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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key
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.
The process of ______ begins with banks lending money out of primary deposit.
credit creation
cash credit
debit creation
over draft
2.
During stagflation
I. an increase in aggregate spending will eliminate the recession.
II. a decrease in aggregate spending will reduce inflation.
III. government faces contradictory goals.
IV. The central bank decreases money supply to reduce inflation
I and II only
III and IV only
I, II and III only
I, II, III and IV
3.
Sum of all kinds of income received by the individuals from all sources is called ________.
Personal Income
Private Income
Personal Disposable Income
None
4.
Match the correct codes
| 1 | The average propensity to consume | i | The ratio of change in saving to a change in income |
| 2 | The marginal propensity to consume |
ii | The ratio of saving to income |
| 3 | Marginal Propensity to Save | iii | Defined as the ratio of the change in the consumption to the change in income |
| 4 | The average propensity to save | iv | The ratio of consumption expenditure to any particular level of income |
(1) – (i) (2) – (ii) (3) – (iv) (4) – (i)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)
5.
Inflation refers to steady ________ in general price level.
decrease
increase
constant
flat
6.
There are _______ major exchange rate system
two
three
four
five
7.
As income decreases, consumption will ____________
fall
not change
fluctuate
increase
8.
Investment is the addition to real ___________
Input
Output Asset
Capital Assets
None of these
9.
Secondary sector is __________
Industry
Trade
Agriculture
Manufacture
10.
The general form of equation given by fisher is______
MV=PT
M = KPY
N= P/K
None of the above
1.
(a)
credit creation
2.
(d)
I, II, III and IV
3.
(a)
Personal Income
4.
(c)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
5.
(b)
increase
6.
(a)
two
7.
(a)
fall
8.
(c)
Capital Assets
9.
(a)
Industry
10.
(a)
MV=PT
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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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