12th Standard Syllabus & Materials
12th Standard
TN 12th English Poem - 6 - Incident of the French Camp Sample Question Papers Study Material - QB365 Set A
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TN 12th English Prose - 6 - On the Rule of the Road Sample Question Papers Study Material - QB365 Set A
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TN 12th English Prose - 5 - The Chair Sample Question Papers Study Material - QB365 Set A
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TN 12th English Supplementary - 4 - The Midnight Visitor Sample Question Papers Study Material - QB365 Set A
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TN 12th English Poem - 4 - Ulysses Sample Question Papers Study Material - QB365 Set A
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TN 12th English Prose - 4 - The Summit Sample Question Papers Study Material - QB365 Set A

Published on: 06/11/2020
12th Standard Economics Theories of Employment and 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.
In classical theory which of the following is found in the economy
Unemployment
Involuntary unemployment
Less than full employment
Full employment
2.
In classical theory of employment, there is the possibility of:
Voluntary unemployment
No unemployment
Involuntary unemployment
Disguised unemployment
3.
Which of the following is not an assumption of classical theory?
Price flexibility
Unemployment
Say’s law
Neutrality of money
4.
Find the odd one with the context of aggregate demand
Consumption demand
Investment demand
Government expenditure
interest is equilibrating factor
5.
Identify the odd one
David Ricardo
J.M. Keynes
J.S. Mill
J.B. Say
6.
Which of the following economies have the unemployment is purely temporary or cyclical or frictional?
Developed Economies
Underdeveloped economies
Developing economics
None of the above
7.
Keynes book, "The General Theory of Employment, interest and Money" published in ___________.
1932
1930
1933
1936
8.
___________ was set up in July 1982.
ARDC
NABARD
ICICI
Indian Bank
9.
Keynesian theory is based on _____________ equilibrium.
Very short - run equilibrium
Short run - equilibrium
Long run - equilibrium
Very long run - equilibrium
10.
J.B. Say is a __________ economist.
French
British
Dutch
Indian
11.
Capital stock and technological knowledge are given in the ______________
medium run
long run
short run
none of the above
12.
Effective demand equals to ____________
National income
Gross income
Total income
Net income
13.
Every economy in the world aims at attaining the level of _________
Full employment
Unemployment
Seasonal unemployment
Educated unemployment
14.
'Demand creates its own supply' - who said this.
Socialism
Keynesianism
Classicism
Both 'b' and 'c'
15.
Full employment as "that level of employment at which any further increase in spending would resort in an inflationary spiral of wages and prices" who quote this above concept.
J.M. Keynes
Lerner
J.B. Say
All the above
16.
Say’s law stressed the operation of________ in the economy
Induced price mechanism
Automatic price mechanism
Induced demand
Induced investment
17.
Keynes theory pursues to replace laissez faire by ______.
No government intervention
Maximum intervention
State intervention in certain situation
Private sector intervention
18.
The component of aggregate demand is__________
Personal demand
Government expenditure
Only export
Only import
19.
________ theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
20.
Keynes attributes unemployment to_______.
A lack of effective supply
A lock of effective demand
A lack of both
None of the above
1.
(d)
Full employment
2.
(a)
Voluntary unemployment
3.
(b)
Unemployment
4.
(d)
interest is equilibrating factor
5.
(b)
J.M. Keynes
6.
(a)
Developed Economies
7.
(d)
1936
8.
(b)
NABARD
9.
(b)
Short run - equilibrium
10.
(a)
French
11.
(c)
short run
12.
(a)
National income
13.
(a)
Full employment
14.
(b)
Keynesianism
15.
(b)
Lerner
16.
(b)
Automatic price mechanism
17.
(c)
State intervention in certain situation
18.
(b)
Government expenditure
19.
(a)
Keynes’
20.
(b)
A lock of effective demand
12th Standard Syllabus & Materials
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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