S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

ECONOMICS – 12TH STD 10. An economy consists of

a) consumption sector b) Production sector
LESSON 1 c) Government sector d) All the above

11. Identify the economic system where only private

1. The branches of the subject Economics is
ownership of production exists.
a) Wealth and welfare
a) Capitalistic Economy b) Socialistic Economy
b) production and consumption
c) Globalistic Economy d) Mixed Economy
c) Demand and supply
d) micro and macro 12. Economic system representing equality in
distribution is _________.
2. Who coined the word ‘Macro’?
a) Capitalism b) Globalism
a) Adam Smith b) J M Keynes
c) Mixedism d) Socialism
c) Ragnar Frisch d) Karl Marx
13. Who is referred as ‘Father of Capitalism’?
3. Who is regarded as Father of Modern Macro
a) Adam Smith b) Karl Marx
Economics? c) Thackeray d) J M Keynes
a) Adam Smith b) J M Keynes
c) Ragnar Frisch d) Karl Marx 14. The country following Capitalism is ___________.
a) Russia b) America
4. Identify the other name for Macro Economics. c) India d) China
a) Price Theory b) Income Theory
c) Market Theory d) Micro Theory 15. Identify The Father of Socialism.
a) J M Keynes b) Karl Marx
5. Macro economics is a study of ______________.
c) Adam Smith d) Samuelson
a) individuals b) firms
c) a nation d) aggregates 16. An economic system where the economic
activities of a nation are done both by the private and
6. Indicate the contribution of J M Keynes to
public together is termed as_____________.
economics.
a) Capitalistic Economy b) Socialistic Economy
a) Wealth of Nations b) General Theory
c) Globalisic Economy d) Mixed Economy
c) Capital d) Public Finance
17. Quantity of a commodity accumulated at a point
7. A steady increase in general price level is termed
of time is termed as ____________..
as_____________.
a)production b) stock
a) wholesale price index b) Business Cycle
c) variable d) flow
c) Inflation d) National Income
18. Identify the flow variable.
8. Identify the necessity of Economic policies. a) money supply b) assets
a) to solve the basic problems c) income d) foreign exchange reserves
b) to overcome the obstacles
c) to achieve growth 19. Identify the sectors of a Two Sector Model.
d) all the above a) Households and Firms
b) Private and Public
9. Indicate the fundamental economic activities of an c) Internal and External
economy. d) Firms and Government
a) Production and Distribution
b) Production and Exchange 20. The Circular Flow Model that represents an open
c) Production and Consumption Economy.
d) Production and Marketing a) Two Sector Model b) Three Sector Model
c) Four Sector Model d) All the above
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 2 11. NNP stands for ……….

(a) Net National Product
1. Net National product at factor cost is also known (b) National Net product
as (c) National Net Provident
(a) National Income (b) Domestic Income (d) Net National Provident
(c) Per capita Income (d) Salary.
12. ……… is deducted from gross value to get the net
value.
2. Primary sector is …………………..
(a) Income (b) Depreciation
(a) Industry (b) Trade
(c) Expenditure (d) Value of final goods
(c) Agriculture (d) Construction.
13. The financial year in India is ……
3. National income is measured by using ……….. (a) April 1 to March 31
methods. (b) March 1 to April 30
(a) Two (b) Three (c) March 1 to March 16
(c) Five (d) Four (d) January 1 to December 31

14. When net factor income from abroad is deducted

4. Income method is measured by summing up of all
from NNP, the net value is …….
forms of ……………
(a) Gross National Product
(a) Revenue (b) Taxes
(b) Disposable Income
(c) expenditure (d) Income
(c) Net Domestic Product
5. Which is the largest figure? (d) Personal Income
(a) Disposable income (b) Personal Income 15. The value of NNP at production point is called ……
(c) NNP (d) GNP (a) NNP at factor cost (b) NNP at market cost
(c) GNP at factor cost (d) Per capita income
6. Expenditure method is used to estimate national
income in ………….. 16. The average income of the country is ….
(a) Construction sector (b) Agricultural Sector (a) Personal Income (b) Per capita income
(c) Service sector (d) Banking sector (c) Inflation Rate (d) Disposal Income

17. The value of national income adjusted for

7. Tertiary sector is also called as ………. sector inflation is called ….
(a) Service (b) Income (a) Inflation Rate (b) Disposal Income
(c) Industrial (d) Production (c) GNP (d) Real national income

8. National income is a measure of the ……… 18. Which is a flow concept ?

performance of an economy. (a) Number of shirts (b) Total wealth
(a) Industrial (b) Agricultural (c) Monthly income (d) Money supply
(c) Economic (d) Consumption
19. PQLI is the indicator of ………………
(a) Economic growth (b) Economic welfare
9. Per capita income is obtained by dividing the (c) Economic progress (d) Economic development
National income by …………
(a) Production (b) Population of a country 20. The largest proportion of national income comes
(c) Expenditure (d) GNP from …….
(a) Private sector (b) Local sector
10. GNP = ………. + Net factor income from abroad. (c) Public sector (d) None of the above
(a) NNP (b) NDP
(c) GDP (d) Personal income
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 3 (a) Keynes’ (b) Say’s

(c) Classical (d) Employment
1. Every able bodied person who is willing to work at 11. The basic concept used in Keynes Theory of
the prevailing wage rate is employed called as Employment and Income is…………….
(a) Full employment (b) Under employment (a) Aggregate demand
(c) Unemployment (d) Employment opportunity (b)Aggregate supply
2. Structural unemployment is a feature in a ……….. (c) Effective demand
(a) Static society (b) Socialist society (d) Marginal Propensity Consume
(c) Dynamic society (d) Mixed economy 12. The component of aggregate demand is ………….
3. In disguised unemployment, the marginal (a) Personal demand
productivity of labour is ….. (b) Government expenditure
(a) Zero (b) One (c) Only export
(c) Two (d) Positive (d) Only import
4. The main concention of the Classical Economic 13. Aggregate supply is equal to ………….
Theory is …….. (a) C + I + G (b) C + S + G + (x-m)
(a) Under employment (c) C + S + T + (x-m) (d) C + S + T + Rf
(b) Economy is always in the state of equilibrium 14. Keynes theory pursues to replace laissez faire by
(c) Demand creates its supply (a) No government intervention
(d) Imperfect competition (b) Maximum intervention
5. J.B. Say is a ……………………. (c) State intervention in certain situation
(a) Neo Classical Economist (d) Private sector intervention
(b) Classical Economist 15. In Keynes theory of employment and income,
(c) Modern Economist ………….. is the basic cause of economic depression.
(d) New Economist (a) Less production (b) More demand
6. According to Keynes, which type of unemployment (c) Inelastic supply
prevails in capitalist economy ? (d) Less aggregate demand in relation to productive
(a) Full employment capacity.
(b) Voluntary unemployment 16. Classical theory advocates ……
(c) Involuntary unemployment (a) Balanced budget (b) Unbalanced budget
(d) Under employment (c) Surplus budget (d) Deficit budget
7. The core of the classical theory of employment is 17. Keynes theory emphasized on …… equilibrium.
………… (a) Very short run (b) Short run
(a) Law of Diminishing Return (c) Very long run (d) Long run
(b) Law of Demand 18. According to classical theory, rate of interest is a
(c) Law of Markets reward for ……
(d) Law of Consumption (a) Investment (b) Demand
8. Keynes attributes unemployment to ………….. (c) Capital (d) Saving
(a) A lack of effective supply 19. In Keynes theory , the demand for and supply of
(b) A lock of effective demand money are determined by ….
(c) A lack of both (a) Rate of interest (b) Effective demand
(d) None of the above (c) Aggregate demand (d) Aggregate supply
9. ………. Flexibility brings equality between saving 20. Say’s law stressed the operation of …………. in the
and investment. economy.
(a) Demand (b) Supply (a) Induced price mechanism
(c) Capital d) Interest (b) Automatic price mechanism
10. …………… theory is a turning point in the (c) Induced demand
development of modern economic theory. (d) Induced investment
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 4 c) Change in consumption /change in income

d) none of the above.
1. The average propensity to consume is measured 10. The relationship between total spending on
by consumption and the total income is the
a) C/Y b) CxY a) Consumption function
c) Y/C d) C+Y b) Savings function
2. An increase in the marginal propensity to consume c) Investment function
will: d) aggregate demand function
a) Lead to consumption function becoming steeper 11. The sum of the MPC and MPS is
b) Shift the consumption function upwards a)1 b) 2
c) Shift the consumption function downwards c) 0.1 d) 1.1
d) Shift savings function upwards 12. As income increases, consumption will
3. If the Keynesian consumption function is C=10+0.8 a)fall b) not change
Y then, if disposable income is Rs 1000, what is c) fluctuate d) increase
amount of total consumption? 13. When investment is assumed autonomous the
a) ₹ 0.8 b) ₹ 800 slope of the AD schedule is determined by the _____
c) ₹ 810 d) ₹ 0.81 a) marginal propensity to invest
4. If the Keynesian consumption function is b) disposable income
C=10+0.8Y then, when disposable income is Rs 100, c) marginal propensity to consume
what is the marginal propensity to consume? d) average propensity to consume
a) ₹ 0.8 b) ₹ 800 14. The multiplier tells us how much __________
c) ₹ 810 d) ₹ 0.81 changes after a shift in _____
5. If the Keynesian consumption function is C=10+0.8 a) Consumption , income b) investment, output
Y then, and disposable income is �100, what is the c) savings, investment
d) output, aggregate demand
average propensity to consume?
15. The multiplier is calculated as
a) ₹ 0.8 b) ₹ 800
a) 1/(1-MPC) b) 1/MPS
c) ₹ 810 d) ₹0.9
c) 1/MPC d) a and b
6. As national income increases
16. It the MPC is 0.5, the multiplier is
a) The APC falls and gets nearer in value to the MPC.
b) The APC increases and diverges in value from the MPC. a) 2 b)1/2
c) The APC stays constant c) 0.2 d) 20
d) The APC always approaches infinity. 17. In an open economy import _________ the value
7. As increase in consumption at any given level of of the multiplier
income is likely to lead a) Reduces b) increase
a) Higher aggregate demand c) does not change d) changes
b) An increase in exports 18. According to Keynes, investment is a function of
c)A fall in taxation revenue the MEC and _____
d) A decrease in import spending a) Demand b) Supply
8. Lower interest rates are likely to : c) Income d) Rate of interest
a) Decrease in consumption 19. The term super multiplier was first used by
b) increase cost of borrowing a) J.R.Hicks b) R.G.D. Allen
c) Encourage saving c) Kahn d) Keynes
d) increase borrowing and spending 20. The term MEC was introduced by
9. The MPC is equal to : a) Adam Smith b) J.M. Keynes
a) Total spending / total consumption c) Ricardo d) Malthus
b) Total consumption/total income
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 5 11. ____________ is a decrease in the rate of

inflation.
1. The RBI Headquarters is located at (a) Disinflation (b) Deflation
(a) Delhi (b) Chennai (c) Stagflation (d) Depression
(c) Mumbai (d) Bengaluru
12. Stagflation combines the rate of inflation with
2. Money is
(a) Stagnation (b) employment
(a) acceptable only when it has intrinsic value
(c) output (d) price
(b) constant in purchasing power
(c) the most liquid of all assets 13. The study of alternating fluctuations in business
(d) needed for allocation of resources activity is referred to in Economics as
3. Paper currency system is managed by the (a) Boom (b) Recession
(a) Central Monetary authority (c) Recovery (d) Trade cycle
(b) State Government
14. During depression the level of economic activity
(c) Central Government
becomes extremely
(d) Banks
(a) high (b) bad
4. The basic distinction between M1 and M2 is with
(c) low (d) good
regard to .
(a) post office deposits 15. “Money can be anything that is generally
(b) time deposits of banks acceptable as a means of exchange and that the same
(c) saving deposits of banks Time acts as a measure and a store of value”, This
(d) currency definition was given by
5. Irving Fisher’s Quantity Theory of Money was (a) Crowther (b) A.C.Pigou
popularized in (c) F.A.Walker (d) Francis Bacon
(a) 1908 (b) 1910
(c) 1911 (d) 1914. 16. Debit card is an example of
6. MV stands for (a) currency (b) paper currency
(a) demand for money (c) plastic money (d) money
(b) supply of legal tender money 17. Fisher’s Quantity Theory of money is based on
(c) Supply of bank money the essential function of money as
(d) Total supply of money (a) measure of value (b) store of value
7. Inflation means (c) medium of exchange
(a) Prices are rising (b) Prices are falling (d) standard of deferred payment
(c) Value of money is increasing
(d) Prices are remaining the same 18. V in MV = PT equation stands for
8. __________ inflation results in a serious (a) Volume of trade
depreciation of the value of money. (b) Velocity of circulation of money
(a) Creeping (b) Walking (c) Volume of transaction
(c) running (d) Hyper (d) Volume of bank and credit money
9. __________ inflation occurs when general prices
19. When prices rise slowly, we call it
of commodities increases due to increase in (a) galloping inflation (b) mild inflation
Production costs such as wages and raw materials.
(c) hyper inflation (d) deflation
(a) Cost-push (b) demand pull
(c) running (d) galloping 20. ___________ inflation is in no way dangerous to
10. During inflation, who are the gainers? the economy.
(a) Debtors (b) Creditors (a) walking (b) running
(c) Wage and salary earners (d) Government (c) creeping (d) galloping
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 6 11. Repo Rate means.

1. A Bank is a a) Rate at which the Commercial Banks are willing to
a) Financial institution b) Corporate lend to RBI
c) An Industry d) Service institutions b) Rate at which the RBI is willing to lend to
commercial banks
2. A Commercial Bank is an institutions that provides c) Exchange rate of the foreign bank
services d) Growth rate of the economy
a) Accepting deposits b) Providing loans
12. Moral suasion refers.
c) Both a and b d) None of the above
a) Optimization b) Maximization
3. The Functions of commercial banks are broadly c) Persuasion d) Minimization
classified into 13. ARDC started functioning from
a) Primary Functions b) Secondary functions a) June 3, 1963 b) July 3, 1963
c) Other functions d) a, b, and c c) June 1, 1963 d) July 1, 1963

4. Bank credit refers to 14. NABARD was set up in.

a) Bank Loans b) Advances a) July 1962 b) July 1972
c) Bank loans and advan ces d) Borrowings c) July 1982 d) July 1992

15. EXIM bank was established in.

5. Credit creation means.
a) June 1982 b) April 1982
a) Multiplication of loans and advances
c) May 1982 d) March 1982
b) Revenue c) Expenditure d) Debt
16. The State Financial Corporation Act was passed
6. NBFI does not have. by
a) Banking license a) Government of India
b) government approval b) Government of Tamilnadu
c) Money market approval c) Government of Union Territories
d) Finance ministry approval d) Local Government.

7. Central bank is --------------- authority of any 17. Monetary policy his formulated by.
country. a) Co-operative banks b)Commercial banks
a) Monetary b) Fiscal c) Central Bank d) Foreign banks
c) Wage d) National Income 18. Online Banking is also known as.
a) E-Banking b) Internet Banking
8. Who will act as the banker to the Government of
c) RTGS d) NEFT
India?
a) SBI b) NABARD 19. Expansions of ATM.
c) ICICI d) RBI a) Automated Teller Machine
b) Adjustment Teller Machine
9. Lender of the last resort is one of the functions of. c) Automatic Teller mechanism
a) Central Bank b) Commercial banks d) Any Time Money
c) Land Development Banks d) Co-operative banks
20. 2016 Demonetization of currency
10. Bank Rate means. includes denominations of
a) Re-discounting the first class securities a) Rs.500 and Rs.1000
b) Interest rate b) Rs 1000 and Rs 2000
c) Rs 200 and Rs 500
c) Exchange rate
d) Growth rate
d) All the above
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 7 11. Favourable trade means value of exports are …….

Than that of imports.
1. Trade between two countries is known as a) More b) Less
………….trade c) More or Less d) Not more than
a) External b) Internal 12. If there is an imbalance in the trade balance
c) Inter-regional d) Home (more imports than exports), it can be reduced by
2. Which of the following factors influence trade? a) decreasing customs duties
a) The stage of development of a product b) increasing export duties
b) The relative price of factors of productions. c) stimulating exports d) stimulating imports
c) Government. d) All of the above. 13. BOP includes
3. International trade differs from domestic trade a) visible items only b) invisible items only
because of c) both visible and invisible items
a) Trade restrictions b) Immobility of factors d) merchandise trade only
c) Different government policies d) All the above 14. Components of balance of payments of a country
includes
4. In general, a primary reason why nations conduct
a) Current account b) Official account
international trade is because
c) Capital account d) All of above
a) Some nations prefer to produce one thing while
15. In the case of BOT,
others produce another
b) Resources are not equally distributed among all a) Transactions of goods are recorded.
trading nations b) Transactions of both goods and services are recorded.
c) Trade enhances opportunities to accumulate c) Both capital and financial accounts are included.
profits d) All of these
d) Interest rates are not identical in all trading 16. Tourism and travel are classified in which of
nations balance of payments accounts?
5. Which of the following is a modern theory of a)merchandise trade account b) services account
international trade? c)unilateral transfers account d) capital account
a) absolute cost b) comparative cost 17. Cyclical disequilibrium in BOP occurs because of
c) Factor endowment theory d) none of these a) Different paths of business cycle.
6. Exchange rates are determined in b) The income elasticity of demand or price elasticity
a) money market b) foreign exchange market of demand is different.
c) stock market d) capital market c) long-run changes in an economy
7. Exchange rate for currencies is determined by d) Both (a) and (b).
supply and demand under the system of 18. Which of the following is not an example of
a) Fixed exchange rate b) Flexible exchange rate foreign direct investment?
c) Constant d) Government regulated a) the construction of a new auto assembly plant overseas
8. Net export equals …… b) the acquisition of an existing steel mill overseas
a) Export x Import b) Export + Import c) the purchase of bonds or stock issued by a textile
c) Export – Import d) Exports of services only company overseas
d) the creation of a wholly owned business firm overseas
9. Who among the following enunciated the concept
19. Foreign direct investments not permitted in India
of single factoral terms of trade?
a) Banking b) Automic energy
a) Jacob Viner b) G.S.Donens
c) Pharmaceutical d)Insurance
c) Taussig d) J.S.Mill
20 Benefits of FDI include, theoretically
10. Terms of Trade of a country show ……………
a) Boost in Economic Growth
a) Ratio of goods exported and imported
b) Increase in the import and export
b) Ratio of import duties
of goods and services
c) Ratio of prices of exports and imports c) Increased employment and skill levels
d) Both (a) and (c) d) All of these
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 8 10. ASEAN meetings are held once in every

__________ years
1. International Monetary Fund was an outcome of a) 2 b) 3
a) Pandung Conference b) Dunkel Draft c) 4 d) 5
c) Bretton Woods Conference
d) Doha Conference 11. Which of the following is not the member of
SAARC?
2. International Monetary Fund is having its a) Pakistan b) Sri Lanka
headquarters at c) Bhutan d) China
a) Washington D.C. b) New York
c) Vienna d) Geneva 12. SAARC meets once in ----------- years.
a) 2 b) 3
3. IBRD is otherwise called c) 4 d) 5
a) IMF b) World Bank
c) ASEAN d) International Finance Corporation 13. The headquarters of ASEAN is
a) Jaharta b) New Delhi
4. The other name for Special Drawing Rights is c) Colombo d) Tokyo
a) Paper gold
14. The term BRIC was coined in
b) Quotas
a) 2001 b) 2005
c) Voluntary Export Restrictions
c) 2008 d) 2010
d) None of these

15. ASEAN was created in

5. The organization which provides long term loan is
a) 1965 b) 1967
a) World Bank
c) 1972 d) 1997
b) International Monetary Fund
c) World Trade Organisation
16. The Tenth BRICS Summit was held in July 2018 at
d) BRICS
a) Beijing b) Moscow
c) Johannesburg d) Brasilia
6. Which of the following countries is not a member
of SAARC?
17. New Development Bank is associated with
a) Sri Lanka b) Japan
a) BRICS b) WTO
c) Bangladesh d) Afghanistan
c) SAARC d) ASEAN

7. International Development Association is an 18. Which of the following does not come under ‘Six
affiliate of dialogue partners’ of ASEAN?
a) IMF b) World Bank a) China b) Japan
c) SAARC d) ASEAN c) India d) North Korea

8. ---------- relates to patents, copyrights, trade 19. SAARC Agricultural Information Centre (SAIC)
secrets, etc., works as a central information institution for
a) TRIPS b) TRIMS agriculture related resources was founded on
c) GATS d) NAMA a) 1985 b) 1988
c) 1992 d)1998
9. The first ministerial meeting of WTO was held at
a) Singapore b) Geneva 20. BENELUX is a form of
c) Seattle d) Doha a) Free trade area b) Economic Union
c) Common market d) Customs union
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 9 12. The difference between total expenditure and

total receipts including loans and other liabilities is
1. The modern state is called
a) Laissez-faire state b) Aristocratic state a. Fiscal deficit b. Budget deficit
c) Welfare state d) Police state c. Primary deficit d. Revenue deficit
2. One of the following is NOT a feature of private 13.The primary purpose of deficit financing is
finance a) Economic development
a) Balancing of income and expenditure b) Economic stability
b) Secrecy c) Economic equality
c) Saving some part of income d) Employment generation
d) Publicity 14. Deficit budget means
3. The tax possesses the following characteristics a) An excess of government’s revenue over
a) Compulsory b) No quid pro quo expenditure
c) Failure to pay is offence d) All the above b) An excess of government’s current expenditure
4. Which of the following canons of taxation was not over its current revenue
listed by Adam smith? c) An excess of government’s total expenditure over
a) Canon of equality b) Canon of certainty its total revenue
c) Canon of convenience d) Canon of simplicity d) None of above
5. Consider the following statements and identify the 15. Methods of repayment of public debt is
correct ones. a) Conversion b) Sinking fund
i. Central government does not have exclusive power c) Funded debt d) All these
to impose tax which is not mentioned in state or 16. Conversion of public debt means exchange of
concurrent list. a) new bonds for the old ones
ii. The Constitution also provides for transferring b) low interest bonds for higher interest bonds
certain tax revenues from union list to states. c) Long term bonds for short term bonds
a) i only b) ii only d) All the above
c) both d) none 17. The word budget has been derived from the
6. GST is equivalence of French word “bougette” which means
a) Sales tax b) Corporation tax a) A small bag b) An empty box
c) Income tax d) Local tax c) A box with papers d) None of the above
7. The direct tax has the following merits except 18. Which one of the following deficits does not
a) equity b) convenient consider borrowing as a receipt?
c) certainty d) civic consciousness a) Revenue deficit b) Budgetary deficit
8. Which of the following is a direct tax? c) Fiscal deficit d) Primary deficit
a) Excise duty b) Income tax 19. Finance Commission determines
c) Customs duty d) Service tax a) The finances of Government of India
9. Which of the following is not a tax under Union b) The resources transfer to the states
list?
c) The resources transfer to the various departments
a) Personal Income Tax b) Corporation Tax
d) None of the above
c) Agricultural Income Tax d) Excise duty
20. Consider the following statements and identify
10. “Revenue Receipts” of the Government do
the right ones.
not include
i. The finance commission is appointed by the
a) Interest b) Profits and dividents
President
c) Recoveries and loans d) Rent from property
ii. The tenure of Finance commission is five years
11. The difference between revenue expenditure and
revenue receipts is a) i only b) ii only
a. Revenue deficit b. Fiscal deficit c) both d) none
c. Budget deficit d. Primary deficit
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 10
11. Which of the following is responsible for
1. The term environment has been derived from a protecting humans from harmful ultraviolet rays?
French word-----------. a. UV-A b. UV-C
a. Environ b. Environs c. Ozone layer d. None of the above
c. Environia d. Envir
12. Global warming also refers to as
2. The word biotic means environment a. Ecological change b. Climate Change
a. living b. non-living c. Atmosphere change d. None of the above
c. physical d. None of the above
13. Which of the following is the anticipated effect of
3. Ecosystem is smallest unit of Global warming?
a. Ionosphere b. Lithosphere a. Rising sea levels b. Changing precipitation
c. Biosphere d. Mesosphere c. Expansion of deserts d. All of the above

4. Who developed Material Balance Models? 14. The process of nutrient enrichment is termed as
a. Thomas and Picardy a. Eutrophication b. Limiting nutrients
b. AlenKneese and R.V. Ayres c. Enrichment d. Schistosomiasis
c. Joan Robinson and J.M. Keynes
d. Joseph Stiglitz and Edward Chamberlin 15. Primary cause of Soil pollution is ----------------
a. Pest control measures b. Land reclamation
5. Environmental goods are -------------- c. Agricultural runoff d. Chemical fertilizer
a. Market goods b. Non-market goods
c. Both d. None of the above 16. Which of the following is main cause for
deforestation?
6. In a pure public good, consumption is ----------------- a. Timber harvesting industry
a. Rival b. Non-rival b. Natural afforestation
c. Both d. None of the above c. Soil stabilization
d. Climate stabilization
7. One of the most important market failures is
caused by ------------ 17. Electronic waste is commonly referred as ----------
a. Positive externalities b. Negative externalities a. solid waste b. composite waste
c. Both d. None of the above c. e-waste d. hospital waste

8. The common source of outdoor air pollution is 18. Acid rain is one of the consequences of ------------
caused by combustion processes from the following--- a. Air pollution b. Water Pollution
a. Heating and cooking b. Traditional stoves c. Land pollution d. Noise pollution
c. Motor vehicles d. All the above
19. Sustainable Development Goals and targets are
9. The major contributor of Carbon monoxide is to be achieved by -------
a. Automobiles a. 2020 b. 2025
b. Industrial process c. 2030 d. 2050
c. Stationary fuel combustion
d. None of the above 20. Alkali soils are predominantly located in the -------
----- plains?
10. Which one of the following causes of global a. Indus-Ganga b. North-Indian
warming? c. Gangetic plains d. All the above
a. Earth gravitation force b. Oxygen
c. Centripetal force d. Increasing temperature
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 11
10. Which of the following country adopts indicative
1. "Redistribution with Growth" became popular planning?
sloga]er which approach? a) France b) Germany
a) Traditional approach c) Italy d) Russia
b) New welfare oriented approach
11. Short-term plan is also known as-------------------
c) Industrial approach d) None of the above
a) Controlling Plans b) De-controlling Plans
2. Which is not the feature of economic growth?
c) Rolling Plans d) De-rolling Plans
a) Concerned with developed nations
b) Gradual change 12. Long-term plan is also known as ---------------------
c) Concerned with quantitative aspect a) Progressive Plans b) Non-progressive Plans
d) Wider concept c) Perspective Plans d) Non-perspective Plans
3. Which among the following is a characteristic of
13. The basic philosophy behind long-term planning
underdevelopment?
is to bring------------changes in the economy?
a) Vicious circle of poverty
a) Financial b) Agricultural
b) Rising mass consumption
c) Industrial d) Structural
c) Growth of Industries
d) High rate of urbanization 14. Sarvodaya Plan was advocated by------------------
4. The non-economic determinant of economic a) Mahatma Gandhi b) J.P. Narayan
development c) S. N Agarwal d) M.N. Roy
a) Natural resources b) Human resource
c) Capital formation d) Foreign trade 15. Planning Commission was set up in the year ------
5. Economic growth measures the --------------- a) 1950 b) 1951
a) Growth of productivity c) 1947 d) 1948
b) Increase in nominal income
c) Increase in output 16. Who wrote the book ‘The Road to Serfdom’?
d) None of the above a) Friedrich Hayek b) H.R. Hicks
6. The supply side vicious circle of poverty suggests c) David Ricardo d) Thomas Robert Malthus
that poor nations remain poor because 17. Perspective plan is also known as ----
a) Saving remains low a) Short-term plan b) Medium-term plan
b) Investment remains low c) Long-term plan d) None of the above
c) There is a lack of effective government
d) a and b above 18. NITI Aayog is formed through------------------------
7. Which of the following plan has focused on the a) Presidential Ordinance
agriculture and rural economy? b) Allocation of business rules by President of India
a) People’s Plan b) Bombay Plan c) Cabinet resolution
c) Gandhian Plan d) Vishveshwarya Plan d) None of the above
8. Arrange following plans in correct chronological
19. Expansion of NITI Aayog?
order
a) National Institute to Transform India
a) People’s Plan b) Bombay Plan b) National Institute for Transforming India
c) Jawaharlal Nehru Plan d) Vishveshwarya Plan
c) National Institution to Transform India
Answer choices
d) National Institution for Transforming India
a) (i) (ii) (iii) (iv) b) (iv) (iii) (ii) (i)
c) (i) (ii) (iv) (iii) d) (ii) (i) (iv) (iii) 20. The Chair Person of NITI Aayog is
9. M.N. Roy was associated with --------------------- a) Prime Minister b) President
a) Congress Plan b) People’s Plan c) Vice – President d) Finance Minister
c) Bombay Plan d) None of the above
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

LESSON 12 11. A process by which we estimate the value of

dependent variable on the basis of one or more
1. The word ‘statistics’ is used as __________. independent variables is called:
(a) Singular. (b) Plural (a) Correlation (b) Regression
(c) Singular and Plural. (d) None of above. (c) Residual (d) Slope
2. Who stated that statistics as a science of estimates
12. If Y = 2 - 0.2X, then the value of Y intercept is
and probabilities.
equal to
(a) Horace Secrist. (b) R.A Fisher.
(a) -0.2 (b) 2
(c) Ya-Lun-Chou (d) Boddington
(c) 0.2X (d) All of the above
3. Sources of secondary data are ___________.
(a) Published sources. (b) Unpublished sources. 13. In the regression equation Y = β0+β1X, the Y is
(c) neither published nor unpublished sources. called:
(d) Both (A) and (B) (a) Independent variable
4. The data collected by questionnaires are_______ (b) Dependent variable
(a) Primary data. (b) Secondary data. (c) Continuous variable
(c) Published data. (d) Grouped data. (d) none of the above
5. A measure of the strength of the linear relationship that
exists between two variables is called: 14. In the regression equation Y = β0+β1X, the X is
(a) Slope (b) Intercept called:
(c) Correlation coefficient (a) Independent variable
(d) Regression equation (b) Dependent variable
6. If both variables X and Y increase or decrease (c) Continuous variable
simultaneously, then the coefficient of correlation will (d) none of the above
be:
15. Econometrics is the integration of
(a) Positive (b) Negative
(a)Economics and Statistics
(c) Zero (d) One
(b) Economics and Mathematics
7. If the points on the scatter diagram indicate that
(c) Economics, Mathematics and Statistics
as one variable increases the other variable tends to
(d) None of the above
decrease the value of r will be:
(a) Perfect positive (b) Perfect negative 16 . Econometric is the word coined by
(c) Negative (d) Zero (a) Francis Galton (b) RagnarFrish
8. The value of the coefficient of correlation r lies (c) Karl Person (d) Spearsman
between:
17. The raw materials of Econometrics are:
(a) 0 and 1 (b) -1 and 0
(a) Data (b) Goods
(c) -1 and +1 (d) -0.5 and +0.5
(c) Statistics (d) Mathematics
9. The term regression was used by:
(a) Newton (b) Pearson 18. The term Uiin regression equation is
(c) Spearman (d) Galton (a) Residuals (b) Standard error
10. The purpose of simple linear regression analysis (c) Stochastic error term (d) none
is to:
19. The term UIIS introduced for the representation of
(a) Predict one variable from another variable
(a) Omitted Variable (b) Standard error
(b) Replace points on a scatter diagram by a straight-line
(c) Measure the degree to which two variables are (c) Bias (d) Discrete Variable
linearly associated 20. Econometrics is the amalgamation of
(d) Obtain the expected value of the independent (a) 3 subjects (b) 4 subjects
random variable for a given value of the dependent (c) 2 subjects (d) 5 subjects
variable
 S.THANGARAJ, PGT, GHSS-SINGADIVAKKAM, KANCHIPURAM DT.

Lesson -1 Lesson 8

Answers
1 2 3 4 5 6 7 8 9 10
D C B B D B C D C D
11 12 13 14 15 16 17 18 19 20
A D A B B D B C A C
Lesson 9
Lesson 2

Lesson 10

Lesson 3

Lesson 11

Lesson 4

Lesson 12

Lesson 5

Lesson 6

Lesson 7