Economics 2024 Question Paper Online Test (12th Standard)

Q1

The sum of the MPC and MPS is :

A.0.1 B.1 C.1.1 D.2

Q2

GST is equivalence of :

A.Income tax B.Sales tax C.Local tax D.Corporation tax

Q3

Structural unemployment is a feature in a __________.

A.Dynamic society B.Static society C.Mixed economy D.Socialist society

Q4

Identify the economic system, where only private ownership of production exists.

A.Globalist Economy B.Capitalist Economy C.Mixed Economy D.Socialist Economy

Q5

If the values of two variables move in the same direction, it is said to be __________ correlation.

A.multiple B.negative C.simple D.positive

Q6

Foreign Direct Investments not permitted in India is :

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

Q7

Central Bank is __________ authority of any country.

A.Wage B.Monetary C.National Income D.Fiscal

Q8

Inflation means :

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

Q9

The average propensity to consume is measured by :

A.Y/C B.C/Y C.C+Y D.CY

Q10

Which of the following does not come under 'Six dialogue partners' of ASEAN ?

A.India B.China C.North Korea D.Japan

Q11

Planning Commission was set up in the year __________.

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

Q12

Hearing loss is the effect of __________ pollution.

A.water B.noise C.land D.air

Q13

Who is regarded as "Father of Modern Macro Economics" ?

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

Q14

Exchange rates are determined in :

A.Stock market B.Money market C.Capital market D.Foreign Exchange market

Q15

Income method is measured by summing up of all forms of __________.

A.Expenditure B.Production C.Income D.Taxes

Q16

Econometrics is the word coined by :

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

Q17

The other name for Special Drawing Rights is :

A.Voluntary export restrictions B.Paper gold C.Patents D.Quotas

Q18

Short-term plan is also known as __________.

A.Rolling plans B.Controlling plans C.De-rolling plans D.De-controlling plans

Q19

__________ flexibility brings equality between savings and investment.

A.Capital B.Demand C.Rate of Interest D.Supply

Q20

Irving Fisher's Quantity Theory of Money was popularized in :

A.1911 B.1908 C.1914 D.1910

12th Standard Economics March 2024: Online Practice Test

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