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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 Six
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: Aggregate demand curve increases at an increasing rate in the beginning and then increases at a decreasing rate.
Reason: Aggregate demand shows that as income increases owing to increase in employment, expenditure of the economy increases at a decreasing rate.
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.
Match the correct codes
| 1 | Simon Kuznets | i | Creator of GDP |
| 2. | Disposal income | ii | consumption +saving |
| 3. | NNP at factor cost | iii | NNP at Market prices – Indirect taxes + Subsidies |
| 4. | Y | iv | w + r + i + π + (R-P) |
(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)
3.
How many models of circular flow of economy are there?
One
Three
Five
Two
4.
Head quarters of BRICS is in
Shanghai
India
Sri lanka
Bhutan
5.
GDP indicates productive capacity for an ______.
economy
employment
income
population
6.
Non-interference of the state is a characteristic features of the ___________.
Socialist Economy
Capitalist Economy
Traditional Economy
Command Economy
7.
The term Uiin regression equation is
Residuals
Standard error
Stochastic error term
None
8.
Which of the following is the anticipated effect of Global warming?
Rising sea levels
Changing precipitation
Expansion of deserts
All of the above
9.
The sum of the MPC and MPS is________.
1
2
0.1
1.1
10.
________ theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
1.
(a)
Both (A) and (R) are true and (R) is the correct explanation of (A)
2.
(d)
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
3.
(b)
Three
4.
(a)
Shanghai
5.
(a)
economy
6.
(b)
Capitalist Economy
7.
(c)
Stochastic error term
8.
(b)
Changing precipitation
9.
(a)
1
10.
(a)
Keynes’
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