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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 Nine
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.
GDP Deflator is also called as:
Implicit Cost Deflator
GDP at Factor Cost
Implicit Wage Deflator
Implicit Price Deflator
2.
Eutrophication______________the oxygen in water which negatively affects fish and other aquatic animal population
inflates
depletes
increases
keeps
3.
Assertion: A country can gain from trade when it produces at relatively lower costs.
Reason: When a country enjoys an absolute advantage in both goods, the country would specialize in the production and export of those goods which are relatively more advantageous.
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
4.
Assertion: In a mixed economy, all the resources are owned and operated by the government.
Reason: Public welfare is the main motive behind all economic activities in mixed economy.
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.
Both A and R are false.
5.
The GATT was transformed into WTO on ________.
1995
1965
1975
1985
6.
Arrange following plans in correct chronological order
(i) People's Plan
(ii) Bombay Plan
(iii) Jawaharlal Nehru Plan
(iv) Vishveshwarya Plan
(i) (ii) (iii) (iv)
(iv) (iii) (ii) (i)
(i) (ii) (iv) (iii)
(ii) (i) (iv) (iii)
7.
In an open economy import _______ the value of the multiplier
Reduces
increase
does not change
changes
8.
Keynes theory emphasized on________ equilibrium
Very short run
Short run
Very long run
Long run
9.
The value of national income adjusted for inflation is called_________
Inflation Rate
Disposal Income
GNP
Real national income
10.
1.
(d)
Implicit Price Deflator
2.
(b)
depletes
3.
(b)
Both (A) and (R) are true, but (R) is not the correct explanation of (A)
4.
(d)
Both A and R are false.
5.
(a)
1995
6.
(b)
(iv) (iii) (ii) (i)
7.
(a)
Reduces
8.
(b)
Short run
9.
(d)
Real national income
10.
(b)
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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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