Economics 2023 Question Paper Online Test (12th Standard)

Q1

Finance Commission determines :

A.The resources transfer to the States B.The resources transfer to the various departments C.The finances of Government of India D.None of the above

Q2

Expansion of NITI Aayog :

A.National Institute for Tomorrow's India B.National Institute for Transport in India C.National Institution for Transforming India D.National Institute for Trade in India

Q3

According to Classical theory, rate of interest is a reward for ________.

A.Capital B.Investment C.Saving D.Demand

Q4

Which of the following is not an example of Foreign Direct Investment ?

A.the purchase of bonds or stock issued by a textile company overseas. B.the construction of a new auto assembly plant overseas. C.the creation of a wholly owned business firm overseas. D.the acquisition of an existing steel mill overseas.

Q5

PQLI is the indicator of ________.

A.Economic progress B.Economic growth C.Economic development D.Economic welfare

Q6

The other name for "Macro Economics" is :

A.Market Theory B.Price Theory C.Micro Theory D.Income Theory

Q7

Method of Repayment of Public Debt is ________.

A.Sinking Fund B.Terminal Annuity C.Conversion of Loans D.All of the above

Q8

The core of the Classical theory of employment is ________.

A.Law of Markets B.Law of Diminishing Return C.Law of Consumption D.Law of Demand

Q9

The country following Capitalism is ________.

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

Q10

The study of alternating fluctuations in business activity is referred to in Economics as :

A.Recovery B.Boom C.Trade cycle D.Recession

Q11

The word 'Statistics' is used as ________.

A.Plural B.Singular and Plural C.Singular D.None of the above

Q12

In 2016, Demonetization of currency includes denominations of ________.

A.₹ 1000 and ₹ 2000 B.₹ 200 and ₹ 500 C.₹ 500 and ₹ 1000 D.All the above

Q13

The Multiplier is calculated as ________.

A.1/(1 − MPC) B.1/MPS C.1/MPC D.(a) and (b)

Q14

Environmental goods are ________.

A.Market goods B.Non-market goods C.Both (a) and (b) D.None of the above

Q15

MV stands for :

A.Supply of Bank money B.Demand for money C.Total Supply of money D.Supply of Legal Tender money

Q16

BENELUX is a form of :

A.Common Market B.Free trade area C.Customs Union D.Economic Union

Q17

IBRD is otherwise called as :

A.ASEAN B.International Monetary Fund C.International Finance Corporation D.World Bank

Q18

The basic philosophy behind long-term planning is to bring ________ changes in the economy.

A.Industrial B.Financial C.Structural D.Agricultural

Q19

Sustainable Development Goals and Targets are to be achieved by :

A.2030 B.2020 C.2050 D.2025

Q20

The Agricultural Refinance Development Corporation started functioning from :

A.June 1, 1963 B.June 3, 1963 C.July 1, 1963 D.July 3, 1963

12th Standard Economics March 2023: Online Practice Test

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