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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test Creative 1 Mark Questions - 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.
Assertion: Whenever banks have any shortage of funds they can borrow from the RBI, against securities.
Reason: If the RBI increases the Repo Rate, it makes borrowing expensive for banks and vice versa.
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.
According to Marshall’s equation, the value of money is influenced not only by changes in M, but also by changes in
K
P
Kl
Pl
3.
In regression analysis, the variable that is being predicted is the
response, or dependent, variable
independent variable
intervening variable
is usually x
4.
Which one of the following is not a macro economic variables
Input – Output ratio
Tax – GDP ratio
Current Account Deficit - GDP ratio
Fiscal Deficit - GDP ratio
5.
The Heckscher-Ohlin theory explains comparative advantage as the result of differences incountries:
Economies of large-scale production
Relative abundance of various resources
Relative costs of labor
Research and development expenditures
6.
Keynes considered subjective and objective factors:
Important determinants of consumption
Unimportant determinants of consumption
Determinants of investment
Determinants of business’s willingness to pay
7.
What is considered as the heart of any capitalistic economy?
Sales mechanism
Price mechanism
Demand mechanism
Exchange mechanism
8.
The Great Depression of 1930s was also caused by a _______________
Fall in investment
Income and consumption
Income and employment
Interest and money
9.
The value of net national product will be more than the value of net domestic product, if ________.
imports exceed exports
exports exceed imports
exports equal imports
none of the above
10.
Keynesian theory is based on _____________ equilibrium.
Very short - run equilibrium
Short run - equilibrium
Long run - equilibrium
Very long run - equilibrium
1.
(b)
Both A and R are true but R is not the correct explanation of A
2.
(b)
P
3.
(a)
response, or dependent, variable
4.
(a)
Input – Output ratio
5.
(b)
Relative abundance of various resources
6.
(b)
Unimportant determinants of consumption
7.
(b)
Price mechanism
8.
(a)
Fall in investment
9.
(b)
exports exceed imports
10.
(b)
Short run - equilibrium
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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
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