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Published on: 06/11/2020
12th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Five
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.
Find the author of book, “The General Theory of Employment, Interest and Money” published in 1936.
David Ricardo
J.S. Mill
J.M. Keynes
J.B. Say
2.
Assertion: National income by product method is measured by the value of final goods and services at current market prices.
Reason: Economists calculate the real national income at a constant price level by the consumer price index.
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
3.
The simple circular flow model shows that:
Households are on the buying side of both product and resource market
Businesses are on the selling side of both product and resource markets
Households are on the selling side of the resource market and on the buying side of the product market
Businesses are on the buying side of the product market and on the selling side of the resource market.
4.
__________ is measured by using three method.
National Income
Domestic Income
Per capita Income
Personal Income
5.
Micro means __________.
Large
Big
Small
Both 'a' and 'b'
6.
Methods of repayment of public debt is
Conversion
Sinking fund
Funded debt
All these
7.
NBFI does not have.
Banking license
government approval
Money market approval
Finance ministry approval
8.
Identify The Father of Socialism
J M Keynes
Karl Marx
Adam Smith
Samuelson
9.
Indicate the fundamental economic activities of an economy
Production and Distribution
Production and Exchange
Production and Consumption
Production and Marketing
10.
The branches of the subject Economics are
Wealth and Welfare
Production and Consumption
Demand and Supply
Micro and Macro
1.
(a)
David Ricardo
2.
(b)
Both A and R are true but R is not the correct explanation of A
3.
(c)
Households are on the selling side of the resource market and on the buying side of the product market
4.
(a)
National Income
5.
(c)
Small
6.
(d)
All these
7.
(a)
Banking license
8.
(b)
Karl Marx
9.
(c)
Production and Consumption
10.
(d)
Micro and Macro
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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
