Economics 2026 Question Paper Online Test (12th Standard)

Q1

Who is regarded as the 'Father of Modern Macro Economics'?

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

Q2

Identify the flow variable.

A.Income B.Money supply C.Foreign Exchange reserves D.Assets

Q3

Expansion for NNP is:

A.National Net Provident B.Net National Product C.Net National Provident D.National Net Product

Q4

The sum of MPC and MPS is __________.

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

Q5

Keynes theory emphasized on __________ equilibrium.

A.Very long run B.Very short run C.Long run D.Short run

Q6

The RBI Headquarters is located at __________.

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

Q7

Irving Fisher's Quantity Theory of Money was popularized in __________.

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

Q8

Central Bank is __________ authority of any country.

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

Q9

Once the borrower fails to make Interest or Principal payments for __________ days the loan is considered to be a Non-Performing Asset.

A.60 B.30 C.180 D.90

Q10

In which sector Foreign Direct Investments is not permitted in India?

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

Q11

In India, Economic policy reforms were started in the year:

A.1993 B.1991 C.1994 D.1992

Q12

The other name for Special Drawing Rights is __________.

A.Quotas B.Voluntary Export Restrictions C.Paper gold D.None of the above

Q13

World Bank is having its headquarters at:

A.Vienna B.Washington D.C. C.Geneva D.New York

Q14

GST is equivalence of __________.

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

Q15

The objectives of Fiscal Policy is:

A.Price stability B.Economic growth C.Full employment D.All of the above

Q16

Acid rain is one of the consequences of __________.

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

Q17

Sustainable Development Goals and targets are to be achieved by __________.

A.2040 B.2030 C.2050 D.2035

Q18

Which of the following country adopt Indicative Planning?

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

Q19

The Chairperson of NITI Aayog is __________.

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

Q20

The term regression was first used by:

A.Spearman B.Newton C.Galton D.Pearson

12th Standard Economics March 2026: Online Practice Test

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