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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 - Theories of Employment and Income , 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.
Say’s law stressed the operation of________ in the economy
Induced price mechanism
Automatic price mechanism
Induced demand
Induced investment
2.
In Keynes theory , the demand for and supply of money are determined by ________
Rate of interest
Effective demand
Aggregate demand
Aggregate supply
3.
According to classical theory, rate of interest is a reward for ______.
Investment
Demand
Capital
Saving
4.
Keynes theory emphasized on________ equilibrium
Very short run
Short run
Very long run
Long run
5.
Classical theory advocates_______
Balanced budget
Unbalanced budget
Surplus budget
Deficit budget
6.
In Keynes theory of employment and income, ___________ is the basic cause of economic depression
Less production
More demand
Inelastic supply
Less aggregate demand in relation to productive capacity
7.
Keynes theory pursues to replace laissez faire by ______.
No government intervention
Maximum intervention
State intervention in certain situation
Private sector intervention
8.
Aggregate supply is equal to ___________.
C + I + G
C + S + G + (x - m)
C + S + T + (x - m)
C + S + T + Rf
9.
The component of aggregate demand is__________
Personal demand
Government expenditure
Only export
Only import
10.
The basic concept used in Keynes Theory of Employment and Income is_____.
Aggregate demand
Aggregate supply
Effective demand
Marginal Propensity Consume
11.
________ theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
12.
_________ Flexibility brings equality between saving and investment
Demand
Supply
Capital
Rate of Interest
13.
Keynes attributes unemployment to_______.
A lack of effective supply
A lock of effective demand
A lack of both
None of the above
14.
15.
According to Keynes, which type of unemployment prevails in capitalist economy ?
Full employment
Voluntary unemployment
Involuntary unemployment
Under employment
16.
J.B. Say is a _______.
Neo Classical Economist
Classical Economist
Modern Economist
New Economist
17.
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
18.
In disguised unemployment, the marginal productivity of labour is _________
Zero
One
Two
Positive
19.
Structural unemployment is a feature in a ________.
Static society
Socialist society
Dynamic society
Mixed economy
20.
If every able bodied person who is willing to work at the prevailing wage rate is employed called _______.
Full employment
Under employment
Unemployment
Employment opportunity
1.
(b)
Automatic price mechanism
2.
(a)
Rate of interest
3.
(d)
Saving
4.
(b)
Short run
5.
(a)
Balanced budget
6.
(d)
Less aggregate demand in relation to productive capacity
7.
(c)
State intervention in certain situation
8.
(d)
C + S + T + Rf
9.
(b)
Government expenditure
10.
(c)
Effective demand
11.
(a)
Keynes’
12.
(d)
Rate of Interest
13.
(b)
A lock of effective demand
14.
(c)
15.
(d)
Under employment
16.
(b)
Classical Economist
17.
(b)
Economy is always in the state of equilibrium
18.
(a)
Zero
19.
(c)
Dynamic society
20.
(a)
Full employment
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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
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