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Published on: 13/05/2022
QB365 provides detailed and simple solution for every Creative Questions in class 12 Economics Subject. It will helps to get more idea about question pattern in every Creative questions with solution.
latest Creative 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.
The Paytm Payments Bank is a separate entity in which founder Vijay Shekhar Sharma will hold _______?
51% share
50% share
41% share
25% share
2.
The Contractionary monetary policy is _____, which maintains short term interest rates higher than usual or which slows the rate of growth in the money supply or even shrinks it.
dear money policy
federal policy
fiscal policy
monetary policy
3.
______ is the macroeconomic policy being laid down by the Central Bank towards the management of money supply and interest ratee
Narrow Money Policy
Dear Money Policy
Fiscal Policy
Monetary Policy
4.
Expand NABARD
National Bank for Agriculture and Regional Development
National Bank for Agriculture and Restructure Development
National Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Department
5.
Variable Cash Reserve Ratio as an objective of monetary policy was first suggested by _____
J.R. Hicks
J.M. Keynes
J.S. Mill
J.A. Schumpeter
6.
Who is “Lender of Last Resort”?
World Bank
Government
RBI
Private Bank
7.
The NBFIs do not carry on pure _____ business, but they will carry on other financial transactions
banking
financing
cooperating
none of the above
8.
_____ insists the banks to maintain a ratio between the total deposits they create and the cash in their possession.
New Bank of India
Central Bank
Development Bank
Federal Bank
9.
Find the suitable match: Commercial banks act as agents of customers by performing various functions.
Primary Function
Secondary Function
Other Function
None of the above
10.
Identify the odd one.
Bank of Imperial (1921)
Bank of Bengal (1809)
Bank of Bombay (1840)
Bank of Madras (1843)
11.
Which had sprung from a private bank established in 1656 is the oldest central bank in the world?
The Ricks Banks of Sweden
The Ricks Banks of Spain
The Royal Banks of Switzerland
The Ricks Board of Sweden
12.
Match the correct codes
| 1 | MV = PT | i | Fisher’s Quantity Theory of Money: |
| 2 | Revised equation of fisher | ii | PT = MV + M1V1 |
| 3 | Marshall’s Equation | iii | M = KPY |
| 4 | Keynes equation | iv | n = pk (or) p = n / k |
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
13.
Demand pull inflation results from
demand for government spending on public goods goes down due to lack of financial backup through tax collection
consumer, business, and government demand for goods and services in excess of an economy's capacity to produce.
a shortage of demand for good and services in excess of supply during depression
demand for public goods is greater than demand for consumer goods
14.
________ is the monetary authority of the country.
Central bank
RBI
SBI
Both 'a' and 'b'
15.
_________ Bank is an institutions that provides accepting deposits and providing loans to the public.
RBI
Commercial
(a) and (b)
Financial Institution
16.
ATM's transformed the bank tech system when they were first introduced in _________
1960
1966
1963
1967
17.
Primary deposits are also called as ________.
passive deposits
fixed deposit
time deposit
both 'a' and 'b'
18.
Finance is the life blood of all economic activities such as________
trade
commerce
agriculture
all the above
19.
Credit creation means the________
Multiplication of loans and advances
Money supply
Letter of credit
All the above
20.
A large number of central banks were established between______
1911 - 1940
1921 - 1954
1940 - 1960
1933 - 1954
21.
________ is a combination of both capitalism and socialism.
Socialistic economy
Capitalistic economy
Traditional economy
Mixed economy
22.
_________ sector sells the entire output to house holds.
Firm
House hold
Government
Foreign trade
23.
Combination of both capitalism and socialism ________.
Capitalist Economy
Traditional Economy
Mixed Economy
Socialist Economy
24.
Father of socialism _________.
Adamsmith
J.M. Keynes
Karl Marx
J.R. Hicks
25.
Macro economics is also known as __________.
Price theory
Income theory
Business cycle
Poverty and unemployment
1.
(a)
51% share
2.
(a)
dear money policy
3.
(d)
Monetary Policy
4.
(c)
National Bank for Agriculture and Rural Development
5.
(b)
J.M. Keynes
6.
(c)
RBI
7.
(a)
banking
8.
(b)
Central Bank
9.
(b)
Secondary Function
10.
(a)
Bank of Imperial (1921)
11.
(a)
The Ricks Banks of Sweden
12.
(a)
(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
13.
(b)
consumer, business, and government demand for goods and services in excess of an economy's capacity to produce.
14.
(d)
Both 'a' and 'b'
15.
(b)
Commercial
16.
(d)
1967
17.
(a)
passive deposits
18.
(d)
all the above
19.
(a)
Multiplication of loans and advances
20.
(b)
1921 - 1954
21.
(d)
Mixed economy
22.
(a)
Firm
23.
(c)
Mixed Economy
24.
(c)
Karl Marx
25.
(b)
Income theory
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