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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020
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
Take MCQ Economics Test

1.
Pick basic composition of three sector of model of economy
Y = C + I + G + (X – M)
Y = C + I + G
Y = C + S
Y = C + I
2.
_________ sector sells the entire output to house holds.
Firm
House hold
Government
Foreign trade
3.
If Y = 2 - O.2X, then the value of Y intercept is equal to
-0.2
2
0.2X
All of the above
4.
Which is not the feature of economic growth?
Concerned with developed nations
Gradual change
Concerned with quantitative aspect
Wider concept
5.
The difference between total expenditure and total receipts including loans and other liabilities is called
Fiscal deficit
Budget deficit
Primary deficit
Revenue deficit
6.
The first ministerial meeting of WTO was held at
Singapore
Geneva
Seattle
Doha
7.
Exchange rates are determined in
money market
foreign exchange market
stock market
capital market
8.
The Functions of commercial banks are broadly classified into
Primary Functions
Secondary functions
Other functions
a, b, and c
9.
The relationship between total spending on consumption and the total income is the_______.
Consumption function
Savings function
Investment function
aggregate demand function
10.
1.
(a)
Y = C + I + G + (X – M)
2.
(a)
Firm
3.
(b)
2
4.
(d)
Wider concept
5.
(a)
Fiscal deficit
6.
(a)
Singapore
7.
(b)
foreign exchange market
8.
(d)
a, b, and c
9.
(a)
Consumption function
10.
(c)
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Tamilnadu Stateboard 12th Standard Subjects

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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

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Tamilnadu Stateboard Standards