Economics 2021 Question Paper Online Test (12th Standard)

Q1

Who will act as the banker to the Government of India ?

A.ICICI B.SBI C.RBI D.NABARD

Q2

Econometric is the word coined by :

A.Karl Pearson B.Francis Galton C.Spearman D.Ragnar Frisch

Q3

The term MEC was introduced by ________.

A.Ricardo B.Adam Smith C.Malthus D.J.M. Keynes

Q4

Which of the following plan has focused on the agriculture and rural economy ?

A.Gandhian Plan B.People's Plan C.Vishveshwaraya Plan D.Bombay Plan

Q5

Aggregate supply is equal to ________.

A.C + S + T + (X − M) B.C + I + G C.C + S + T + Rf D.C + S + G + (X − M)

Q6

Foreign direct investments not permitted in India :

A.Pharmaceutical B.Banking C.Insurance D.Atomic energy

Q7

Which of the following country adopts indicative planning ?

A.Italy B.France C.Russia D.Germany

Q8

The Country following Capitalism is ________.

A.India B.Russia C.China D.America

Q9

The component of aggregate demand is ________.

A.Only export B.Personal demand C.Only import D.Government expenditure

Q10

Trade between two countries is known as ________ Trade.

A.Inter-regional B.External C.Home D.Internal

Q11

Inflation means :

A.Value of money is increasing B.Prices are rising C.Prices are remaining the same D.Prices are falling

Q12

National Income is measured by using ________ methods.

A.Five B.Two C.Four D.Three

Q13

Which of the following is main cause for deforestation ?

A.Soil Stabilization B.Timber harvesting industry C.Climate Stabilization D.Natural afforestation

Q14

The Tax possesses the following Characteristics :

A.No quid pro quo B.Failure to pay is offence C.Compulsory D.All the above

Q15

The 'Father of Socialism' :

A.Adam Smith B.J.M. Keynes C.Samuelson D.Karl Marx

Q16

NABARD was set up in :

A.July 1982 B.July 1962 C.July 1992 D.July 1972

Q17

The relationship between total spending on consumption and the total income is the ________.

A.Investment function B.Consumption function C.Aggregate demand function D.Savings function

Q18

MV stands for ________.

A.Supply of bank money B.Demand for money C.Total supply of money D.Supply of legal tender money

Q19

Per capita income is obtained by dividing the national income by ________.

A.Expenditure B.Production C.GNP D.Population of a Country

Q20

International Monetary Fund was an outcome of ________.

A.Bretton Woods Conference B.Bandung Conference C.Doha Conference D.Dunkel Draft

12th Standard Economics Supplementary 2021: Online Practice Test

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