Economics 2022 Question Paper Online Test (12th Standard)

Q1

Planning Commission was set up in the year :

A.1947 B.1950 C.1948 D.1951

Q2

Favourable trade means value of exports are ________ than that of Imports.

A.more or less equal B.more C.equal D.less

Q3

Mild Inflation is also known as ________.

A.Creeping Inflation B.Walking Inflation C.Galloping Inflation D.Running Inflation

Q4

The RBI Headquarters is located at :

A.Mumbai B.Delhi C.Bengaluru D.Chennai

Q5

Indicate the contribution of J.M. Keynes to Economics :

A.Capital B.Wealth of Nations C.Public Finance D.General Theory

Q6

The Average Propensity to consume is measured by :

A.Y/C B.C/Y C.C+Y D.C×Y

Q7

Sources of Secondary data are ________.

A.Published sources B.Unpublished sources C.Neither published nor unpublished sources D.Both (a) and (b)

Q8

J.B. Say is a ________.

A.Modern Economist B.Neo Classical Economist C.New Economist D.Classical Economist

Q9

Acid rain is one of the consequences of ________.

A.Land pollution B.Air pollution C.Noise pollution D.Water pollution

Q10

The term MEC was introduced by :

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

Q11

A Commercial Bank is an Institution that provides services :

A.Accepting deposits B.Providing loans C.Both (a) and (b) D.None of the above

Q12

GDP deflator = ________.

A.\(\frac{\text{Nominal NDP}}{\text{Real NDP}} \times 100\) B.\(\frac{\text{Nominal GNP}}{\text{Real GNP}} \times 100\) C.\(\frac{\text{Nominal NNP}}{\text{Real NNP}} \times 100\) D.\(\frac{\text{Nominal GDP}}{\text{Real GDP}} \times 100\)

Q13

Per capita Income is obtained by dividing the National Income by :

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

Q14

Say's law of Market assumes :

A.Short-run analysis B.Full employment C.Imperfect competition D.Under employment

Q15

Trade between two countries is known as ________.

A.Internal trade B.Home trade C.External trade D.None of the above

Q16

New Development Bank is associated with :

A.SAARC B.BRICS C.ASEAN D.WTO

Q17

The branches of the subject Economics is :

A.Demand and Supply B.Wealth and Welfare C.Micro and Macro D.Production and Consumption

Q18

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

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

Q19

The Modern State is :

A.Welfare state B.Laissez-faire state C.Police state D.Aristocratic state

Q20

The Chairperson of NITI Aayog is ________.

A.Vice-president B.Prime Minister C.Finance Minister D.President

12th Standard Economics May 2022: Online Practice Test

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