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Published on: 03/06/2021
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.
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 Test1.
The term Uiis introduced for the representation of
Omitted Variable
Standard error
Bias
Discrete Variable
2.
The term Uiin regression equation is
Residuals
Standard error
Stochastic error term
None
3.
The raw materials of Econometrics are:
Data
Goods
Statistics
Mathematics
4.
A measure of the strength of the linear relationship that exists between two variables is called:
Slope
Intercept
Correlation coefficient
Regression equation
5.
6.
Perspective plan is also known as______
Short-term plan
Medium-term plan
Long-term plan
None of the above
7.
Which among the following is a characteristic of underdevelopment?
Vicious circle of poverty
Rising mass consumption
Growth of Industries
High rate of urbanization
8.
The process of nutrient enrichment is termed as
Eutrophication
Limiting nutrients
Enrichment
Schistosomiasis
9.
Ecosystem is smallest unit of
Ionosphere
Lithosphere
Biosphere
Mesosphere
10.
Consider the following statements and identify the right ones.
(i) The finance commission is appointed by the President
(ii) The tenure of Finance commission is five years
i only
ii only
both
none
11.
GST is equivalence of
Sales tax
Corporation tax
Income tax
Local tax
12.
13.
ASEAN meetings are held once in every _______ years
2
3
4
5
14.
Which of the following is not an example of foreign direct investment?
the construction of a new auto assembly plant overseas
the acquisition of an existing steel mill overseas
the purchase of bonds or stock issued by a textile company overseas
the creation of a wholly owned business firm overseas
15.
Cyclical disequilibrium in BOP occurs because of
Different paths of business cycle.
The income elasticity of demand or price elasticity of demand is different.
long-run changes in an economy
Both (a) and (b)
16.
Who among the following enunciated the concept of single factoral terms of trade?
Jacob Viner
G.S.Donens
Taussig
J.S.Mill
17.
18.
19.
ARDC started functioning from
June 3, 1963
July 3, 1963
June 1, 1963
July 1, 1963
20.
When prices rise slowly, we call it
galloping inflation
mild inflation
hyper inflation
deflation
21.
Irving Fisher’s Quantity Theory of Money was popularized in
1908
1910
1911
1914
22.
The relationship between total spending on consumption and the total income is the_______.
Consumption function
Savings function
Investment function
aggregate demand function
23.
The MPC is equal to :
Total spending / total consumption
Total consumption / total income
Change in consumption / change in income
none of the above
24.
Keynes theory pursues to replace laissez faire by ______.
No government intervention
Maximum intervention
State intervention in certain situation
Private sector intervention
25.
Aggregate supply is equal to ___________.
C + I + G
C + S + G + (x - m)
C + S + T + (x - m)
C + S + T + Rf
1.
(a)
Omitted Variable
2.
(c)
Stochastic error term
3.
(a)
Data
4.
(c)
Correlation coefficient
5.
(a)
6.
(c)
Long-term plan
7.
(a)
Vicious circle of poverty
8.
(a)
Eutrophication
9.
(c)
Biosphere
10.
(c)
both
11.
(a)
Sales tax
12.
(a)
13.
(b)
3
14.
(c)
the purchase of bonds or stock issued by a textile company overseas
15.
(d)
Both (a) and (b)
16.
(a)
Jacob Viner
17.
(a)
18.
(c)
19.
(d)
July 1, 1963
20.
(b)
mild inflation
21.
(c)
1911
22.
(a)
Consumption function
23.
(c)
Change in consumption / change in income
24.
(c)
State intervention in certain situation
25.
(d)
C + S + T + Rf
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Tamilnadu Stateboard 12th Standard Subjects
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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
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