Economics 2025 Question Paper Online Test (12th Standard)

Q1

If the MPC is 0.5, the value of multiplier is __________.

A.0.2 B.2 C.20 D.1/2

Q2

The data collected by questionnaires are __________.

A.Published data B.Primary data C.Grouped data D.Secondary data

Q3

Which of the following is a direct tax ?

A.Income tax B.Excise duty C.Service tax D.Customs duty

Q4

When the prices rise slowly, we call it as :

A.deflation B.galloping inflation C.mild inflation D.hyper inflation

Q5

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

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

Q6

"Protection of the Environment Operations Act" was set up in __________.

A.1999 B.1997 C.1996 D.1998

Q7

Expansion of NITI Aayog :

A.National Institution to Transform India B.National Institute of Transport India C.National Institution for Transforming India D.National Institute for Trade in India

Q8

Which of the following is a Modern theory of International Trade ?

A.Comparative cost B.Absolute cost C.Factor Endowment theory D.None of these

Q9

The value of multiplier is __________.

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

Q10

Alkali Soils are predominantly located in the __________ plains.

A.North-Indian B.Gangetic C.Indus-Ganga D.All the above

Q11

Who coined the word 'Macro' ?

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

Q12

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

A.Gandhian plan B.People's plan C.Vishveshwarayya plan D.Bombay plan

Q13

Primary Deficit (PD) = __________.

A.Total Expenditure − Total Revenue B.Fiscal Deficit − Interest Payment C.Total Revenue Expenditure − Total Revenue Receipts D.Budget Deficit − Government Market borrowings and liabilities

Q14

2016 Demonetization of currency includes denominations of :

A.₹ 500 and ₹ 1000 B.₹ 200 and ₹ 500 C.₹ 1000 and ₹ 2000 D.Both (a) and (b)

Q15

The core of the classical theory of employment is __________.

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

Q16

International Monetary Fund was an outcome of __________.

A.Bretton Woods Conference B.Bandung Conference C.Singapore Conference D.Doha Conference

Q17

Primary sector is __________.

A.Construction B.Trade C.Industry D.Agriculture

Q18

Components of Balance of Payments of a country include the :

A.Official Settlement account B.Capital account C.Current account D.All of the above

Q19

SAARC meets once in __________ years.

A.2 B.5 C.3 D.4

Q20

NABARD was started in __________.

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

12th Standard Economics March 2025: Online Practice Test

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