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Tamil Nadu State Board · CLASS 12th · Economics

TAMIL NADU STATE BOARD CLASS 12 ECONOMICS 2021

61 questions from this CLASS 12th Economics paper. Log in as a CLASS 12th student to view solutions.

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Q1 mcq 1 mark
Who will act as the banker to the Government of India ?
  • A. ICICI
  • B. SBI
  • C. RBI
  • D. NABARD

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Q2 mcq 1 mark
Econometric is the word coined by :
  • A. Karl Pearson
  • B. Francis Galton
  • C. Spearman
  • D. Ragnar Frisch

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Q3 mcq 1 mark
The term MEC was introduced by __________.
  • A. Ricardo
  • B. Adam Smith
  • C. Malthus
  • D. J.M. Keynes

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Q4 mcq 1 mark
Which of the following plan has focused on the agriculture and rural economy ?
  • A. Gandhian Plan
  • B. People’s Plan
  • C. Vishveshwaraya Plan
  • D. Bombay Plan

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Q5 mcq 1 mark
Aggregate supply is equal to __________.
  • A. C+S+T+(X-M)
  • B. C+I+G
  • C. C+S+T+Rf
  • D. C+S+G+(X-M)

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Q6 mcq 1 mark
Foreign direct investments not permitted in India :
  • A. Pharmaceutical
  • B. Banking
  • C. Insurance
  • D. Atomic energy

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Q7 mcq 1 mark
Which of the following country adopts indicative planning ?
  • A. Italy
  • B. France
  • C. Russia
  • D. Germany

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Q8 mcq 1 mark
The Country following Capitalism is __________.
  • A. India
  • B. Russia
  • C. China
  • D. America

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Q9 mcq 1 mark
The component of aggregate demand is __________.
  • A. Only export
  • B. Personal demand
  • C. Only import
  • D. Government expenditure

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Q10 mcq 1 mark
Trade between two countries is known as __________ Trade.
  • A. Inter-regional
  • B. External
  • C. Home
  • D. Internal

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Q11 mcq 1 mark
Inflation means :
  • A. Value of money is increasing
  • B. Prices are rising
  • C. Prices are remaining the same
  • D. Prices are falling

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Q12 mcq 1 mark
National Income is measured by using __________ methods.
  • A. Five
  • B. Two
  • C. Four
  • D. Three

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Q13 mcq 1 mark
Which of the following is main cause for deforestation ?
  • A. Soil Stabilization
  • B. Timber harvesting industry
  • C. Climate Stabilization
  • D. Natural afforestation

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Q14 mcq 1 mark
The Tax possesses the following Characteristics :
  • A. No quid pro quo
  • B. Failure to pay is offence
  • C. Compulsory
  • D. All the above

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Q15 mcq 1 mark
The ‘Father of Socialism’ :
  • A. Adam Smith
  • B. J.M. Keynes
  • C. Samuelson
  • D. Karl Marx

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Q16 mcq 1 mark
NABARD was set up in :
  • A. July 1982
  • B. July 1962
  • C. July 1992
  • D. July 1972

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Q17 mcq 1 mark
The relationship between total spending on consumption and the total income is the __________.
  • A. Investment function
  • B. Consumption function
  • C. Aggregate demand function
  • D. Savings function

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Q18 mcq 1 mark
MV stands for __________.
  • A. Supply of bank money
  • B. Demand for money
  • C. Total supply of money
  • D. Supply of legal tender money

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Q19 mcq 1 mark
Per capita income is obtained by dividing the national income by __________.
  • A. Expenditure
  • B. Production
  • C. GNP
  • D. Population of a Country

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Q20 mcq 1 mark
International Monetary Fund was an outcome of __________.
  • A. Bretton Woods Conference
  • B. Pandung Conference
  • C. Doha Conference
  • D. Dunkel Draft

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Q21 short answer 2 marks
Give short note on frictional unemployment.

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Q22 short answer 2 marks
Define Accelerator.

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Q23 short answer 2 marks
What is Cash Reserve Ratio (CRR) ?

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Q24 short answer 2 marks
Define Central Bank (RBI).

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Q25 short answer 2 marks
What is meant by Exchange Rate ?

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Q26 short answer 2 marks
Write the meaning of Special Drawing Rights.

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Q27 short answer 2 marks
Write different types of Pollution.

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Q28 short answer 2 marks
Define economic planning.

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Q29 short answer 2 marks
Define Correlation.

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Q30 short answer 2 marks
What are the components of GST ?

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Q31 long answer 3 marks
Outline the major merits of Capitalism.

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Q32 long answer 3 marks
Define GDP Deflator.

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Q33 long answer 3 marks
Write short note on the implications of Say’s Law.

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Q34 long answer 3 marks
What do you mean by propensity to consume ?

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Q35 long answer 3 marks
Specify the objectives of Econometrics.

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Q36 long answer 3 marks
Distinguish between Balance of Trade and Balance of Payment.

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Q37 long answer 3 marks
Write the agenda of BRICS Summit 2018.

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Q38 long answer 3 marks
Describe the case for planning.

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Q39 long answer 3 marks
What are the determinants of money supply ?

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Q40 long answer 3 marks
State the meaning of e-Waste.

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Q41 long answer 5 marks
(a)Bring out the functions of World Bank.

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Q42 long answer 5 marks
(b)Describe the functions of Reserve Bank of India.

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Q43 long answer 5 marks
(a)Describe Canons of Taxation.

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Q44 long answer 5 marks
(b)Describe the types of unemployment.

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Q45 long answer 5 marks
(a)Explain the short-run factors of marginal efficiency of capital.

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Q46 long answer 5 marks
(b)State and explain the instruments of fiscal policy.

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Q47 long answer 5 marks
(a)Illustrate Irving Fisher’s Quantity Theory of Money.

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Q48 long answer 5 marks
(b)What are the functions of NABARD ?

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Q49 long answer 5 marks
(a)State any eight advantages of Foreign Direct Investment.

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Q50 long answer 5 marks
(b)Compare the feature among Capitalism, Socialism and Mixedism.

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Q51 long answer 5 marks
(a)Describe the methods of measuring National Income.

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Q52 long answer 5 marks
(b)Explain the various types of noise pollution, write any three remedial measures to control it.

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Q53 long answer 5 marks
(a)Bring out the arguments against planning.

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Q54 long answer 5 marks
(b)Calculate the standard deviation for the following data by assumed mean method : 43, 48, 65, 57, 31, 60, 37, 48, 78, 59.

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Q55 long answer 5 marks
(a)Bring out the functions of World Bank. OR (b)Describe the functions of Reserve Bank of India.

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Q56 long answer 5 marks
(a)Describe Canons of Taxation. OR (b)Describe the types of unemployment.

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Q57 long answer 5 marks
(a)Explain the short-run factors of marginal efficiency of capital. OR (b)State and explain the instruments of fiscal policy.

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Q58 long answer 5 marks
(a)Illustrate Irving Fisher’s Quantity Theory of Money. OR (b)What are the functions of NABARD ?

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Q59 long answer 5 marks
(a)State any eight advantages of Foreign Direct Investment. OR (b)Compare the feature among Capitalism, Socialism and Mix edism.

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Q60 long answer 5 marks
(a)Describe the methods of measuring National Income. OR (b)Explain the various types of noise pollution, write any three remedial measures to control it.

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Q61 long answer 5 marks
(a)Bring out the arguments against planning. OR (b)Calculate the standard deviation for the following data by assumed mean method : 43, 48, 65, 57, 31, 60, 37, 48, 78, 59.

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