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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Eight
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.
Find the odd one with the context of aggregate demand
Consumption demand
Investment demand
Government expenditure
interest is equilibrating factor
2.
In the context of Labour income, which of the following is wrong?
Wages and salaries
fringe benefits
employer’s contribution to social security
state insurance
3.
Unlike a market economy, a command economy uses
more centralized planning in economic decision making
consumer sovereignty to make production decisions
its resources more efficiently
price signals in economic decision making
4.
Find the missing flow from households to government in the diagram
Revenue
Fees
Taxes
None of the above
5.
Identify which is not a part of classification of economy based on Level of National Income
Foreign Income Economies
Low Income Economies
Middle Income Economies
High Income Economies
6.
Interest flexibility brings equality between __________
Income and consumption
Saving and investment
Demand and supply
Labour and capital
7.
Macro means ________.
Large
Aggregate
Economy as a whole
All the above
8.
Conversion of public debt means exchange of
New bonds for the old ones
Low interest bonds for higher interest bonds
Long term bonds for short term bonds
All the above
9.
Stagflation combines the rate of inflation with
Stagnation
employment
output
price
10.
Lower interest rates are likely to :
Decrease in consumption
increase cost of borrowing
Encourage saving
increase borrowing and spending
1.
(d)
interest is equilibrating factor
2.
(d)
state insurance
3.
(a)
more centralized planning in economic decision making
4.
(a)
Revenue
5.
(d)
High Income Economies
6.
(b)
Saving and investment
7.
(d)
All the above
8.
(b)
Low interest bonds for higher interest bonds
9.
(a)
Stagnation
10.
(d)
increase borrowing and spending
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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
