12th Standard Syllabus & Materials
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Published on: 26/08/2020
12th Standard Economics English Medium Model 1 Mark Book Back Questions (New Syllabus) 2020
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 raw materials of Econometrics are:
Data
Goods
Statistics
Mathematics
2.
If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be:
Perfect positive
Perfect negative
Negative
Zero
3.
4.
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)
5.
6.
One of the most important market failures is caused by __________
Positive externalities
Negative externalities
Both
None of the above
7.
The word budget has been derived from the French word "bougette" which means
A small bag
An empty box
A box with papers
None of the above
8.
Which of the following canons of taxation was not listed by Adam smith?
Canon of equality
Canon of certainty
Canon of convenience
Canon of simplicity
9.
The term BRIC was coined in
2001
2005
2008
2010
10.
International Monetary Fund is having its headquarters at
Washington D.C.
New York
Vienna
Geneva
11.
12.
In general, a primary reason why nations conduct international trade is because
Some nations prefer to produce one thing while others produce another
Resources are not equally distributed among all trading nations
Trade enhances opportunities to accumulate profits
Interest rates are not identical in all trading nations
13.
EXIM bank was established in.
June 1982
April 1982
May 1982
March 1982
14.
Bank credit refers to
Bank Loans
Advances
Bank loans and advances
Borrowings
15.
_____inflation is in no way dangerous to the economy.
walking
running
creeping
galloping
16.
Inflation means
Prices are rising
Prices are falling
Value of money is increasing
Prices are remaining the same
17.
As income increases, consumption will______
fall
not change
fluctuate
increase
18.
The average propensity to consume is measured by _____.
C/Y
CxY
Y/C
C+Y
19.
________ theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
20.
The main concern of the Classical Economic Theory is _______.
Under employment
Economy is always in the state of equilibrium
Demand creates its supply
Imperfect competition
21.
The financial year in India is__________
April 1 to March 31
March 1 to April 30
March 1 to March 16
January 1 to December 31
22.
National income is a measure of the__________ performance of an economy
Industrial
Agricultural
Economic
Consumption
23.
Identify the necessity of Economic policies
to solve the basic problems
to overcome the obstacles
to achieve growth
all the above
1.
(a)
Data
2.
(c)
Negative
3.
(d)
4.
(b)
(iv) (iii) (ii) (i)
5.
(d)
6.
(b)
Negative externalities
7.
(a)
A small bag
8.
(d)
Canon of simplicity
9.
(a)
2001
10.
(a)
Washington D.C.
11.
(d)
12.
(b)
Resources are not equally distributed among all trading nations
13.
(d)
March 1982
14.
(c)
Bank loans and advances
15.
(c)
creeping
16.
(a)
Prices are rising
17.
(d)
increase
18.
(a)
C/Y
19.
(a)
Keynes’
20.
(b)
Economy is always in the state of equilibrium
21.
(a)
April 1 to March 31
22.
(c)
Economic
23.
(d)
all the above
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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