12th Standard Syllabus & Materials
12th Standard
TN 12th Computer Applications மின்னணு தரவு பரிமாற்றம் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications மின் - வணிக பாதுகாப்பு அமைப்புகள் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications மின்னணு செலுத்தல் முறைகள் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications மின் - வணிகம் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications திறந்த மூல கருத்துருக்கள் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications வலையமைப்பு வடமிடல் Sample Question Papers Study Material - QB365 Set A
Published on: 06/11/2020
12th Standard Economics International Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021
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 factor endowment model of international trade was developed by
Adam Smith
David Ricardo
John Stuart Mill
Eli Heckscher and Bertil Ohlin
2.
In the classical model of Ricardo, the direction of trade is determined by:
absolute advantage
comparative advantage
physical advantage
which way the wind blows
3.
With international trade, what would be the maximum number of DVDs that India would be willing to export to China in exchange for each ton of steel
| Country | Tons of steel | DVDs |
| China | 80 | 40 |
| India | 20 | 20 |
One DVD
Two DVDs
Three DVDs
Four DVDs
4.
According to the principle of absolute advantage; India should
| Country | Tons of steel | DVDs |
| China | 80 | 40 |
| India | 20 | 20 |
Export steel
Export DVDs
Export steel and DVDs
There is no basis for gainful specialization and trade
5.
If a nation has an open economy it means that the nation
Allows private ownership of capital
Has flexible exchange rates
Has fixed exchange rates
Conducts trade with other countries
6.
The trade balance of a country is represented by
the difference between imports and exports
the total imports and exports
the report between imports and exports
the difference between income and expenditure
7.
Suppose the exchange rate between Indian Currency and US Dollar is Rs.1= $ 65. If it changes to Rs.1 = $ 55, the value of which currency increased and decreased?
both currency value will increase
both currency value will decrease
Indian currency value will increase and US Dollar Value will decrease
Indian currency value will decrease and US Dollar Value will increase
8.
Find the incorrect one with respect to Indian rupee devaluation
On 29th September, 1949
On 6th June, 1966
On 1st July, 1991
On 9st August, 1990
9.
The principal items on the __________ include imports of goods and services, transfer payments to foreigners, lending to foreign countries.
BoT side
debite side
credit side
BoP side
10.
Find the incorrect representation. Net Barter Terms of TradeTn= (Px / Pm) x 100
Tn = Net Barter Terms of Trade
Px = Index number of export prices
Pm = Index number of import prices
Tn = Gross Barter Terms of Trade
11.
Find the missing flow of concept of H-O Theorem. Abundance of skilled labour → specialisation → ………?……..→ exchange for goods are services produced by countries with abundance of unskilled labour
import
export
devaluation
factor endowment
12.
Which of the following is not an another term used for Internal Trade?
‘domestic trade’
‘home trade’
‘external trade'
‘intra-regional trade’
13.
A country's _________ also determines the exchange rate.
Terms of trade
Trade
Policy issue
Internal trade
14.
_________ is one of the types of BoP disequilibrium.
Income terms of trade
Devaluation
Structural
FDI
15.
_______ means value of exports is more than that of imports.
Unfavorable trade
International trade
Favorable trade
External trade
16.
International trade was developed by
Adam Smith and Ricardo
Eli Heckscher and Bertil Ohlin
Ricardo and A.C. Pigou
Adam Smith and Ohlin
17.
Absolute Cost Advantage was developed by
Adam Smith
Ricardo
T.R.Hicks
Doltan
18.
Benefits of FDI include, theoretically
Boost in Economic Growth
Increase in the import and export of goods and services
Increased employment and skill levels
All of these
19.
20.
Terms of Trade of a country show __________.
Ratio of goods exported and imported
Ratio of import duties
Ratio of prices of exports and imports
Both (a) and (c)
1.
(d)
Eli Heckscher and Bertil Ohlin
2.
(b)
comparative advantage
3.
(a)
One DVD
4.
(d)
There is no basis for gainful specialization and trade
5.
(d)
Conducts trade with other countries
6.
(a)
the difference between imports and exports
7.
(c)
Indian currency value will increase and US Dollar Value will decrease
8.
(d)
On 9st August, 1990
9.
(b)
debite side
10.
(d)
Tn = Gross Barter Terms of Trade
11.
(b)
export
12.
(c)
‘external trade'
13.
(a)
Terms of trade
14.
(c)
Structural
15.
(c)
Favorable trade
16.
(b)
Eli Heckscher and Bertil Ohlin
17.
(a)
Adam Smith
18.
(d)
All of these
19.
(d)
20.
(c)
Ratio of prices of exports and imports
12th Standard Syllabus & Materials
12th Standard
TN 12th Computer Applications களப்பெயர் முறைமை (DNS) Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications வலையமைப்பு எடுத்துக்காட்டுகள் மற்றும் நெறிமுறைகள் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications கணினி வலையமைப்பு ஓர் அறிமுகம் Sample Question Papers Study Material - QB365 Set A
NEW12th Standard
TN 12th Computer Applications PHP-உடன் MySQL-ஐ இணைத்தல் Sample Question Papers Study Material - QB365 Set A
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
