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Published on: 06/11/2020
12th Standard Economics National Income 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.
________refers to saving an investment activities?
Firm sector
Household sector
Capital sector
Corporate sector
2.
Given the equation, which of the following is wrong? Y = w + r + i + π + (R-P)
w = wages
r = rent
i = interest
π = income
3.
Disposable Income is also known as _________?
Disposable private income
Disposable personal income
Deductible personal income
None of the above
4.
____________means the total money value of all final goods and services produced in a country during a particular period of time.
State Revenue
National Income
Local Expenditure
International Income
5.
__________ is measured by using three method.
National Income
Domestic Income
Per capita Income
Personal Income
6.
In _______ method, the measures of GDP are calculated for adding total value of output produced by all activities during a year.
Expenditure
Income
Product
All the above
7.
The income method of calculating national income includes the income of the _________
farmers only
businessmen only
service sector only
factors of production
8.
National income as commonly understood by every one refers to________.
GNP
NNP
GDP
NDP
9.
Income earned through illegal activities are __________.
gambling and smuggling
illicit extraction of liquor
gambling
All of these
10.
______ income is never equal to the national income.
Disposal Income
Percapita Income
Personal Income
GDP Deflate
11.
Goods and services produced in a year to satisfy immediate wants is known as ________.
Production
Consumption
Distribution
Exchange
12.
Nobel laureate Smimon Kuznets introduced the first concept of _________
Percapita Income
National Income
Domestic Income
Personal Income
13.
A country which has no economic relations with other countries in termed as
Open economy
Closed economy
Planned economy
Command economy
14.
GDP stands for
Gross Domestic Product
Gross Direct Product
Gross Domestic Provident
Gross Derived Product
15.
The largest proportion of national income comes from___________
Private sector
Local sector
Public sector
None of the above
16.
The average income of the country is________
Personal Income
Per capita income
Inflation Rate
Disposal Income
17.
__________ is deducted from gross value to get the net value
Income
Depreciation
Expenditure
Value of final goods
18.
National income is a measure of the__________ performance of an economy
Industrial
Agricultural
Economic
Consumption
19.
Expenditure method is used to estimate national income in_______
Construction sector
Agricultural Sector
Service sector
Banking sector
20.
1.
(c)
Capital sector
2.
(a)
w = wages
3.
(b)
Disposable personal income
4.
(a)
State Revenue
5.
(a)
National Income
6.
(c)
Product
7.
(a)
farmers only
8.
(b)
NNP
9.
(d)
All of these
10.
(c)
Personal Income
11.
(b)
Consumption
12.
(b)
National Income
13.
(b)
Closed economy
14.
(a)
Gross Domestic Product
15.
(a)
Private sector
16.
(b)
Per capita income
17.
(b)
Depreciation
18.
(c)
Economic
19.
(a)
Construction sector
20.
(c)
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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