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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test Book Back One Mark Questions - Part Three
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.
Planning Commission was set up in the year ________
1950
1951
1947
1948
2.
One of the most important market failures is caused by __________
Positive externalities
Negative externalities
Both
None of the above
3.
Consider the following statements and identify the correct ones.
(i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from union list to states.
i only
ii only
both
none
4.
Which of the following is not an example of foreign direct investment?
the construction of a new auto assembly plant overseas
the acquisition of an existing steel mill overseas
the purchase of bonds or stock issued by a textile company overseas
the creation of a wholly owned business firm overseas
5.
Moral suasion refers.
Optimization
Maximization
Persuasion
Minimization
6.
__________inflation results in a serious depreciation of the value of money.
Creeping
Walking
running
Hyper
7.
Lower interest rates are likely to :
Decrease in consumption
increase cost of borrowing
Encourage saving
increase borrowing and spending
8.
Keynes attributes unemployment to_______.
A lack of effective supply
A lock of effective demand
A lack of both
None of the above
9.
Expenditure method is used to estimate national income in_______
Construction sector
Agricultural Sector
Service sector
Banking sector
10.
A steady increase in general price level is termed as_____________.
wholesale price index
Business Cycle
Inflation
National Income
1.
(a)
1950
2.
(b)
Negative externalities
3.
(b)
ii only
4.
(c)
the purchase of bonds or stock issued by a textile company overseas
5.
(c)
Persuasion
6.
(d)
Hyper
7.
(d)
increase borrowing and spending
8.
(b)
A lock of effective demand
9.
(a)
Construction sector
10.
(c)
Inflation
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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