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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test 1 Mark Questions 2020 - Part Two
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 out the feature which is not true in the case of repudiation of debt.
Simplest method of liquidating a debt.
It will increase the credibility of the government
Debtors may face loss
It is discriminating
2.
The term ‘Fiscal Economics’ is a new one; the old and popular term of the subject is …………….?
Private Finance
Public Finance
International Finance
Modern Economics
3.
_____ was introduced by Sher Shah Suri based on a ratio of 40 copper pieces (paisa) per rupee.
The first currency
The first rupee
The first money
The first transaction
4.
Assertion: The principal factor affecting the development of an economy is the availability of natural resources.
Reason: The existence of natural resources in abundance is essential for development.
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
5.
Fisher’s Equation of quantity theory states that:
P varies directly with income
P varies directly with M
P and M are constant
None of the above
6.
Consider the following statements:
1. ‘Planned Economy for India’ was a famous book written by Dada Bhai Nauroji.
2. For Economic planning, ‘Gandhian plan’ was proposed by Mr. Mannarayan.
3. First five year plan was started in 1950
4. ’People Plan’ was presented by M.N. Roy Select the correct answer from the given codes below
1 and 2
2 and 4
1, 2 and 3
1, 2, 3 and 4
7.
In classical system which of the following keeps the economy at full employment
Level of saving
Increase in money supply
Adjustment in investment
Adjustment in money wages
8.
Assertion: J.B. Say propounded the fundamental Psychological Law of Consumption which forms the basis of the consumption function.
Reason: 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.
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
9.
Find the odd one in the context of man made noises.
ships
aircraft
seismic exploration
submarines
10.
The modern theory explains the phenomenon of international trade on the basis of ___________.
Labour theory of value
Factor endowment theory
General theory of value
Ricardo theory
1.
(d)
It is discriminating
2.
(b)
Public Finance
3.
(b)
The first rupee
4.
(a)
Both A and R are true and R is the correct explanation of A
5.
(b)
P varies directly with M
6.
(b)
2 and 4
7.
(d)
Adjustment in money wages
8.
(d)
A is false but R is true
9.
(d)
submarines
10.
(c)
General theory of value
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Physics

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Economics

Commerce

Accountancy

History

Computer Applications

Biology

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Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

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