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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Four
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.
Assertion: The prime goals of economic planning are stabilization in developed countries and growth in LDCs.
Reason: The failure of market mechanism invited state intervention in economic activities through planning.
Both A and R are true and R is the correct explanation of A
Both A and R are true but R is not the correct explanation of A
A is true but R is false
A is false but R is true
2.
_______________ is peculiar to the mixed economies.
Financial Planning
Structural Planning
Indicative planning
Physical Planning
3.
If there is a very strong correlation between two variables then the correlation coefficient must be
any value larger than 1
much smaller than 0, if the correlation is negative
much larger than 0, regardless of whether the correlation is negative or positive
None of these alternatives is correct.
4.
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
5.
_______used in economic analysis are classified as stock and flow
Models
Variables
Charts
Equations
6.
The period of Eighth plan was
1978-83
1985-90
1992-97
1990-95
7.
Combination of both capitalism and socialism ________.
Capitalist Economy
Traditional Economy
Mixed Economy
Socialist Economy
8.
Which of the following is main cause for deforestation?
Timber harvesting industry
Natural afforestation
Soil stabilization
Climate stabilization
9.
The component of aggregate demand is__________
Personal demand
Government expenditure
Only export
Only import
10.
National income is a measure of the__________ performance of an economy
Industrial
Agricultural
Economic
Consumption
1.
(b)
Both A and R are true but R is not the correct explanation of A
2.
(c)
Indicative planning
3.
(a)
any value larger than 1
4.
(b)
Underdeveloped economy
5.
(b)
Variables
6.
(c)
1992-97
7.
(c)
Mixed Economy
8.
(a)
Timber harvesting industry
9.
(b)
Government expenditure
10.
(c)
Economic
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Tamilnadu Stateboard 12th Standard Subjects

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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