 'statistics' is used as _______

• 2)

If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:

• 3)

The term regression was used by:

• 4)

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

• 5)

In the regression equation $Y={ \beta }_{ \alpha }+{ \beta }_{ 1 }{ X }_{ , }$the Y is called:

#### 12th Standard Economics Introduction to Statistical Methods and Econometrics English Medium Free Online Test 1Mark Questions with Answer Key 2020-2021 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

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

• 2)

The purpose of simple linear regression analysis is to:

• 3)

If Y = 2 - O.2X, then the value of Y intercept is equal to

• 4)

Econometric is the word coined by

• 5)

Econometrics is the amalgamation of

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

_________ sector sells the entire output to house holds.

• 2)

Pick basic composition of three sector of model of economy

• 3)

The core of the classical theory of employment is____________

• 4)

The relationship between total spending on consumption and the total income is the_________

• 5)

The Functions of commercial banks are broadly classified into

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Who is referred as ‘Father of Capitalism’?

• 2)

GNP = _________ + Net factor income from abroad

• 3)

In an open economy import _________ the value of the multiplier

• 4)

Which of the following is Keynesian saving function?

• 5)

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

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

In classical system which of the following keeps the economy at full employment

• 2)

Assertion (A): J.B. Say propounded the fundamental Psychological Law of Consumption which forms the basis of the consumption function.
Reason (R): The law implies that there is a tendency on the part of the people to spend on consumption less than the full increment of income.

• 3)

Fisher’s Equation of quantity theory states that:

• 4)

_____ was introduced by Sher Shah Suri based on a ratio of 40 copper pieces (paisa) per rupee.

• 5)

The modern theory explains the phenomenon of international trade on the basis of ___________.

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Two - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Identify the other name for Macro Economics

• 2)

Find the incorrect match

• 3)

GNP = _________ + Net factor income from abroad

• 4)

In case of transfer payments of nation income, expenditures towards payment incurred by the government like old age pension…………..?

• 5)

Keynes attributes unemployment to__________

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

PQLI is the indicator of_____________

• 2)

NNP = ___________ - Depreciation.

• 3)

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

• 4)

As increase in consumption at any given level of income is likely to lead

• 5)

Inflation means

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Three - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

________ is a combination of both capitalism and socialism.

• 2)

Inventories of finished and unfinished goods are called _________.

• 3)

In the classical model:

• 4)

As increase in consumption at any given level of income is likely to lead

• 5)

During depression the level of economic activity becomes extremely

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Four - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Combination of both capitalism and socialism ________.

• 2)

_______used in economic analysis are classified as stock and flow

• 3)

National income is a measure of the__________ performance of an economy

• 4)

The component of aggregate demand is__________

• 5)

Which of the following is main cause for deforestation?

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Four - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Quantity of a commodity accumulated at a point of time is termed as ____________..

• 2)

Identify which is not an example of capitalistic economy.

• 3)

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

• 4)

The Functions of commercial banks are broadly classified into

• 5)

Exchange rates are determined in

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Five - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Income method is measured by summing up of all forms of__________

• 3)

Disposable income = ___________.

• 4)

Keynes theory pursues to replace laissez faire by ___________

• 5)

The multiplier tells us how much __________ changes after a shift in _____

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Five - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Indicate the fundamental economic activities of an economy

• 3)

Identify The Father of Socialism

• 4)

Micro means __________.

• 5)

The simple circular flow model shows that:

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Six - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

The country following Capitalism is ________________

• 2)

What is considered as the heart of any capitalistic economy?

• 3)

Match the correct codes

 1 Govt. Internal Regulation only i Capitalism 2 Complete Involvement of Gov.t ii Socialism 3 Limited Role of Government iii Mixed Economy 4 Government Enterprise Naure iv Capitalist Economy
• 4)

National income is a measure of the__________ performance of an economy

• 5)

GNP at Market prices = GDP at Market Price+ __________.

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Six - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Non-interference of the state is a characteristic features of the ___________.

• 2)

How many models of circular flow of economy are there?

• 3)

GDP indicates productive capacity for an ______.

• 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)
• 5)

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

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Seven - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Tertiary sector is also called as __________sector

• 2)

The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as___________

• 3)

J.B. Say is a ___________

• 4)

Assertion (A) :In developing countries like India, the nature of unemployment is different from that of developed countries.
Reason (R) :In developed countries, the unemployment is purely temporary or cyclical or frictional

• 5)

The MPC is equal to :

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Seven - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Indicate the fundamental economic activities of an economy

• 2)

Assertion (A) :The means of production in a capitalistic economy are publicly owned.
Reason (R) :Manufacturers produce goods and services with profit motive

• 3)

Assertion (A) :Personal income is the total income received by the individuals of a country from all sources before payment of direct taxes in a year.
Reason (R) :Personal income is never equal to the national income, because the former includes the transfer payments whereas they are not included in national income

• 4)

The basic concept used in Keynes Theory of Employment and Income is__________

• 5)

Match the correct codes

 1 J.B. Say’s Market Law i A person receives his income from production which is spent on the purchase of goods and services produced by others 2 Keynes theory of employment ii Denotes money actually spent by the people on products of industry 3 Market Law Meaning iii Effective demand signifies the money spent on consumption of goods and services and on investment 4 Effective demand iv Supply creates its own demand

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Eight - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Macro means ________.

• 2)

Identify which is not a part of classification of economy based on Level of National Income

• 3)

Find the missing flow from households to government in the diagram

• 4)

Unlike a market economy, a command economy uses

• 5)

In the context of Labour income, which of the following is wrong?

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Eight - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Socialist Economy promote  __________.

• 2)

How many models of circular flow of economy are there?

• 3)

Which of the following could not be considered a major economic system?

• 4)

The average income of the country is________

• 5)

_________ Income is the buying power of nominal income.

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Nine - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

What is the term coined by Manfred D Steger (2002) to denote the new market ideology of globalisation that connects nations together through internationa trade and aiming at global development?

• 2)

Assertion (A) :Each individual and organization produce only those goods which ensure high profit.
Reason (R) :Profit is the driving force behind all economic activities in a capitalistic economy

• 3)

Per capita income is obtained by dividing the National income by__________

• 4)

Inventories of finished and unfinished goods are called _________.

• 5)

In _______ method, themeasuresof GDP are calculated by adding all the expenditures made in the economy.

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Nine - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Indicate the contribution of J M Keynes to economics

• 2)

Assertion (A) :In a mixed economy, all the resources are owned and operated by the government.
Reason (R) :Public welfare is the mainmotive behind all economic activities in mixed economy

• 3)

The value of national income adjusted for inflation is called_________

• 4)

GDP Deflator is also called as:

• 5)

Keynes theory emphasized on________ equilibrium

#### 12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Ten - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Which of the following is a limitation of the simple circular flow model?

• 2)

GDP= ___________

• 3)

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.

• 4)

Who was first developed the concept of multiplier?

• 5)

Assertion (A) A country can gain from trade when it produces at relatively lower costs.
Reason (R) When a country enjoys absolute advantage in both goods, the country would specialize in the production and export of those goods which are relatively more advantageous

#### 12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Ten - by Mani - Pollachi - Nov 06, 2020 - View & Read

• 1)

Identify which is not an example of capitalistic economy.

• 2)

Which is a flow concept ?

• 3)

In case of transfer payments of nation income, expenditures towards payment incurred by the government like old age pension…………..?

• 4)

Online Banking is also known as.

• 5)

The Tenth BRICS Summit was held in July 2018 at

#### 12th Standard Economics English Medium Model 5 Mark Creative Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Explain the merits of Mixed Economy.

• 2)

Discuss the method measuring the National Income by Income Method.

• 3)

Comparison of Classicism and Keynesianism

• 4)

What are the determinants of investment function?

• 5)

Explain the Secondary Functions.

#### 12th Standard Economics English Medium Model 5 Mark Book Back Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Compare the feature among Capitalism, Secularism and Mixedism

• 2)

Describe the types of unemployment

• 3)

Briefly explain the subjective and objective factors of consumption function?

• 4)

Explain the functions of money

• 5)

Describe the functions of Reserve Bank of India.

#### 12th Standard Economics English Medium Sample 5 Mark Creative Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Explain the Demerits of capitalism.

• 2)

Discuss the concept of “Factor Cost”.

• 3)

Draw the diagram for Aggregate supply curves diagram.

• 4)

Explain consumption function with the help of diagram.

• 5)

Explain the supply of Money and determinants of money supply in India.

#### 12th Standard Economics English Medium Sample 5 Mark Book Back Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Compare the features of capitalism and socialism

• 2)

Discuss the importance of social accounting in economic analysis

• 3)

Explain Keynes psychological law of consumption f.unction with diagram.

• 4)

Illustrate Fisher’s Quantity theory of money.

• 5)

Elucidate the functions of Commercial Banks

#### 12th Standard Economics English Medium Important 5 Mark Creative Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Explain the four sector circular flow model.

• 2)

Discuss the Iimitations of National Income as an index of economic welfare.

• 3)

List out all assumption of say's law of market?

• 4)

Explain Marginal propensity to consume and multiplier, with the help of a diagram.

• 5)

Compare and contrast inflation and deflation.

#### 12th Standard Economics English Medium Important 5 Mark Book Back Questions (New Syllabus 2020) - by Mani - Pollachi - Sep 30, 2020 - View & Read

• 1)

Discuss the scope of Macro Economics

• 2)

Discuss the various methods of estimating the national income of a country

• 3)

Narrate the equilibrium between ADF and ASF with diagram

• 4)

Explain the operation of the Accelerator

• 5)

Describe the phases of Trade cycle.

#### 12th Standard Economics English Medium Model 3 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

What are the demerits of mixed economy?

• 2)

Draw the flow chart of Functioning of an Economy Based on Activities

• 3)

What is Per capita income?

• 4)

What is Output method? What is its major challenge?

• 5)

Explain how it might be possible for the unemployment rate to decline even though the number of unemployed is growing

#### 12th Standard Economics English Medium Model 3 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

Enumerate the features of mixed economy

• 2)

Write briefly about national income and welfare

• 3)

What do you mean by aggregate demand ? Mention its components

• 4)

Mention the differences between accelerator and multiplier effect

• 5)

State Cambridge equations of value of money.

#### 12th Standard Economics English Medium Sample 3 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

Bring out the functions of an economy with the help of flow chart.

• 2)

Indicate the demerits of Mixed Economy.

• 3)

What are the five types of final goods and services that GNP includes?

• 4)

How the gross value of the farm output is obtained In India?

• 5)

What are the components of aggregate supply?

#### 12th Standard Economics English Medium Sample 3 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

Outline the major merits of capitalism.

• 2)

Write a short note on per capita income

• 3)

Write short note on the implications of Say’s law.

• 4)

Differentiate autonomous and induced investment.

• 5)

What are the determinants of money supply?

#### 12th Standard Economics English Medium Important 3 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

Draw the Circular flow of income in a three sector economy.

• 2)

Write the basis how Economies can be classified into different types

• 3)

Write down the some of the statistical problems?

• 4)

How the gross value of the farm output is obtained In India?

• 5)

Write a short note on effective demand?

#### 12th Standard Economics English Medium Important 3 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Sep 01, 2020 - View & Read

• 1)

Enumerate the features of mixed economy

• 2)

Differentiate between personal and disposable income.

• 3)

What do you mean by aggregate demand ? Mention its components

• 4)

Differentiate autonomous and induced investment.

• 5)

Write the types of inflation

#### 12th Standard Economics English Medium Model 2 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

Write any three merits of capitalism.

• 2)

Write a short note on firm sector of circular flow of national income.

• 3)

Write a short note on Capital Gains.

• 4)

Mention the factors included in PQLI

• 5)

Write the formula for aggregate supply?

#### 12th Standard Economics English Medium Model 2 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

What do you mean by Capitalism?

• 2)

Give reasons for labour retrenchment at present situation

• 3)

Define average propensity to save (APS).

• 4)

What is barter?

• 5)

What is rationing of credit?

#### 12th Standard Economics English Medium Sample 2 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

Write any three merits of capitalism.

• 2)

What are flow variables?

• 3)

What do you mean by Real Income?

• 4)

Mention the examples of factor costs

• 5)

What is the features of GDPMP?

#### 12th Standard Economics English Medium Sample 2 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

What is meant by an ‘Economy’?

• 2)

Give reasons for labour retrenchment at present situation

• 3)

What do you mean by propensity to save?

• 4)

What is gold standard?

• 5)

Distinguish between CRR and SLR

#### 12th Standard Economics English Medium Important 2 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

What is Mixed Economy?

• 2)

Mention any two limitations of macroeconomics

• 3)

Write a short note on Capital Gains.

• 4)

What are capital gains?

• 5)

Write a short note on Seasonal Unemployment

#### 12th Standard Economics English Medium Important 2 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 31, 2020 - View & Read

• 1)

What is meant by an ‘Economy’?

• 2)

List out the assumptions of Say’s law.

• 3)

Define Marginal Propensity to Save (MPS).

• 4)

What is plastic money? Give example.

• 5)

What is rationing of credit?

#### 12th Standard Economics English Medium Model 1 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

Socialist Economy promote  __________.

• 2)

Identify which is not a part of classification of economy based on Status of Development

• 3)

Planning is an integral part of a Capitalist economy.
In socialist system, all decisions are undertaken by the central planning authority

• 4)

The interaction of individuals and firms in a market can be described as a_______ of money, goods and services and resources through product and factor markets.

• 5)

Percapita Income =

#### 12th Standard Economics English Medium Model 1 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

Identify the necessity of Economic policies

• 2)

National income is a measure of the__________ performance of an economy

• 3)

The financial year in India is__________

• 4)

The main concention of the Classical Economic Theory is____________

• 5)

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

#### 12th Standard Economics English Medium Sample 1 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

Planned economy is also known as _________.

• 2)

How the economy is divided based Nature of Functioning?

• 3)

Planning is an integral part of a Capitalist economy.
In socialist system, all decisions are undertaken by the central planning authority

• 4)

Assertion (A) :Economic System refers to the manner in which individuals and institutions are connected together to carry out economic activities in a particular area.
Reason (R) :It is the methodology of doing economic activities to meet the needs of the society.

• 5)

With what kinds of topics does macroeconomics concern itself?

#### 12th Standard Economics English Medium Sample 1 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 3)

Expenditure method is used to estimate national income in_______

• 4)

The value of national income adjusted for inflation is called_________

• 5)

The main concention of the Classical Economic Theory is____________

#### 12th Standard Economics English Medium Important 1 Mark Creative Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

Micro means __________.

• 2)

From the households sectors receives the income?

• 3)

Which of the following statements regarding the circular-flow diagram is true?

• 4)

Formula for calculating NNP at factor cost.

• 5)

__________ Framework is useful for economists as well as policy makers.

#### 12th Standard Economics English Medium Important 1 Mark Book Back Questions (New Syllabus) 2020 - by Mani - Pollachi - Aug 26, 2020 - View & Read

• 1)

Who is regarded as Father of Modern Macro Economics

• 2)

National income is measured by using_______ methods.

• 3)

The main concention of the Classical Economic Theory is____________

• 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?

• 5)

MV stands for

#### THE TVS SCHOOL, MADURAI - ONE MARK TEST - by STEPHEN - Apr 07, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Who coined the word ‘Macro’?

• 3)

Who is regarded as Father of Modern Macro Economics

• 4)

Identify the other name for Macro Economics

• 5)

Macro economics is a study of_________

#### 12th Standard Economics full portion important one mark Questions - 2020 - by Mani - Pollachi - Mar 20, 2020 - View & Read

• 1)

Identify the other name for Macro Economics

• 2)

Indicate the fundamental economic activities of an economy

• 3)

Pick basic composition of two sector of model of economy

• 4)

Given the chart, find the missing system of economy

• 5)

Net National product at factor cost is also known as

#### 12th standard Economics English Medium All Chapter Book Back and Creative One Mark Questions 2020 - by Mani - Pollachi - Mar 09, 2020 - View & Read

• 1)

Identify the other name for Macro Economics

• 2)

The Circular Flow Model that represents an open Economy

• 3)

The right to property exists largely in _______.

• 4)

Match the correct codes

 1 Wages, dividends, interest, profits and rent - i Towards Government 2 Purchases of goods and Service - ii Towards `households 3 Taxes - iii Towards firm 4 Social Transfer - iv Towards house hold
• 5)

Expenditure method is used to estimate national income in_______

#### 12th standard Economics English Medium All Chapter Book Back and Creative Two Mark Questions 2020 - by Mani - Pollachi - Mar 09, 2020 - View & Read

• 1)

What is meant by an ‘Economy’?

• 2)

Define ‘Economic Model"

• 3)

What do you mean by Socialism?

• 4)

What is Globalisation?

• 5)

Define National Income.

#### 12th standard Economics English Medium All Chapter Book Back and Creative Five Mark Questions 2020 - by Mani - Pollachi - Mar 09, 2020 - View & Read

• 1)

Discuss the scope of Macro Economics

• 2)

Compare the feature among Capitalism, Secularism and Mixedism

• 3)

Explain the merits of socialism.

• 4)

Explain the Demerits of capitalism.

• 5)

Explain the importance of national income

#### 12th standard Economics English Medium All Chapter Book Back and Creative Three Mark Questions 2020 - by Mani - Pollachi - Mar 09, 2020 - View & Read

• 1)

Outline the major merits of capitalism.

• 2)

Distinguish between Capitalism and Globalism.

• 3)

Describe the three models of circular flow of income.

• 4)

Explain are the Demerits of Capitalism

• 5)

Give short note on Expenditure method

#### 12th Standard Economics public model Question paper I - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Identify the flow variable

• 2)

Which of the following is not a macroeconomic goal?

• 3)

Tertiary sector is also called as __________sector

• 4)

Secondary sector is __________

• 5)

Aggregate supply is equal to___________

#### 12th Standard Economics public model Question paper- II - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

The Circular Flow Model that represents an open Economy

• 2)

Match the correct codes

 1 Govt. Internal Regulation only i Capitalism 2 Complete Involvement of Gov.t ii Socialism 3 Limited Role of Government iii Mixed Economy 4 Government Enterprise Naure iv Capitalist Economy
• 3)

GNP = _________ + Net factor income from abroad

• 4)

_________ Income is the buying power of nominal income.

• 5)

The core of the classical theory of employment is____________

#### 12th Standard Economics public model Question paper III - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 2)

Inflation refers to steady ________ in general price level.

• 3)

Per capita income is obtained by dividing the National income by__________

• 4)

GDP= _________.

• 5)

J.B. Say is a ___________

#### 12th Standard Economics public model Question paper IV - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

In addition to household and firms, inclusion of the government sector make this model a ________ model.

• 3)

The largest proportion of national income comes from___________

• 4)

(i) Firms, (ii) Households, (iii) Government, (iv) Rest of the world and
(v) Capital sector. are diffe rent elements of ………………?

• 5)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

#### 12th Standard Economics public model Question paper V - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Indicate the fundamental economic activities of an economy

• 2)

Find the odd one out

• 3)

Income method is measured by summing up of all forms of__________

• 4)

GDP Deflator is also called as:

• 5)

Keynes theory emphasized on________ equilibrium

#### 12th Standard Economics public model Questions Paper VI - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Indicate the contribution of J M Keynes to economics

• 2)

Identify which is not a subject matters covered in Macro Economics

• 3)

Which is the largest figure?

• 4)

Great care is required to calculate ____________.

• 5)

Say’s law stressed the operation of________ in the economy

#### 12th Standard Economics public model Questions Paper - VII - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Identify The Father of Socialism

• 2)

Assertion (A) :Each individual and organization produce only those goods which ensure high profit.
Reason (R) :Profit is the driving force behind all economic activities in a capitalistic economy

• 3)

Which is the largest figure?

• 4)

Match the correct codes

 1 GNP i FC + Indirect Taxes - Subsidies 2 X-M ii MP - Indirect Taxes + Subsidies 3 MP iii C + I + G + (X-M) 4 FC iv Net exports
• 5)

_________ Flexibility brings equality between saving and investment

#### 12th Standard Economics public model Questions Paper VIII - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Pick basic composition of three sector of model of economy.

• 3)

Net National product at factor cost is also known as

• 4)

Assertion (A) :Double counting is to be avoided under value added method.
Reason (R) :Any commodity which is either raw material or intermediate good for the final production should not be included.

• 5)

In Keynes theory of employment and income, ___________ is the basic cause of economic depression

#### 12th Standard Economics public model Questions Paper IX - 2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Quantity of a commodity accumulated at a point of time is termed as ____________..

• 2)

With what kinds of topics does macroeconomics concern itself?

• 3)

Expenditure method is used to estimate national income in_______

• 4)

Output = Income = _________

• 5)

In Keynes theory of employment and income, ___________ is the basic cause of economic depression

#### 12th Standard Economics Public Model Question Paper - 2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Macro economics is a study of_________

• 2)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 3)

Identify which is not a part of classification of economy based on Level of National Income

• 4)

Assertion (A) :Each individual and organization produce only those goods which ensure high profit.
Reason (R) :Profit is the driving force behind all economic activities in a capitalistic economy

• 5)

In the circular-flow diagram

#### 12th Standard Economics Important Question-II-2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Who is regarded as Father of Modern Macro Economics

• 2)

An economy consists of

• 3)

The subject Economics is classified into two branches, namely,

• 4)

Identify which is not an example of capitalistic economy.

• 5)

In a free-market economy the allocation of resources is determined by:

#### 12th Standard Important Question All Chapter-II-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Who coined the word ‘Macro’?

• 2)

Identify the flow variable

• 3)

Identify the stock variable.

• 4)

Pick basic composition of two sector of model of economy

• 5)

Assertion (A) :Each individual and organization produce only those goods which ensure high profit.
Reason (R) :Profit is the driving force behind all economic activities in a capitalistic economy

#### 12th Standard Economics All Chapter Bookback and Important Questions-II-2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Who coined the word ‘Macro’?

• 2)

A steady increase in general price level is termed as_____________.

• 3)

Identify the Father of Scientific Socialism.

• 4)

Who defined the following statement for an economy? “A system by which people earn their living.”

• 5)

Which of the following is not a macroeconomic goal?

#### 12th Standard Economics Bookback and Important Questions-II-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Indicate the contribution of J M Keynes to economics

• 2)

Who is referred as ‘Father of Capitalism’?

• 3)

Macro economics is also known as __________.

• 4)

Market forces are _________.

• 5)

Identify which is not an example of capitalistic economy.

#### 12th Standard Economics Important Question-I-2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Who is regarded as Father of Modern Macro Economics

• 2)

The country following Capitalism is ________________

• 3)

Father of socialism _________.

• 4)

Identify the stock variable.

• 5)

The government may impose industrial safety regulations and occupational licensing requirements in which of the following economic systems?

#### 12th Standard Economics Important Question All Chapter Part-I-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Identify the other name for Macro Economics

• 2)

The country following Capitalism is ________________

• 3)

Who defined the following statement for an economy? “A system by which people earn their living.”

• 4)

Pick basic composition of two sector of model of economy

• 5)

Assertion (A) :In a mixed economy, all the resources are owned and operated by the government.
Reason (R) :Public welfare is the mainmotive behind all economic activities in mixed economy

#### 12th standard Economics All Chapter Book back and Creative Question-I-2019-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Macro economics is a study of_________

• 2)

Quantity of a commodity accumulated at a point of time is termed as ____________..

• 3)

Pick basic composition of three sector of model of economy

• 4)

In the circular-flow diagram

• 5)

Match the correct codes

 1 Y = C + I i Don’t exist 2 Y = C + I + G ii Two Sector 3 Y = C + I + G + (X – M) iii Three Sector 4 Y = C iv Four Sector

#### 12th standard Economics Book back and Creative Important Question-I-2020 - by Mani - Pollachi - Feb 12, 2020 - View & Read

• 1)

Identify the flow variable

• 2)

The Circular Flow Model that represents an open Economy

• 3)

Micro means __________.

• 4)

In addition to household and firms, inclusion of the government sector make this model a ________ model.

• 5)

The firm sector generates its ……………… by selling goods and services to the household sector

#### 12th Economics - Introduction to Statistical Methods and Econometrics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

What is Statistics?

• 2)

What are the kinds of Statistics?

• 3)

What do you mean by Inferential Statistics?

• 4)

What are the kinds of data?

• 5)

Define Correlation.

#### 12th Economics - Economics of Development and Planning - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define economic development

• 2)

Mention the indicators of development.

• 3)

Distinguish between economic growth and development

• 4)

What is GNP?

• 5)

Define economic planning

#### 12th Economics - Environmental Economics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

State the meaning of environment.

• 2)

What do you mean by ecosystem?

• 3)

Mention the countries where per capita carbondioxide emission is the highest in the world.

• 4)

What are environmental goods? Give examples

• 5)

What are the remedial measures to control noise pollution?

#### 12th Economics - Fiscal Economics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define public finance.

• 2)

What is public revenue?

• 3)

Differentiate tax and fee.

• 4)

Write a short note on zero based budget.

• 5)

Give two examples for direct tax.

#### 12th Economics - International Economic Organisations - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Write the meaning of Special Drawing rights.

• 2)

Mention any two objectives of ASEAN.

• 3)

Point out any two ways in which IBRD lends to member countries.

• 4)

Define Common Market.

• 5)

#### 12th Economics - International Economics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

What is International Economics?

• 2)

• 3)

State any two merits of trade.

• 4)

What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

• 5)

#### 12th Economics - Banking - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define Commercial banks.

• 2)

What is credit creation?

• 3)

Define Central bank.

• 4)

Distinguish between CRR and SLR

• 5)

Write the meaning of Open market operations

#### 12th Economics - Monetary Economics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define Money

• 2)

What is barter?

• 3)

What is commodity money?

• 4)

What is gold standard?

• 5)

What is plastic money? Give example.

#### 12th Economics - Consumption and Investment Functions - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

What is consumption function?

• 2)

What do you mean by propensity to consume?

• 3)

Define average propensity to consume (APC).

• 4)

Define marginal propensity to consume (MPC).

• 5)

What do you mean by propensity to save?

#### 12th Economics - Theories of Employment and Income - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define full employment.

• 2)

What is the main feature of rural unemployment ?

• 3)

Give short note on frictional unemployment

• 4)

Give reasons for labour retrenchment at present situation

• 5)

List out the assumptions of Say’s law.

#### 12th Economics - National Income - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define National Income.

• 2)

Write the formula for calculating GNP

• 3)

What is the difference between NNP and NDP?

• 4)

Trace the relationship between GNP and NNP

• 5)

What do you mean by the term ‘Personal Income’?

#### 12th Economics - Introduction to Macro Economics - Two Marks Study Materials - by 8682895000 - Jan 22, 2020 - View & Read

• 1)

Define Macro Economics

• 2)

Define the term ‘Inflation

• 3)

What is meant by an ‘Economy’?

• 4)

Classify the economies based on status of development

• 5)

What do you mean by Capitalism?

#### 12th Economics - Full Portion Five Marks Questions - by 8682895000 - Jan 20, 2020 - View & Read

• 1)

Illustrate the functioning of an economy based on its activities

• 2)

Explain the merits of Mixed Economy.

• 3)

Discuss the various methods of estimating the national income of a country

• 4)

Narrate the equilibrium between ADF and ASF with diagram

• 5)

Comparison of Classicism and Keynesianism

#### 12th Economics - Full Portion Three Marks Question Paper - by 8682895000 - Jan 20, 2020 - View & Read

• 1)

Enumerate the features of mixed economy

• 2)

Briefly explain the two sector circular flow model.

• 3)

Explain any two merits of socialism.

• 4)

Give short note on Expenditure method

• 5)

What is Depreciation?

#### 12th Economics - Full Portion Two Marks Question Paper - by 8682895000 - Jan 20, 2020 - View & Read

• 1)

Define the term ‘Inflation

• 2)

What do you mean by Capitalism?

• 3)

Write the formula for calculating GNP

• 4)

Define GDP deflator

• 5)

Define full employment.

#### 12th Economics - Public Exam Model Question Paper 2019 - 2020 - by Mani - Pollachi - Jan 17, 2020 - View & Read

• 1)

Identify The Father of Socialism

• 2)

Assertion (A): The term coined by Manfred D Steger (2002) to denote the new market ideology of globalization.
Reason (R): The ideology connects nations together through international trade and aiming at global development.

• 3)

GNP = _________ + Net factor income from abroad

• 4)

Find the missing term in the following equation.
NNP at factor cost = NNP at Market prices –…………………+ Subsidies

• 5)

The component of aggregate demand is__________

#### 12th Economics - Monetary Economics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

__________inflation results in a serious depreciation of the value of money.

• 2)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 3)

The study of alternating fluctuations in business activity is referred to in Economics as

• 4)

Inflation is taxation without legislation' was said by______

• 5)

Barter system was introduced by________

#### 12th Standard Economics - Banking Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

NBFI does not have.

• 2)

Central bank is_____ authority of any country.

• 3)

ARDC started functioning from

• 4)

"Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

• 5)

Finance is the life blood of all economic activities such as________

#### 12th Standard Economics - International Economics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

Exchange rates are determined in

• 2)

Who among the following enunciated the concept of single factoral terms of trade?

• 3)

Cyclical disequilibrium in BOP occurs because of

• 4)

_______ includes both visible and invisible items.

• 5)

Large __________ are driving out foreign investors.

#### 12th Standard Economics - Fiscal Economics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

GST is equivalence of

• 2)

Which of the following is a direct tax?

• 3)

Methods of repayment of public debt is

• 4)

Budget estimates are prepared by _____________

• 5)

A ________ is a penalty imposed on an individual for violation of law.

#### 12th Standard Economics - Introduction to Statistical Methods and Econometrics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

A measure of the strength of the linear relationship that exists between two variables is called:

• 2)

If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:

• 3)

The purpose of simple linear regression analysis is to:

• 4)

The raw materials of Econometrics are:

• 5)

Evidence from history proves that during the reign of Chandra Gupta Maurya, there existed a system of maintaining ________.

#### 12th Standard Economics - Economics of Development and Planning Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

Economic growth measures the_______

• 2)

The supply side vicious circle of poverty suggests that poor nations remain poor because

• 3)

Short-term plan is also known as________

• 4)

Which is not the characteristics of UDCs?

• 5)

Economic development depends on

#### 12th Standard Economics - Environmental Economics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

One of the most important market failures is caused by __________

• 2)

Which one of the following causes of global warming?

• 3)

Which of the following is main cause for deforestation?

• 4)

__________ gases are released in to the atomssphere during the burning of fossil fuels

• 5)

__________ are the particles, and gases out comes during the construction and agricultural activates to affect the air.

#### 12th Standard Economics - International Economic Organisations Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

• 2)

ASEAN meetings are held once in every _______ years

• 3)

The Tenth BRICS Summit was held in July 2018 at

• 4)

Jakarta is the head quarters of _________.

• 5)

Who are the "founding fathers" of both the world bank and the IMF?

#### 12th Standard Economics - Consumption and Investment Functions Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

Lower interest rates are likely to :

• 2)

The relationship between total spending on consumption and the total income is the_________

• 3)

The multiplier tells us how much __________ changes after a shift in _____

• 4)

Decrease in consumption at any given level of income is likely to lead

• 5)

If the MPC = 0.6, find MPS

#### 12th Economics - Theories of Employment and Income Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

According to Keynes, which type of unemployment prevails in capitalist economy ?

• 2)

Keynes attributes unemployment to__________

• 3)

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

• 4)

Rate of interest is a stock

• 5)

'Demand creates its own supply' - who said this.

#### 12th Economics - National Income Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

Expenditure method is used to estimate national income in_______

• 2)

Tertiary sector is also called as __________sector

• 3)

Per capita income is obtained by dividing the National income by__________

• 4)

Percapita Income =

• 5)

GDP by expenditure at ________ price.

#### 12th Economics - Introduction to Macro Economics Model Question Paper 1 - by 8682895000 - Jan 06, 2020 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

Indicate the fundamental economic activities of an economy

• 3)

The country following Capitalism is ________________

• 4)

Identify The Father of Socialism

• 5)

A steady fall in general price level is termed as ___________.

#### 12th Economics - Introduction to Statistical Methods and Econometrics Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

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

• 2)

Sources of secondary data are______

• 3)

The term regression was used by:

• 4)

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

• 5)

The raw materials of Econometrics are:

#### 12th Economics - Economics of Development and Planning Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

The supply side vicious circle of poverty suggests that poor nations remain poor because

• 2)

Which of the following plan has focused on the agriculture and rural economy

• 3)

Short-term plan is also known as________

• 4)

Which is not the characteristics of UDCs?

• 5)

The first country to introduce Five Year Plan was

#### 12th Economics - Environmental Economics Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

In a pure public good, consumption is ___________

• 2)

One of the most important market failures is caused by __________

• 3)

The major contributor of Carbon monoxide is

• 4)

__________ gases are released in to the atomssphere during the burning of fossil fuels

• 5)

__________ are the particles, and gases out comes during the construction and agricultural activates to affect the air.

#### 12th Economics - Fiscal Economics Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

GST is equivalence of

• 2)

The direct tax has the following merits except

• 3)

"Revenue Receipts" of the Government do not include

• 4)

Budget estimates are prepared by _____________

• 5)

A ________ is a penalty imposed on an individual for violation of law.

#### 12th Economics - International Economic Organisations Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

Which of the following countries is not a member of SAARC?

• 2)

International Development Association is an affiliate of

• 3)

ASEAN meetings are held once in every _______ years

• 4)

Jakarta is the head quarters of _________.

• 5)

The __________ BRICS summit was held in July 2018 at Johannesburg

#### 12th Economics - International Economics Model Question Paper - by Mani - Pollachi - Dec 03, 2019 - View & Read

• 1)

Exchange rates are determined in

• 2)

Who among the following enunciated the concept of single factoral terms of trade?

• 3)

BOP includes

• 4)

Comparative cost advantages was developed by

• 5)

_______ are determined in foreign exchange rate.

#### 12th Economics - Banking Model Question Paper - by Mani - Pollachi - Nov 27, 2019 - View & Read

• 1)

Central bank is_____ authority of any country.

• 2)

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

• 3)

The State Financial Corporation Act was passed by

• 4)

Finance is the life blood of all economic activities such as________

• 5)

________is a Financial Institution

#### 12th Economics - Monetary Economics Model Question Paper - by Mani - Pollachi - Nov 27, 2019 - View & Read

• 1)

Money is

• 2)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 3)

The study of alternating fluctuations in business activity is referred to in Economics as

• 4)

Inflation is taxation without legislation' was said by______

• 5)

Fisher's Quantity theory of Money was first propounded in 1588 by an Italian economist.

#### 12th Economics - Consumption and Investment Functions Model Question Paper - by Mani - Pollachi - Nov 27, 2019 - View & Read

• 1)

The sum of the MPC and MPS is___________

• 2)

As income increases, consumption will______

• 3)

It the MPC is 0.5, the multiplier is ____________

• 4)

The term super multiplier was first used by

• 5)

Decrease in consumption at any given level of income is likely to lead

#### 12th Economics - Theories of Employment and Income Model Question Paper - by Mani - Pollachi - Nov 27, 2019 - View & Read

• 1)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 2)

According to Keynes, which type of unemployment prevails in capitalist economy ?

• 3)

_________ Flexibility brings equality between saving and investment

• 4)

Rate of interest is a stock

• 5)

'Rate of interest is a reward for parting with liquidity' - Its belongs to which theory.

#### 12th Economics - National Income Important Questions - by Mani - Pollachi - Nov 21, 2019 - View & Read

• 1)

Net National product at factor cost is also known as

• 2)

National income is a measure of the__________ performance of an economy

• 3)

__________ is deducted from gross value to get the net value

• 4)

Percapita Income =

• 5)

Net Domestic = GDP - _________.

#### 12th Economics - Introduction to Macro Economics Important Questions - by Mani - Pollachi - Nov 21, 2019 - View & Read

• 1)

Indicate the contribution of J M Keynes to economics

• 2)

A steady increase in general price level is termed as_____________.

• 3)

The country following Capitalism is ________________

• 4)

Identify The Father of Socialism

• 5)

Micro means __________.

#### 12th Economics - Half Yearly Model Question Paper 2019 - by Mani - Pollachi - Nov 12, 2019 - View & Read

• 1)

Who is regarded as Father of Modern Macro Economics

• 2)

Planning is an integral part of a Capitalist economy.
In socialist system, all decisions are undertaken by the central planning authority

• 3)

Which of the following amount is available for households for their consumption?

• 4)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 5)

The natural rate of unemployment equals the sum of those who are:

#### 12th Standard Economics - Term II Model Question Paper - by Jyothi - Dharapuram - Oct 29, 2019 - View & Read

• 1)

Who coined the word ‘Macro’?

• 2)

The country following Capitalism is ________________

• 3)

National income is measured by using_______ methods.

• 4)

In disguised unemployment, the marginal productivity of labour is _________

• 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?

#### 12th Standard Economics - Introduction to Statistical Methods and Econometrics Model Question Paper - by Jyothi - Dharapuram - Oct 19, 2019 - View & Read

• 1)

The word 'statistics' is used as _______

• 2)

A measure of the strength of the linear relationship that exists between two variables is called:

• 3)

If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be:

• 4)

The term regression was used by:

• 5)

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

#### 12th Standard Economics - Economics of Development and Planning Model Question Paper - by Jyothi - Dharapuram - Oct 19, 2019 - View & Read

• 1)

"Redistribution with Growth" became popular slogan under which approach?

• 2)

Which of the following plan has focused on the agriculture and rural economy

• 3)

Which of the following country adopts indicative planning?

• 4)

Long-term plan is also known as_______

• 5)

The basic philosophy behind long-term planning is to bring _______changes in the economy?

#### 12th Economics - Environmental Economics Model Question Paper - by Jyothi - Dharapuram - Oct 19, 2019 - View & Read

• 1)

The term environment has been derived from a French word _________

• 2)

The word biotic means environment

• 3)

In a pure public good, consumption is ___________

• 4)

The major contributor of Carbon monoxide is

• 5)

Which one of the following causes of global warming?

#### 12th Standard Economics - Fiscal Economics Model Question Paper - by Jyothi - Dharapuram - Oct 19, 2019 - View & Read

• 1)

The modern state is

• 2)

GST is equivalence of

• 3)

The direct tax has the following merits except

• 4)

"Revenue Receipts" of the Government do not include

• 5)

The primary purpose of deficit financing is

#### 12th Standard Economics - International Economic Organisations Model Question Paper - by Jyothi - Dharapuram - Oct 16, 2019 - View & Read

• 1)

International Development Association is an affiliate of

• 2)

• 3)

ASEAN meetings are held once in every _______ years

• 4)

• 5)

New Development Bank is associated with

#### 12th Standard Economics - International Economics Model Question Paper - by Jyothi - Dharapuram - Oct 16, 2019 - View & Read

• 1)

• 2)

• 3)

Which of the following is a modern theory of international trade?

• 4)

Exchange rates are determined in

• 5)

Net export equals _______.

#### 12th Standard Economics - International Economics Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Describe the subject matter of International Economics.

• 2)

Compare the Classical Theory of international trade with Modern Theory of International trade.

• 3)

Explain the Net Barter Terms of Trade and Gross Barter Terms of Trade.

• 4)

Distinguish between Balance of Trade and Balance of Payments.

• 5)

What are import quotas?

#### 12th Standard Economics - International Economic Organisations Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Mention the various forms of economic integration.

• 2)

• 3)

Mention any three lending programmes of IMF.

• 4)

What is Multilateral Agreement?

• 5)

Write the agenda ofBRICS Summit, 2018.

#### 12th Economics - Fiscal Economics Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Describe Canons of Taxation.

• 2)

Mention any three similarities between public finance and private finance.

• 3)

What are the functions of a modern state?

• 4)

State any three characteristics of taxation.

• 5)

Point out any three differences between direct tax and indirect tax.

#### 12th Economics - Environmental Economics Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Brief the linkage between economy and environment.

• 2)

Specify the meaning of material balance principle

• 3)

Explain different types of air pollution.

• 4)

What are the causes of water pollution?

• 5)

State the meaning of e-waste.

#### 12th Economics - Introduction to Statistical Methods and Econometrics Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

What are the functions of Statistics?

• 2)

Find the Standard Deviation of the following data:14,22,9,15.20,17,12.11

• 3)

State and explain the different kinds of Correlation

• 4)

Mention the uses of Regression Analysis

• 5)

Specify the objectives of econometrics.

#### 12th Economics - Economics of Development and Planning Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Elucidate major causes of vicious circle of poverty with diagram

• 2)

What are the non-economic factors determining development?

• 3)

How would you break the vicious circle of poverty?

• 4)

Trace the evolution of economic planning in India.

• 5)

Describe the case for planning

#### 12th Economics - Banking Three Marks Questions - by Mani - Pollachi - Oct 09, 2019 - View & Read

• 1)

Write the mechanism of credit creation by commercial banks.

• 2)

Give a brief note on NBFI.

• 3)

Bring out the methods of credit control

• 4)

What are the functions of NABARD?

• 5)

Specify the functions of IFCI.

#### 12th Standard Economics - Banking Model Question Paper - by Jyothi - Dharapuram - Oct 09, 2019 - View & Read

• 1)

A Bank is a

• 2)

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

• 3)

Moral suasion refers.

• 4)

EXIM bank was established in.

• 5)

Online Banking is also known as.

#### 12th Standard Economics - Monetary Economics Model Question Paper - by Jyothi - Dharapuram - Oct 09, 2019 - View & Read

• 1)

The RBI Headquarters is located at

• 2)

MV stands for

• 3)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 4)

Stagflation combines the rate of inflation with

• 5)

When prices rise slowly, we call it

#### 12th Standard Economics - Consumption and Investment Functions Model Question Paper - by Jyothi - Dharapuram - Oct 01, 2019 - View & Read

• 1)

The average propensity to consume is measured by

• 2)

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?

• 3)

Lower interest rates are likely to :

• 4)

The sum of the MPC and MPS is___________

• 5)

As income increases, consumption will______

#### 12th Standard Economics - Theories of Employment and Income Model Question Paper - by Jyothi - Dharapuram - Oct 01, 2019 - View & Read

• 1)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 2)

J.B. Say is a ___________

• 3)

The core of the classical theory of employment is____________

• 4)

_________ Flexibility brings equality between saving and investment

• 5)

According to classical theory, rate of interest is a reward for __________

#### 12th Standard Economics - Monetary Economics 3 Marks Questions - by Mani - Pollachi - Oct 01, 2019 - View & Read

• 1)

Write a note on metallic money

• 2)

What is money supply?

• 3)

What are the determinants of money supply?

• 4)

Write the types of inflation

• 5)

Explain Demand-pull and Cost push inflation.

#### 12th Standard Economics - Consumption and Investment Functions Three Marks Questions - by Mani - Pollachi - Oct 01, 2019 - View & Read

• 1)

State the propositions of Keynes’s Psychological Law of Consumption

• 2)

Differentiate autonomous and induced investment.

• 3)

Explain any three subjective and objective factors influencing the consumption function.

• 4)

Mention the differences between accelerator and multiplier effect

• 5)

State the concept of super multiplier

#### 12th Standard Economics - Theories of Employment and Income Three Marks Questions - by Mani - Pollachi - Oct 01, 2019 - View & Read

• 1)

According to classical theory of employment, how wage reduction solve the problem of unemployment diagramatically explain.

• 2)

Explain Keynes’ theory in the form of flow chart

• 3)

What do you mean by aggregate demand ? Mention its components

• 4)

Explain about aggregate supply with the help of diagram.

• 5)

Explain the classical theory about unemployment?

#### 12th Economics - National Income Three Marks Questions - by Mani - Pollachi - Oct 01, 2019 - View & Read

• 1)

Write a short note on per capita income

• 2)

Differentiate between personal and disposable income.

• 3)

Explain briefly NNP at factor cost.

• 4)

Give short note on Expenditure method

• 5)

What is the solution to the problem of double counting in the estimation of national
income?

#### 12th Economics - Introduction to Macro Economics Three Marks Questions - by Mani - Pollachi - Oct 01, 2019 - View & Read

• 1)

State the importance of Macro Economics

• 2)

Describe the different types of economic systems.

• 3)

Outline the major merits of capitalism.

• 4)

Indicate the demerits of socialism

• 5)

Enumerate the features of mixed economy

#### 12th Standard Economics - National Income Model Question Paper - by Jyothi - Dharapuram - Sep 27, 2019 - View & Read

• 1)

Net National product at factor cost is also known as

• 2)

Tertiary sector is also called as __________sector

• 3)

NNP stands for___________

• 4)

The average income of the country is________

• 5)

The largest proportion of national income comes from___________

#### 12th Standard Economics - Introduction to Macro Economics Model Question Paper - by Jyothi - Dharapuram - Sep 27, 2019 - View & Read

• 1)

The branches of the subject Economics is

• 2)

A steady increase in general price level is termed as_____________.

• 3)

Indicate the fundamental economic activities of an economy

• 4)

Who is referred as ‘Father of Capitalism’?

• 5)

Quantity of a commodity accumulated at a point of time is termed as ____________..

#### 12th Economics - Introduction to Statistical Methods and Econometric Two Marks Questions - by Mani - Pollachi - Sep 21, 2019 - View & Read

• 1)

What are the kinds of Statistics?

• 2)

What do you mean by Inferential Statistics?

• 3)

What are the kinds of data?

• 4)

Write brief note on Statistics and Medicine.

• 5)

List the major differences between Descriptive Statistics and Inferential Statistics

#### 12th Economics - Economics of Development and Planning Two Marks Questions - by Mani - Pollachi - Sep 21, 2019 - View & Read

• 1)

Define economic development

• 2)

Mention the indicators of development.

• 3)

Distinguish between economic growth and development

• 4)

Define economic planning

• 5)

What are the social indicators of economic development?

#### 12th Economics - Environmental Economics Two Marks Questions - by Mani - Pollachi - Sep 21, 2019 - View & Read

• 1)

State the meaning of environment.

• 2)

What do you mean by ecosystem?

• 3)

What are environmental goods? Give examples

• 4)

What are the remedial measures to control noise pollution?

• 5)

Define Global warming.

#### 12th Economics - International Economic Organisations Two Marks Questions - by Mani - Pollachi - Sep 21, 2019 - View & Read

• 1)

Write the meaning of Special Drawing rights.

• 2)

Mention any two objectives of ASEAN.

• 3)

Point out any two ways in which IBRD lends to member countries.

• 4)

Define Common Market.

• 5)

#### 12th Economics - Term 1 Model Question Paper - by Jyothi - Dharapuram - Sep 21, 2019 - View & Read

• 1)

Identify the other name for Macro Economics

• 2)

Macro economics is a study of_________

• 3)

Primary sector is ________

• 4)

J.B. Say is a ___________

• 5)

The average propensity to consume is measured by

#### 12th Economics - Fiscal Economics Two Marks Question - by Mani - Pollachi - Sep 19, 2019 - View & Read

• 1)

Define public finance.

• 2)

What is public revenue?

• 3)

Differentiate tax and fee.

• 4)

Write a short note on zero based budget.

• 5)

Give two examples for direct tax.

#### 12th Economics - International Economics Two Marks Question - by Mani - Pollachi - Sep 19, 2019 - View & Read

• 1)

What is International Economics?

• 2)

• 3)

State any two merits of trade.

• 4)

What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

• 5)

#### 12th Economics - Banking Two Marks Question - by Mani - Pollachi - Sep 19, 2019 - View & Read

• 1)

Define Commercial banks.

• 2)

What is credit creation?

• 3)

Define Central bank.

• 4)

Distinguish between CRR and SLR

• 5)

Write the meaning of Open market operations

#### 12th Economics - Monetary Economics Two Marks Question - by Mani - Pollachi - Sep 19, 2019 - View & Read

• 1)

Define Money

• 2)

What is barter?

• 3)

What is gold standard?

• 4)

What is plastic money? Give example.

• 5)

Define inflation.

#### 12th Economics Chapter 4 Consumption and Investment Functions Two Marks Question - by Mani - Pollachi - Sep 19, 2019 - View & Read

• 1)

What is consumption function?

• 2)

What do you mean by propensity to consume?

• 3)

Define average propensity to consume (APC).

• 4)

Define Marginal Propensity to Save (MPS).

• 5)

Define Multiplier.

#### 12th Economics - Term 1 Five Mark Model Question Paper - by Mani - Pollachi - Sep 16, 2019 - View & Read

• 1)

Compare the feature among Capitalism, Secularism and Mixedism

• 2)

Explain the importance of national income

• 3)

Describe the types of unemployment

• 4)

Explain the operation of the Accelerator

• 5)

Explain the functions of money

#### 12th Standard Economics Chapter 1 Introduction to Macro Economics Two Marks Questions - by Mani - Pollachi - Sep 16, 2019 - View & Read

• 1)

Define Macro Economics

• 2)

Define the term ‘Inflation

• 3)

What do you mean by Capitalism?

• 4)

‘Circular Flow of Income’ - Define

• 5)

Write any three merits of capitalism.

#### 12th Standard Economics - National Income Two Marks Questions - by Mani - Pollachi - Sep 16, 2019 - View & Read

• 1)

Define National Income.

• 2)

Trace the relationship between GNP and NNP

• 3)

What do you mean by the term ‘Personal Income’?

• 4)

Why is self consumption difficult in measuring national income?

• 5)

What are the basic concepts for measuring national income?

#### 12th Economics Unit 3 Theories of Employment and Income Two Marks Questions - by Mani - Pollachi - Sep 16, 2019 - View & Read

• 1)

Define full employment.

• 2)

What is the main feature of rural unemployment ?

• 3)

Give short note on frictional unemployment

• 4)

List out the assumptions of Say’s law.

• 5)

What is effective demand ?

#### 12th Economics Quarterly Model Question Paper - by Mani - Pollachi - Sep 13, 2019 - View & Read

• 1)

A steady increase in general price level is termed as_____________.

• 2)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 3)

________ is a combination of both capitalism and socialism.

• 4)

Find the odd one out

• 5)

Per capita income is obtained by dividing the National income by__________

#### 12th Economics - Environmental Economics Book Back Questions - by Mani - Pollachi - Sep 06, 2019 - View & Read

• 1)

The term environment has been derived from a French word _________

• 2)

One of the most important market failures is caused by __________

• 3)

The major contributor of Carbon monoxide is

• 4)

Global warming also refers to as

• 5)

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

#### 12th Standard Economics - Economics of Development and Planning Book Back Questions - by Mani - Pollachi - Sep 06, 2019 - View & Read

• 1)

Economic growth measures the_______

• 2)

The supply side vicious circle of poverty suggests that poor nations remain poor because

• 3)

Which of the following plan has focused on the agriculture and rural economy

• 4)

M.N. Roy was associated with_______

• 5)

Long-term plan is also known as_______

#### 12th Economics - Introduction to Statistical Methods and Econometrics Book Back Questions - by Mani - Pollachi - Sep 06, 2019 - View & Read

• 1)

The word 'statistics' is used as _______

• 2)

Sources of secondary data are______

• 3)

If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:

• 4)

In the regression equation $Y={ \beta }_{ \alpha }+{ \beta }_{ 1 }{ X }_{ , }$the Y is called:

• 5)

In the regression equation $X={ \beta }_{ 0 }+{ \beta }_{ 1 }{ X }_{ , }$ the X is called:

#### 12th Standard Economics - Fiscal Economics Book Back Questions - by Mani - Pollachi - Sep 05, 2019 - View & Read

• 1)

GST is equivalence of

• 2)

The direct tax has the following merits except

• 3)

Which of the following is not a tax under Union list?

• 4)

"Revenue Receipts" of the Government do not include

• 5)

The difference between revenue expenditure and revenue receipts is

#### 12th Standard Economics - International Economic Organisations Book Back Questions - by Mani - Pollachi - Sep 05, 2019 - View & Read

• 1)

International Monetary Fund was an outcome of

• 2)

International Development Association is an affiliate of

• 3)

• 4)

ASEAN meetings are held once in every _______ years

• 5)

Which of the following is not the member of SAARC?

#### 12th Standard Economics Chapter 7 International Economics Book Back Questions - by Mani - Pollachi - Sep 04, 2019 - View & Read

• 1)

• 2)

Exchange rates are determined in

• 3)

Who among the following enunciated the concept of single factoral terms of trade?

• 4)

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

• 5)

Components of balance of payments of a country includes

#### 12th Standard Economics Chapter 6 Banking Book Back Questions - by Mani - Pollachi - Sep 04, 2019 - View & Read

• 1)

A Bank is a

• 2)

Central bank is_____ authority of any country.

• 3)

Bank Rate means.

• 4)

Moral suasion refers.

• 5)

NABARD was set up in

#### 12th Standard Economics - Monetary Economics Book Back Questions - by Mani - Pollachi - Sep 03, 2019 - View & Read

• 1)

The RBI Headquarters is located at

• 2)

Inflation means

• 3)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 4)

Stagflation combines the rate of inflation with

• 5)

“Money can be anything that is generally acceptable as a means of exchange and that thesame time acts as a measure and a store of value”, This definition was given by

#### 12th Standard Economics - Theories of Employment and Income Book Back Questions - by Mani - Pollachi - Sep 02, 2019 - View & Read

• 1)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 2)

The core of the classical theory of employment is____________

• 3)

_________ Flexibility brings equality between saving and investment

• 4)

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

• 5)

The basic concept used in Keynes Theory of Employment and Income is__________

#### 12th Standard Economics - Consumption and Investment Functions Book Back Questions - by Mani - Pollachi - Sep 02, 2019 - View & Read

• 1)

The average propensity to consume is measured by

• 2)

As increase in consumption at any given level of income is likely to lead

• 3)

Lower interest rates are likely to :

• 4)

As income increases, consumption will______

• 5)

When investment is assumed autonomous the slope of the AD schedule is determined by the______

#### 12th Standard Economics Unit 2 National Income Book Back Questions - by Mani - Pollachi - Aug 31, 2019 - View & Read

• 1)

Expenditure method is used to estimate national income in_______

• 2)

Tertiary sector is also called as __________sector

• 3)

GNP = _________ + Net factor income from abroad

• 4)

The financial year in India is__________

• 5)

PQLI is the indicator of_____________

#### 12th Standard Economics - Introduction to Macro Economics Book Back Questions - by Mani - Pollachi - Aug 30, 2019 - View & Read

• 1)

An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

• 2)

Quantity of a commodity accumulated at a point of time is termed as ____________..

• 3)

Identify the flow variable

• 4)

Identify the sectors of a Two Sector Model.

• 5)

The Circular Flow Model that represents an open Economy

#### 12th Standard Economics Unit 9 Fiscal Economics One Mark Question and Answer - by Mani - Pollachi - Aug 29, 2019 - View & Read

• 1)

The modern state is

• 2)

One of the following is NOT a feature of private finance

• 3)

GST is equivalence of

• 4)

The old and popular term of Fiscal Economics is called _____________

• 5)

Public finance is related to the financing of the ___________ activities.

#### 12th Standard Economics Unit 8 International Economic Organisations One Mark Question and Answer - by Mani - Pollachi - Aug 29, 2019 - View & Read

• 1)

International Monetary Fund was an outcome of

• 2)

International Monetary Fund is having its headquarters at

• 3)

International Development Association is an affiliate of

• 4)

World Bank Group

• 5)

Jakarta is the head quarters of _________.

#### 12th Standard Economics - International Economics One Mark Question and Answer - by Mani - Pollachi - Aug 28, 2019 - View & Read

• 1)

• 2)

Which of the following factors influence trade?

• 3)

Exchange rates are determined in

• 4)

Exchange rate for currencies is determined by supply a!ld demand under the-system of

• 5)

#### 12th Economics Chapter 6 Banking One Mark Question and Answer - by Mani - Pollachi - Aug 27, 2019 - View & Read

• 1)

NBFI does not have.

• 2)

Central bank is_____ authority of any country.

• 3)

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

• 4)

Credit creation means the________

• 5)

"Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

#### 12th Economics Chapter 5 Monetary Economics One Mark Question and Answer - by Mani - Pollachi - Aug 27, 2019 - View & Read

• 1)

The RBI Headquarters is located at

• 2)

Money is

• 3)

Money supply means the total amount of money in_____

• 4)

In India, currency notes are issued by the_______

• 5)

The symbol of India rupee came into use on________

#### 12th Economics Chapter 4 Consumption and Investment Functions One Mark Question and Answer - by Mani - Pollachi - Aug 27, 2019 - View & Read

• 1)

The average propensity to consume is measured by

• 2)

An increase in the marginal propensity to consume will:

• 3)

As increase in consumption at any given level of income is likely to lead

• 4)

If the Keynesian consumption function is C = 10 + 0.5Y then, and disposable income is 100, what is the average propensity to consume?

• 5)

Decrease in consumption at any given level of income is likely to lead

#### 12th Standard Economics Unit 3 Theories of Employment and Income One Mark Question and Answer - by Mani - Pollachi - Aug 26, 2019 - View & Read

• 1)

Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

• 2)

According to Keynes, which type of unemployment prevails in capitalist economy ?

• 3)

The core of the classical theory of employment is____________

• 4)

Keynes attributes unemployment to__________

• 5)

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

#### 12th Standard Economics Chapter 2 National Income One Mark Question Paper - by Mani - Pollachi - Aug 24, 2019 - View & Read

• 1)

Which is the largest figure?

• 2)

Tertiary sector is also called as __________sector

• 3)

Per capita income is obtained by dividing the National income by__________

• 4)

NNP stands for___________

• 5)

When net factor income from abroad is deducted from NNP, the net value is__________

#### 12th Economics Introduction to Macro Economics One Mark Question Paper - by Mani - Pollachi - Aug 23, 2019 - View & Read

• 1)

The branches of the subject Economics is

• 2)

A steady increase in general price level is termed as_____________.

• 3)

Identify the necessity of Economic policies

• 4)

An economy consists of

• 5)

Identify the economic system where only private ownership of production exists

#### 12th Economics International Economic Organisations Model Question Paper - by Mani - Pollachi - Aug 20, 2019 - View & Read

• 1)

Which of the following countries is not a member of SAARC?

• 2)

ASEAN meetings are held once in every _______ years

• 3)

New Development Bank is associated with

• 4)

Head quarters of BRICS is in

• 5)

The Bretton Woods conference proposal IMF, World Bank and International Trade Organisation (ITO) in ________.

#### 12th Economics International Economics Model Question Paper - by Mani - Pollachi - Aug 12, 2019 - View & Read

• 1)

Which of the following is a modern theory of international trade?

• 2)

Net export equals _______.

• 3)

If there is an imbalance in the trade balance (more imports than exports), it can be reduced by

• 4)

Which of the following is not an example of foreign direct investment?

• 5)

#### 12th Standard Economics Chapter 6 Banking Model Question Paper - by Mani - Pollachi - Aug 05, 2019 - View & Read

• 1)

A Bank is a

• 2)

A Commercial Bank is an institutions that provides services

• 3)

Central bank is_____ authority of any country.

• 4)

Repo Rate means.

• 5)

Monetary policy his formulated by.

#### 12th Standard Economics Chapter 5 Monetary Economics Model Question Paper - by Mani - Pollachi - Aug 03, 2019 - View & Read

• 1)

Inflation means

• 2)

___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

• 3)

The study of alternating fluctuations in business activity is referred to in Economics as

• 4)

When prices are raised drastically(rapidly) we call it

• 5)

Inflation is taxation without legislation' was said by______

#### 12th Standard Economics First Mid Term Model Question Paper - by Mani - Pollachi - Aug 01, 2019 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Who is regarded as Father of Modern Macro Economics

• 3)

Percapita Income =

• 4)

Who was the Nobel laureate first introduced the concept of national income?

• 5)

The main concention of the Classical Economic Theory is____________

#### 12th Standard Economics Chapter 4 Consumption and Investment Functions Important Question Paper - by Mani - Pollachi - Jul 30, 2019 - View & Read

• 1)

The average propensity to consume is measured by

• 2)

As increase in consumption at any given level of income is likely to lead

• 3)

The relationship between total spending on consumption and the total income is the_________

• 4)

If the Keynesian consumption function is C = 10 + 0.5Y then, and disposable income is 100, what is the average propensity to consume?

• 5)

Decrease in consumption at any given level of income is likely to lead

#### 12th Standard Economics Chapter 3 Theories of Employment and Income Important Question Paper - by Mani - Pollachi - Jul 26, 2019 - View & Read

• 1)

According to Keynes, which type of unemployment prevails in capitalist economy ?

• 2)

The core of the classical theory of employment is____________

• 3)

Keynes attributes unemployment to__________

• 4)

Full employment as "that level of employment at which any further increase in spending would resort in an inflationary spiral of wages and prices" who quote this above concept.

• 5)

Rate of interest is a stock

#### 12th Economics Unit 2 National Income Important Questions - by Mani - Pollachi - Jul 24, 2019 - View & Read

• 1)

Net National product at factor cost is also known as

• 2)

Primary sector is ________

• 3)

Expenditure method is used to estimate national income in_______

• 4)

Value of output =

• 5)

Percapita Income =

#### 12th Economics - Chapter 1 Important Question Paper - by Mani - Pollachi - Jul 18, 2019 - View & Read

• 1)

The branches of the subject Economics is

• 2)

Who coined the word ‘Macro’?

• 3)

Who is regarded as Father of Modern Macro Economics

• 4)

Macro economics is a study of_________

• 5)

Indicate the contribution of J M Keynes to economics