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Published on: 06/11/2020
12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021
Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
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1.
Who explained the idea in these words: “It implies a circular constellation of forces tending to act and react upon one another in such a way as to keep a poor country in a state of poverty”
Dalton
Pigou
Schumpeter
Nurkse
2.
The missing part of the cycle
Low income
Low tax
Low productivity
Low investment
3.
______________ formation is the process of increasing knowledge, skills and the productive capacity of people.
finance capital
human capital
material capital
investment
4.
Capital formation refers to the net addition to the ___________ which are either tangible like plants and machinery or intangible like health, education, and research.
existing flow of capital goods
old stock of capital goods
anticipated flow of capital goods
existing stock of capital goods
5.
What are the income limits of Middle Income Countries as per World Development Report?
GNI Per Capita Ranging Between $ 906 And $ 11, 115
GDP Per Capita Ranging Between $ 906 And $ 11, 115
Per Capita Ranging $ 11, 115 and above
GDP Per Capita Ranging Between $ 906 or below
6.
Associate the following conditions to a suitable type of economy.
“Low per capita income, widespread poverty, wide inequality in distribution of income and wealth, overpopulation, low rate of capital formation, high rate of unemployment, technological backwardness, dualism, etc.”
developed economy
Underdeveloped economy
mixed economy
advanced economy
7.
_________adopted economic planning for the first time 1928
U.S.A
Soviet union
Former soviet Russia
Both 'b' and 'c'
8.
The Ninth Plan ________on the external trade front.
succeeded
failed
succeeded more than target
aim and target are equal
9.
There will be ______ planning in acapitalist economy
rural
urban
total
partial
10.
Planning is a gift of___________ to the world
America
Japan
Former Soviet Russia
Germany
11.
During depression, there will be falling prices and mass
full employment
unemployment
production
recession
12.
In a socialist state most of the means of production are owned by the
Private individuals
State
Planning authority
none of the above
13.
The first country to introduce Five Year Plan was
UK.
U.S.A.
Former Soviet Russia
France
14.
Which is not the characteristics of UDCs?
Low per capita
Wide in equality
High rate of unemployment
Price mechanism
15.
The Chair Person of NITI Aayog is
Prime Minister
President
Vice - President
Finance Ministed
16.
NITI Aayog is formed through_______
Presidential Ordiance
Allocation of business rules by President of India
Cabinet resolution
None of the above
17.
Who wrote the book 'The Road to Serfdom'?
Friedrich Hayek
H.R. Hicks
David Ricardo
Thomas Robert Malthus
18.
Long-term plan is also known as_______
Progressive Plans
Non-progressive Plans
Perspective Plans
Non-perspective Plans
19.
Which of the following country adopts indicative planning?
France
Germany
Italy
Russia
20.
Which is not the feature of economic growth?
Concerned with developed nations
Gradual change
Concerned with quantitative aspect
Wider concept
1.
(d)
Nurkse
2.
(c)
Low productivity
3.
(b)
human capital
4.
(d)
existing stock of capital goods
5.
(a)
GNI Per Capita Ranging Between $ 906 And $ 11, 115
6.
(b)
Underdeveloped economy
7.
(d)
Both 'b' and 'c'
8.
(b)
failed
9.
(d)
partial
10.
(c)
Former Soviet Russia
11.
(b)
unemployment
12.
(b)
State
13.
(c)
Former Soviet Russia
14.
(d)
Price mechanism
15.
(a)
Prime Minister
16.
(c)
Cabinet resolution
17.
(a)
Friedrich Hayek
18.
(c)
Perspective Plans
19.
(b)
Germany
20.
(d)
Wider concept
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards