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Published on: 13/05/2022
QB365 provides detailed and simple solution for every book back questions in class 12 Economics subject.It will helps to get more idea about question pattern in every book back questions with solution.
latest Book back QuestionsDownload 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 Test1.
Long-term plan is also known as_______
Progressive Plans
Non-progressive Plans
Perspective Plans
Non-perspective Plans
2.
The word biotic means environment
living
non-living
physical
None of the above
3.
Consider the following statements and identify the correct ones.
(i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from union list to states.
i only
ii only
both
none
4.
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
5.
International Development Association is an affiliate of
IMF
World Bank
SAARC
ASEAN
6.
Which of the following countries is not a member of SAARC?
Sri Lanka
Japan
Bangladesh
Afghanistan
7.
If there is an imbalance in the trade balance (more imports than exports), it can be reduced by
decreasing customs duties
increasing export duties
stimulating exports
stimulating imports
8.
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
9.
International trade differs from domestic trade because of
Trade restrictions
Immobility of factors
Different government policies
All the above
10.
Central bank is_____ authority of any country.
Monetary
Fiscal
Wage
National Income
11.
NBFI does not have.
Banking license
government approval
Money market approval
Finance ministry approval
12.
_____inflation is in no way dangerous to the economy.
walking
running
creeping
galloping
13.
Paper currency system is managed by the______.
Central Monetary authority
State Government
Central Government
Banks
14.
When investment is assumed autonomous the slope of the AD schedule is determined by the______.
marginal propensity to invest
disposable income
marginal propensity to consume
average propensity to consume
15.
As income increases, consumption will______
fall
not change
fluctuate
increase
16.
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
17.
J.B. Say is a _______.
Neo Classical Economist
Classical Economist
Modern Economist
New Economist
18.
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
19.
Expenditure method is used to estimate national income in_______
Construction sector
Agricultural Sector
Service sector
Banking sector
20.
21.
Identify the economic system where only private ownership of production exists
Capitalistic Economy
Socialistic Economy
Globalisic Economy
Mixed Economy
22.
An economy consists of
consumption sector
Production sector
Government sector
All the above
23.
Identify the other name for Macro Economics.
Price Theory
Income Theory
Market Theory
Micro Theory
24.
Who is regarded as Father of Modern Macro Economics?
Adam Smith
J M Keynes
Ragnar Frisch
Karl Marx
25.
1.
(c)
Perspective Plans
2.
(a)
living
3.
(b)
ii only
4.
(d)
Canon of simplicity
5.
(b)
World Bank
6.
(b)
Japan
7.
(c)
stimulating exports
8.
(b)
Resources are not equally distributed among all trading nations
9.
(d)
All the above
10.
(a)
Monetary
11.
(a)
Banking license
12.
(c)
creeping
13.
(a)
Central Monetary authority
14.
(c)
marginal propensity to consume
15.
(d)
increase
16.
(d)
Less aggregate demand in relation to productive capacity
17.
(b)
Classical Economist
18.
(b)
Economy is always in the state of equilibrium
19.
(a)
Construction sector
20.
(c)
21.
(a)
Capitalistic Economy
22.
(d)
All the above
23.
(b)
Income Theory
24.
(b)
J M Keynes
25.
(c)
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