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Published on: 02/09/2022
QB365 provides a detailed and simple solution for every Possible Book Back Questions in Class 12 Economics Subject - Introduction to Macro Economics , English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
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 Circular Flow Model that represents an open Economy
Two Sector Model
Three Sector Model
Four Sector Model
All the above
2.
Identify the sectors of a Two Sector Model.
Households and Firms
Private and Public
Internal and External
Firms and Government
3.
Identify the flow variable
money supply
assests
income
foreign exchange reserves
4.
Quantity of a commodity accumulated at a point of time is termed as ____________..
production
stock
variable
flow
5.
An economic system where the economic activities of a nation are done both by the private and public together is termed as__________
Capitalistic Economy
Socialistic Economy
Globalisic Economy
Mixed Economy
6.
Identify The Father of Socialism
J M Keynes
Karl Marx
Adam Smith
Samuelson
7.
The country following Capitalism is ________________
Russia
America
India
China
8.
Who is referred as ‘Father of Capitalism’?
Adam Smith
Karl Marx
Thackeray
J M Keynes
9.
Economic system representing equality in distribution is _________.
Capitalism
Globalism
Mixedism
Socialism
10.
Identify the economic system where only private ownership of production exists
Capitalistic Economy
Socialistic Economy
Globalisic Economy
Mixed Economy
11.
An economy consists of
consumption sector
Production sector
Government sector
All the above
12.
Indicate the fundamental economic activities of an economy
Production and Distribution
Production and Exchange
Production and Consumption
Production and Marketing
13.
Identify the necessity of Economic policies
to solve the basic problems
to overcome the obstacles
to achieve growth
all the above
14.
A steady increase in general price level is termed as_____________.
wholesale price index
Business Cycle
Inflation
National Income
15.
16.
Macro economics is a study of_________
individuals
firms
a nation
aggregates
17.
Identify the other name for Macro Economics.
Price Theory
Income Theory
Market Theory
Micro Theory
18.
Who is regarded as Father of Modern Macro Economics?
Adam Smith
J M Keynes
Ragnar Frisch
Karl Marx
19.
20.
The branches of the subject Economics are
Wealth and Welfare
Production and Consumption
Demand and Supply
Micro and Macro
1.
(c)
Four Sector Model
2.
(a)
Households and Firms
3.
(c)
income
4.
(b)
stock
5.
(d)
Mixed Economy
6.
(b)
Karl Marx
7.
(b)
America
8.
(a)
Adam Smith
9.
(d)
Socialism
10.
(a)
Capitalistic Economy
11.
(d)
All the above
12.
(c)
Production and Consumption
13.
(d)
all the above
14.
(c)
Inflation
15.
(b)
16.
(d)
aggregates
17.
(b)
Income Theory
18.
(b)
J M Keynes
19.
(c)
20.
(d)
Micro and Macro
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Tamilnadu Stateboard 12th Standard Subjects

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Physics

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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

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