12th Standard Syllabus & Materials
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TN 12th Computer Applications மின் - வணிகம் Sample Question Papers Study Material - QB365 Set A
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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 Seven
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.
Match the correct codes
| 1 | J.B. Say’s Market Law | i | A person receives his income from production which is spent on the purchase of goods and services produced by others |
| 2. | Keynes theory of employment | ii | Denotes money actually spent by the people on products of industry |
| 3. | Market Law Meaning | iii | Effective demand signifies the money spent on consumption of goods and services and on investment |
| 4. | Effective demand | iv | Supply creates its own demand |
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
2.
Assertion: Personal income is the total income received by the individuals of a country from all sources before payment of direct taxes in a year.
Reason: Personal income is never equal to the national income, because the former includes the transfer payments whereas they are not included in national income
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.
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)
4.
Which of the following is not a kind of multiplier?
Tax multiplier
Employment multiplier
Foreign Trade multiplier
Technical Multiplier
5.
Assertion: The means of production in a capitalistic economy are publicly owned.
Reason: Manufacturers produce goods and services with profit motive
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
6.
The difference between total expenditure and total receipts including loans and other liabilities is called
Fiscal deficit
Budget deficit
Primary deficit
Revenue deficit
7.
Who among the following enunciated the concept of single factoral terms of trade?
Jacob Viner
G.S.Donens
Taussig
J.S.Mill
8.
Inflation means
Prices are rising
Prices are falling
Value of money is increasing
Prices are remaining the same
9.
The basic concept used in Keynes Theory of Employment and Income is_____.
Aggregate demand
Aggregate supply
Effective demand
Marginal Propensity Consume
10.
Indicate the fundamental economic activities of an economy
Production and Distribution
Production and Exchange
Production and Consumption
Production and Marketing
1.
(a)
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
2.
(b)
Both A and R are true but R is not the correct explanation of A.
3.
(c)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
4.
(d)
Technical Multiplier
5.
(d)
A is false but R is true
6.
(a)
Fiscal deficit
7.
(a)
Jacob Viner
8.
(a)
Prices are rising
9.
(c)
Effective demand
10.
(c)
Production and Consumption
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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
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