12th Standard Economics Study material & Free Online Practice Tests - View Model Question Papers with Solutions for Class 12 Session 2020 - 2021
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Economics Question Papers

12th Standard Economics English Medium - Important 5 Mark Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Illustrate the functioning of an economy based on its activities
2)
Compare the features among Capitalism, Secularism and Mixedism
3)
What are the difficulties involved in the measurement of national income?
4)
Describe the types of unemployment.
5)
Explain Keynes psychological law of consumption function with diagram.

12th Standard Economics English Medium - Important 3 Mark Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Describe the different types of economic systems.
2)
Distinguish between Capitalism and Globalism.
3)
Differentiate between personal and disposable income.
4)
What is the solution to the problem of double counting in the estimation of national income?
5)
Explain Keynes’ theory.

12th Standard Economics English Medium - Important 2 Mark Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Classify the economies based on status of development.
2)
‘Circular Flow of Income’ - Define.
3)
Write the formula for calculating GNP.
4)
What do you mean by the term ‘Personal Income’?
5)
What is the main feature of rural unemployment ?

12th Standard Economics English Medium - Important 1 Mark MCQ's Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Identify the other name for Macro Economics.
2)
Identify the necessity of Economic policies
3)
Identify The Father of Socialism
4)
Primary sector is ________
5)
National income is a measure of the__________ performance of an economy

12th Standard Economics English Medium - Revision Model Question Paper with Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The branches of the subject Economics are
2)
Expenditure method is used to estimate national income in_______
3)
Keynes attributes unemployment to_______.
4)
The average propensity to consume is measured by _____.
5)
Paper currency system is managed by the______.

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Discuss the limitations of statistics.
2)
Discuss in detail about the limitations of statistics.
3)
Compare and contrast primary and secondary data.
4)
Distinguish between Qualitative and Quantitative data.
5)
What are the the Formula for computing Karl Pearson’s Coefficient of correlation?

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Elucidatethe nature and scope of Statistics.
2)
Calculate the Karl Pearson Correlation Co-efficient for the following data

Demand of Product X 23 27 28 29 30 31 33 35 36 39

Sale of Product Y: 18 22 23 24 25 26 28 29 30 32
3)
Find the regression equation Y on X and X on Y for the following data:

Y 45 48 50 55 65 70 75 72 80 85

X 25 30 35 30 40 50 45 55 60 65
4)
Describe the application of Econometrics in Economics.

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
A student’s marks in 5 subjects are 75, 68, 80, 92,and 56. Find his average mark.
2)
List the Assumptions of the Linear Regression Model.
3)
Write note on MOSPI.
4)
Write a note on CSO.
5)
What is NSSO?

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the functions of Statistics?
2)
Find the Standard Deviation of the following data:14,22,9,15.20,17,12.11
3)
State and explain the different kinds of Correlation
4)
Mention the uses of Regression Analysis.
5)
Specify the objectives of econometrics.

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write a brief note on origin of Indian Statistics.
2)
Comment – “Statistics and Education”
3)
Write a short note on Statistics and Economics.
4)
Write brief note on Statistics and Medicine.
5)
List the major differences between Descriptive Statistics and Inferential Statistics.

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What is Statistics?
2)
What are the kinds of Statistics?
3)
What do you mean by Inferential Statistics?
4)
What are the kinds of data?
5)
Define Correlation.

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The word 'statistics' is used as _______
2)
Who stated that statistics as a science of estimates and probabilities.
3)
Sources of secondary data are______
4)
The data collected by questionnaires are_______
5)
A measure of the strength of the linear relationship that exists between two variables is called:

12th Standard Economics English Medium - Introduction to Statistical Methods and Econometrics 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The word 'statistics' is used as _______
2)
Who stated that statistics as a science of estimates and probabilities.
3)
Sources of secondary data are______
4)
The data collected by questionnaires are_______
5)
A measure of the strength of the linear relationship that exists between two variables is called:

12th Standard Economics English Medium - Economics of Development and Planning 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Draw the 7 pillars of NITI Aayog.
2)
Explain non-economic factors determining development?
3)
Compare and contrast the “Planning Commission” and NITI Aayog”.
4)
Compare and contrast economic growth and economic development.
5)
Discuss the Non- Economic Factors economic development.

12th Standard Economics English Medium - Economics of Development and Planning 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Discuss the economic determinants of economic development.
2)
Describe different types of Planning.
3)
Bring out the arguments against planning.

12th Standard Economics English Medium - Economics of Development and Planning 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain about traditional approach.
2)
What are the characteristics of under developed countries?
3)
List out the types of Planning.
4)
Classify the various countries on the basis of gross national income (GNI) per capita?
5)
What are the Economics factors of determinants of economics development?

12th Standard Economics English Medium - Economics of Development and Planning 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Elucidate major causes of vicious circle of poverty with diagram
2)
What are the non-economic factors determining development?
3)
How would you break the vicious circle of poverty?
4)
Trace the evolution of economic planning in India.
5)
Describe the case for planning

12th Standard Economics English Medium - Economics of Development and Planning 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What do you mean by economic development?
2)
What are the two approaches of economic development?
3)
What do you mean by New Welfare Oriented Approach?
4)
Write any two characteristics of UDCs
5)
Write any two Economic factors.

12th Standard Economics English Medium - Economics of Development and Planning 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define economic development
2)
Mention the indicators of development.
3)
Distinguish between economic growth and development.
4)
What is GNP?
5)
Define economic planning

12th Standard Economics English Medium - Economics of Development and Planning 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
__________measures the increase in output
2)
The concept__________ refers to the structural changes towards betterment
3)
These are ___________main approaches to economic development.
4)
Which is not the characteristics of UDCs?
5)
Economic development depends on

12th Standard Economics English Medium - Economics of Development and Planning 1 Mark Book Back Question Paper With Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
"Redistribution with Growth" became popular slogan under which approach?
2)
Which is not the feature of economic growth?
3)
Which among the following is a characteristic of underdevelopment?
4)
The non-economic determinant of economic development
5)
Economic growth measures the_______

12th Standard Economics English Medium - Environmental Economics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain any 5 causes of water pollution.
2)
Explain effects of noise pollution.
3)
Explain any three causes of air pollution.
4)
Explain causes of noise pollution.
5)
What are the causes of land pollution? What are the remedial measures to control land pollution?

12th Standard Economics English Medium - Environmental Economics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Briefly explain the relationship between GDP growth and the quality of environment.
2)
Explain the concepts of externality and its classification
3)
Explain the importance of sustainable development and its goals.

12th Standard Economics English Medium - Environmental Economics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the classification of Externalities?
2)
Define water pollution.
3)
Explain the types of water pollution.
4)
Draw the classification of sources of e-waster.
5)
Explain the Types of Water Pollution

12th Standard Economics English Medium - Environmental Economics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Brief the linkage between economy and environment.
2)
Specify the meaning of material balance principle.
3)
Explain different types of air pollution.
4)
What are the causes of water pollution?
5)
State the meaning of e-waste.

12th Standard Economics English Medium - Environmental Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define Externalities.
2)
What do you mean by pollution?
3)
What are the types of water pollution?
4)
Write any two causes of land pollution.
5)
What are the effects of land pollution?

12th Standard Economics English Medium - Environmental Economics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
State the meaning of environment.
2)
What do you mean by ecosystem?
3)
Mention the countries where per capita carbondioxide emission is the highest in the world.
4)
What are environmental goods? Give examples
5)
What are the remedial measures to control noise pollution?

12th Standard Economics English Medium - Environmental Economics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
"What goes in must come out" This is known as
2)
Increasing temperature in the atmosphere leads to Global Warming.
3)
___________ are the remedial measure to control air
4)
Ground water contamination occurs when man made products such as
5)
__________ gases are released in to the atomssphere during the burning of fossil fuels

12th Standard Economics English Medium - Environmental Economics 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The term environment has been derived from a French word _________
2)
The word biotic means environment
3)
Ecosystem is smallest unit of
4)
Who developed Material Balance Models?
5)
Environmental goods are ____________

12th Standard Economics English Medium - Fiscal Economics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Describe the various types of deficit in budget.
2)
What are the advantages of GST?
3)
What are the causes for the increase in public debt?
4)
Explain the classification of public expenditure.
5)
Explain the Non-Tax Revenue of a state.

12th Standard Economics English Medium - Fiscal Economics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the scope of public finance.
2)
Bring out the merits of indirect taxes over direct taxes.
3)
Explain the methods of debt redemption.
4)
State and explain instruments of fiscal policy.
5)
Explain the principles of Federal Finance.

12th Standard Economics English Medium - Fiscal Economics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
State any three characteristics of taxation.
2)
Point out any three differences between direct tax and indirect tax.
3)
Write any six principles of Federal Finance.
4)
List out the several types of indirect taxes.
5)
What do you mean by Government subsidies?

12th Standard Economics English Medium - Fiscal Economics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Describe Canons of Taxation.
2)
Mention any three similarities between public finance and private finance.
3)
What are the functions of a modern state?
4)
What is primary deficit?
5)
Mention any three methods of redemption of public debt.

12th Standard Economics English Medium - Fiscal Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What is Canons of Taxation?
2)
What is Direct Tax?
3)
What is Indirect Tax?
4)
What is meant by redemption of public debt?
5)
What do you mean by public finance?

12th Standard Economics English Medium - Fiscal Economics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define public finance.
2)
What is public revenue?
3)
Differentiate tax and fee.
4)
Write a short note on zero based budget.
5)
Give two examples for direct tax.

12th Standard Economics English Medium - Fiscal Economics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The old and popular term of Fiscal Economics is called _____________
2)
Public finance is related to the financing of the ___________ activities.
3)
Bougett refers to a _________
4)
Unbalanced budget are of ____________ types
5)
Budget estimates are prepared by _____________

12th Standard Economics English Medium - Fiscal Economics 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The modern state is
2)
One of the following is NOT a feature of private finance
3)
The tax possesses the following characteristics
4)
Which of the following canons of taxation was not listed by Adam smith?
5)
Consider the following statements and identify the correct ones.
(i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from union list to states.

12th Standard Economics English Medium - International Economic Organisations 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write the functions of BRICS.
2)
State the objectives of SAARC.
3)
List out the achievements of SAARC.
4)
Write a note on relation between India and World Bank.
5)
Differentiate the GATT with WTO by the help of a table

12th Standard Economics English Medium - International Economic Organisations 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the objectives of IMF.
2)
Bring out the functions of World Bank.
3)
Discuss the role of WTO in India’s socio-economic development.
4)
Write a note on
a) SAARC
b) BRICS

12th Standard Economics English Medium - International Economic Organisations 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the Objectives of the IBRD?
2)
What are the achievements of World Bank?
3)
Explain the achievements of WTO.
4)
Write a functions of WTO.
5)
Write the objectives for BRICS

12th Standard Economics English Medium - International Economic Organisations 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Mention the various forms of economic integration.
2)
What are trade blocks?
3)
Mention any three lending programmes of IMF.
4)
What is Multilateral Agreement?
5)
Write the agenda of BRICS Summit, 2018.

12th Standard Economics English Medium - International Economic Organisations 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write a short note of IMF.
2)
List out the Functions of IMF.
3)
Write a short note on World Trade Organisation.
4)
Write a short notes on TRIMS.
5)
What is MFA?

12th Standard Economics English Medium - International Economic Organisations 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write the meaning of Special Drawing rights.
2)
Mention any two objectives of ASEAN.
3)
Point out any two ways in which IBRD lends to member countries.
4)
Define Common Market.
5)
What is Free trade area?

12th Standard Economics English Medium - International Economic Organisations 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Head quarters of SAARC is in
2)
Head quarters of ASEAN is located in
3)
Head quarters of BRICS is in
4)
World Bank Group
5)
Jakarta is the head quarters of _________.

12th Standard Economics English Medium - International Economic Organisations 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
International Monetary Fund was an outcome of
2)
International Monetary Fund is having its headquarters at
3)
IBRD is otherwise called
4)
The other name for Special Drawing Rights is
5)
The organization which provides long term loan is

12th Standard Economics English Medium - International Economics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the causes for Balance of Payment Disequilibrium.
2)
Explain the any two types of Exchange Rates.
3)
Explain the disadvantages of FDI.
4)
Draw the flow chart for correction of Balance Payment Disequilibrium
5)
Explain the determinants of Equilibrium Exchange Rate.

12th Standard Economics English Medium - International Economics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Discuss the differences between Internal Trade and International Trade.
2)
Explain briefly the Comparative Cost Theory.
3)
Discuss the Modern Theory of International Trade.
4)
Explain the types of Terms of Trade given by Viner.
5)
Bring out the components of balance of payments account.

12th Standard Economics English Medium - International Economics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the assumptions of Absolute Cost Advantages?
2)
List out the limitations of Modern Theory of International Trade?
3)
What are the general advantages of International Trade?
4)
Write the measures to correct BOP Disequilibrium.
5)
What are the Determinants of Exchange Rates?

12th Standard Economics English Medium - International Economics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Describe the subject matter of International Economics.
2)
Compare the Classical Theory of international trade with Modern Theory of International trade.
3)
Explain the Net Barter Terms of Trade and Gross Barter Terms of Trade.
4)
Distinguish between Balance of Trade and Balance of Payments.
5)
What are import quotas?

12th Standard Economics English Medium - International Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define Comparative Cost Advantage.
2)
List out the types of BOP Disequilibrium.
3)
What do you mean by exchange control?
4)
What is an import control?
5)
What is Foreign Exchange?

12th Standard Economics English Medium - International Economics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What is International Economics?
2)
Define International trade.
3)
State any two merits of trade.
4)
What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?
5)
Define Terms of Trade.

12th Standard Economics English Medium - International Economics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
IMF stands for
2)
Absolute Cost Advantage was developed by
3)
Comparative cost advantages was developed by
4)
International trade was developed by
5)
_______ includes both visible and invisible items.

12th Standard Economics English Medium - International Economics 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Trade between two countries is known as ____ trade
2)
Which of the following factors influence trade?
3)
International trade differs from domestic trade because of
4)
In general, a primary reason why nations conduct international trade is because
5)
Which of the following is a modern theory of international trade?

12th Standard Economics English Medium - Banking 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Distinguish between RTGS and NEFT.
2)
What are the objectives of ARDC? Explain.
3)
Compare and contrast RBI and other Commercial Banks.
4)
Discuss Cheap and Dear Money policy.
5)
Distinguish between NBFC and Other Commercial Bank.

12th Standard Economics English Medium - Banking 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the role of Commercial Banks in economic development.
2)
Elucidate the functions of Commercial Banks
3)
Describe the functions of Reserve Bank of India.
4)
What are the objectives of Monetary Policy? Explain.

12th Standard Economics English Medium - Banking 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain about money supply.
2)
What are the Objectives of the ARDC.
3)
Explain about Agricultural Refinance Development Corporation (ARDC).
4)
List of the role of commercial bank.
5)
List out the functions of Commercial Banks

12th Standard Economics English Medium - Banking 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write the mechanism of credit creation by commercial banks.
2)
Give a brief note on NBFI.
3)
Bring out the methods of credit control.
4)
What are the functions of NABARD?
5)
Specify the functions of IFCI.

12th Standard Economics English Medium - Banking 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Name the two ways of deposits that the modern banks create?
2)
What are the two credit measures of RBI?
3)
What is variable portfolio ceiling?
4)
What is meant by Regulation of consumer's credit?
5)
What are the main objectives of RRB?

12th Standard Economics English Medium - Banking 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define Commercial banks.
2)
What is credit creation?
3)
Define Central bank.
4)
Distinguish between CRR and SLR
5)
Write the meaning of Open market operations.

12th Standard Economics English Medium - Banking 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
RBI will act as the banker to the ___________
2)
A large number of central banks were established between______
3)
Banks issue traveler's cheques to_______
4)
Credit creation means the________
5)
"Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

12th Standard Economics English Medium - Banking 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
A Bank is a
2)
A Commercial Bank is an institution that provides services
3)
The Functions of commercial banks are broadly classified into
4)
Bank credit refers to
5)
Credit creation means

12th Standard Economics English Medium - Monetary Economics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the Secondary Functions.
2)
Explain other types of inflation (on the basis of inducement).
3)
Compare and contrast inflation and deflation.
4)
Explain the evolution of money.
5)
Explain the supply of Money and determinants of money supply in India.

12th Standard Economics English Medium - Monetary Economics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Illustrate Fisher’s Quantity theory of money.
2)
Explain the functions of money
3)
What are the causes and effects of inflation on the economy?
4)
Describe the phases of Trade cycle.

12th Standard Economics English Medium - Monetary Economics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the four measures of Money Supply?
2)
Explain the history of Barter System.
3)
Write a note on paper currency standard
4)
Explain the concept of Plastic Money.
5)
Explain the primary function of money.

12th Standard Economics English Medium - Monetary Economics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write a note on metallic money.
2)
What is money supply?
3)
What are the determinants of money supply?
4)
Write the types of inflation
5)
Explain Demand-pull and Cost push inflation.

12th Standard Economics English Medium - Monetary Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Name the categories of the functions of money.
2)
What are the two equations of Fisher's Quantity Theories of Money?
3)
Write a short note on wage-price spiral
4)
What is creeping inflation?
5)
What is silver standard?

12th Standard Economics English Medium - Monetary Economics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define Money.
2)
What is barter?
3)
What is commodity money?
4)
What is gold standard?
5)
What is plastic money? Give example.

12th Standard Economics English Medium - Monetary Economics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Liquid form of assets
2)
Deflation means
3)
During inflation, who are gainers?
4)
When prices are raised drastically(rapidly) we call it
5)
'Inflation is taxation without legislation' was said by______

12th Standard Economics English Medium - Monetary Economics 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The RBI Headquarters is located at
2)
Money is _____.
3)
Paper currency system is managed by the______.
4)
The basic distinction between M₁ and M₂ is with regard to
5)
Irving Fisher’s Quantity Theory of Money was popularized in

12th Standard Economics English Medium - Consumption and Investment Functions 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain consumption function with the help of diagram.
2)
What are the determinants of investment function?
3)
What are the factors on which MEC depends? Also give details on the factors which influence MEC.
4)
Explain Marginal propensity to consume and multiplier, with the help of a diagram.
5)
Draw a consumption table where autonomous consumption is Rs.200 and the marginal propensity to consume is .8. Make sure to start with an income level of Rs.0 and increase by Rs.100 each time up to an income level of Rs.400. Without completing the table any further determine the level of income where consumption and income are equal. Prove this algebraically.

12th Standard Economics English Medium - Consumption and Investment Functions 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain Keynes psychological law of consumption function with diagram.
2)
Briefly explain the subjective and objective factors of consumption function?
3)
Illustrate the working of Multiplier.
4)
Explain the operation of the Accelerator.
5)
What are the differences between MEC and MEI.

12th Standard Economics English Medium - Consumption and Investment Functions 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
When Y = 180, C = 170, find saving and APS.
2)
Write the formula for APC, MPC, APS, MPS.
3)
Draw the diagrams for Autonomous investment and induced investment.
4)
Mention the assumptions of multiplier.
5)
Explain any three limltations of leakages of multiplier.

12th Standard Economics English Medium - Consumption and Investment Functions 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
State the propositions of Keynes’s Psychological Law of Consumption
2)
Differentiate autonomous and induced investment.
3)
Explain any three subjective and objective factors influencing the consumption function.
4)
Mention the differences between accelerator and multiplier effect.
5)
State the concept of super multiplier.

12th Standard Economics English Medium - Consumption and Investment Functions 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
When Y = 120, C = 120, calculate APC.
2)
List out the assumption of psychological Law of Consumption.
3)
What are the types of investment?
4)
Write a short note of induced investment?
5)
Distinguish between positive multiplier and negative multiplier.

12th Standard Economics English Medium - Consumption and Investment Functions 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What is consumption function?
2)
What do you mean by propensity to consume?
3)
Define average propensity to consume (APC).
4)
Define marginal propensity to consume (MPC).
5)
What do you mean by propensity to save?

12th Standard Economics English Medium - Consumption and Investment Functions 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Higher Interest rates likely to
2)
If the Keynesian consumption function is C = 10 + 0.9Y then, if disposable income is Rs 1000, what is amount of total consumption?
3)
If the Keynesian consumption function is C = 10 + 0.8Y then, if disposable income is Rs 1000, what is amount of total saving?
4)
If the Keynesian consumption function is C = 10 + 0.5Y then, and disposable income is 100, what is the average propensity to consume?
5)
Decrease in consumption at any given level of income is likely to lead

12th Standard Economics English Medium - Consumption and Investment Functions 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
The average propensity to consume is measured by _____.
2)
An increase in the marginal propensity to consume will:
3)
If the Keynesian consumption function is C=10+0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?
4)
If the Keynesian consumption function is C=10+0.8Y then, when disposable income is Rs 100, what is the marginal propensity to consume?
5)
If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is ₹ 100, what is the average propensity to consume?

12th Standard Economics English Medium - Theories of Employment and Income 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Narrate the equilibrium between ADF and ASF with diagram
2)
List out all assumption of say's law of market?
3)
Draw the diagram ADF.
4)
Draw the diagram for Aggregate supply curves diagram.
5)
Comparison of Classicism and Keynesianism.

12th Standard Economics English Medium - Theories of Employment and Income 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Describe the types of unemployment.
2)
Critically explain Say’s law of market.
3)
Explain the differences between classical theory and Keynes' theory.

12th Standard Economics English Medium - Theories of Employment and Income 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the classical theory about unemployment?
2)
Write a short note on effective demand?
3)
Give the factors on which the aggregate demand depends.
4)
Write the criticism of Say's Law.
5)
What are the components of aggregate supply?

12th Standard Economics English Medium - Theories of Employment and Income 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Give short answer to the following
(i) Seasonal unemployment
(ii) Frictional unemployment
(iii) Educated unemployment
2)
According to classical theory of employment, how wage reduction solve the problem of unemployment diagramatically explain.
3)
Write short note on the implications of Say’s law
4)
Explain Keynes’ theory.
5)
What do you mean by aggregate demand ? Mention its components.

12th Standard Economics English Medium - Theories of Employment and Income 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Give short note on Cyclical unemployment?
2)
What are the four components of aggregate demand?
3)
Write the formula for aggregate supply?
4)
Write any two types of unemployment?
5)
What is Say's law of market?

12th Standard Economics English Medium - Theories of Employment and Income 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define full employment.
2)
What is the main feature of rural unemployment ?
3)
Give short note on frictional unemployment.
4)
Give reasons for labour retrenchment at present situation.
5)
List out the assumptions of Say’s law.

12th Standard Economics English Medium - Theories of Employment and Income 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Interest flexibility brings equality between __________
2)
'Full employments the absence of involuntary unemployment' was said by __________.
3)
Full employment as "that level of employment at which any further increase in spending would resort in an inflationary spiral of wages and prices" who quote this above concept.
4)
Rate of interest is a stock
5)
'Demand creates its own supply' - who said this.

12th Standard Economics English Medium - Theories of Employment and Income 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
If every able bodied person who is willing to work at the prevailing wage rate is employed called _______.
2)
Structural unemployment is a feature in a ________.
3)
In disguised unemployment, the marginal productivity of labour is _________
4)
The main concern of the Classical Economic Theory is _______.
5)
J.B. Say is a _______.

12th Standard Economics English Medium - National Income 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Discuss the method measuring the National Income by Income Method.
2)
Discuss the methods of measuring the National Income by Product Method.
3)
Discuss the Iimitations of National Income as an index of economic welfare.
4)
Explain the basic concepts of national income.
5)
Discuss the concept of “Factor Cost”.

12th Standard Economics English Medium - National Income 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the importance of national income
2)
Discuss the various methods of estimating the national income of a country.
3)
What are the difficulties involved in the measurement of national income?
4)
Discuss the importance of social accounting in economic analysis.

12th Standard Economics English Medium - National Income 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
What are the difficulties in measuring National Income?
2)
Write down the some of the statistical problems?
3)
What is Depreciation?
4)
What is Per capita income?
5)
What is Output method? What is its major challenge?

12th Standard Economics English Medium - National Income 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write a short note on per capita income.
2)
Differentiate between personal and disposable income.
3)
Explain briefly NNP at factor cost.
4)
Give short note on Expenditure method.
5)
What is the solution to the problem of double counting in the estimation of national income?

12th Standard Economics English Medium - National Income 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write the formula for calculating NDP.
2)
Write the formula for calculating per capita income.
3)
What are the methods of measuring National Income?
4)
What do you mean by Real Income?
5)
What do you mean by National Income?

12th Standard Economics English Medium - National Income 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define National Income.
2)
Write the formula for calculating GNP.
3)
What is the difference between NNP and NDP?
4)
Trace the relationship between GNP and NNP.
5)
What do you mean by the term ‘Personal Income’?

12th Standard Economics English Medium - National Income 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
GNP stands for
2)
GDP stands for
3)
Formula for calculating NNP at factor cost.
4)
Value of output =
5)
Percapita Income =

12th Standard Economics English Medium - National Income 1 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Net National product at factor cost is also known as
2)
Primary sector is ________
3)
National income is measured by using_______ methods.
4)
Income method is measured by summing up of all forms of__________
5)
Which is the largest figure?

12th Standard Economics English Medium - Introduction to Macro Economics 5 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Explain the four sector circular flow model.
2)
Explain the merits of socialism.
3)
Explain the Demerits of capitalism.
4)
Explain the merits of Mixed Economy.
5)
Explain the three sector model of economy with chart.

12th Standard Economics English Medium - Introduction to Macro Economics 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Discuss the scope of Macro Economics.
2)
Illustrate the functioning of an economy based on its activities
3)
Compare the features of capitalism and socialism.
4)
Compare the features among Capitalism, Secularism and Mixedism

12th Standard Economics English Medium - Introduction to Macro Economics 3 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Outline major demerits of capitalism.
2)
Write any two demerits of capitalism.
3)
Draw the Circular flow of income in a three sector economy.
4)
Explain any two merits of socialism.
5)
What are the demerits of mixed economy?

12th Standard Economics English Medium - Introduction to Macro Economics 3 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
State the importance of Macro Economics.
2)
Describe the different types of economic systems.
3)
Outline the major merits of capitalism.
4)
Indicate the demerits of socialism.
5)
Enumerate the features of mixed economy.

12th Standard Economics English Medium - Introduction to Macro Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Write down the three types of economic systems.
2)
What is Globalism?
3)
What are the demerits of socialism?
4)
What do you mean by Socialism?
5)
What is Mixed Economy?

12th Standard Economics English Medium - Introduction to Macro Economics 2 Mark Book Back Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
Define Macro Economics
2)
Define the term ‘Inflation'.
3)
What is meant by an ‘Economy’?
4)
Classify the economies based on status of development.
5)
What do you mean by Capitalism?

12th Standard Economics English Medium - Introduction to Macro Economics 1 Mark Creative Question Paper and Answer Key 2022 - 2023 - by Study Materials - View & Read

1)
A steady fall in general price level is termed as ___________.
2)
Micro means __________.
3)
Macro means ________.
4)
Macro economics is also known as __________.
5)
Planned economy is also known as _________.

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12th Standard Economics English Medium Reduced Syllabus 2020 - 2021 - by QB Admin Jan 23, 2021 Jan 23, 2021

Reduced Syllabus and Chapters for 12th Standard Economics English Medium

12th Economics Unit 1,2, and 3 One Mark Questions with Answer Key - Download - by Question Bank Software Oct 05, 2019 Oct 05, 2019

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TN Stateboard Updated Class 12th Economics Syllabus

Introduction to Macro Economics

Introduction - Meaning of Macro Economics - Importance of Macro Economics - Scope of Macro Economics - Limitations - Economy and its Types - Economic Systems - Concepts of Macro Economics - Circular flow of Income

National Income

Introduction - Meaning of National Income - Definitions - Basic Concepts of National Income - Methods of Measuring National Income - Importance of National Income Analysis - Difficulties in Measuring National Income - National Income and Social Accounting

Theories of Employment and Income

Introduction - Meaning of Full Employment - Unemployment and its types - Classical Theory of Employment - Keynes Theory of Employment and Income - Effective Demand - Comparison of Classicism and Keynesianism

Consumption and Investment Functions

Introduction - Consumption Function - Investment Function - Multiplier - The Accelerator Principle - Super Multiplier: (K and \(\beta \) interaction)

Monetary Economics

Introduction - Money - Supply of Money - Quantity Theories of Money - Inflation - Meaning of Deflation, Disinflation and Stagflation - Trade Cycle

Banking

Introduction - Historical Development - Commercial Banks - Non-Banking Financial Institution (NBFI) - Central Bank - The Agricultural Refinance Development Corporation (ARDC) - Regional Rural Banks (RRBs) - NABARD and its role in Agricultural Credit - Reserve Bank of India and Industrial Finance - Monetary Policy - Recent Advancements in Banking Sector - Money Market - Capital Market - Demonetisation

International Economics

Introduction - Meaning of International Economics - Subject matter of International Economics - Meaning of Trade - Theories of International Trade - Gains from International Trade - Terms of Trade - Balance of Trade Vs Balance of Payment - Exchange Rate - Foreign Direct Investment (FDI) and Trade

International Economic Organisations

Introduction - International Monetary Fund - International Bank for Reconstruction and Development (IBRD) or World Bank - World Trade Organization - Trade Blocks - South Asia Association for Regional Cooperation (SAARC) - Association of South East Asian Nations (ASEAN) - BRICS

Fiscal Economics

Introduction - Meaning of Public Finance - Definition - Subject Matter / Scope of public finance - Public finance and Private finance - Function of Modern State - Public Expenditure - Public Revenue - Introduction - Tax Revenue - Public Debt - Budgets - Federal finance - Local finance - Fiscal Policy

Environmental Economics

Introduction - Meaning of Environment - Eco System - Linkage between Economy and Environment - Environmental Goods - Environmental Quality - Pollution - Global Warming - Climate Change - Acid Rain - e-Wastes - Sustainable Development - Green Initiatives - Organic Farming - Tree Plantation - Seed Ball

Economics of Development and Planning

Meaning of Development and under development - Economic Growth Vs Economic Development - Measurement of Economic Development - Determinants of Economic Development - Economic and Non-Economic Factors - Vicious Circle of Poverty - Planning - Types of Planning - NlTI Aayog

Introduction to Statistical Methods and Econometrics

Etymology and milestones of Statistics in Global Level - Evolution of Statistics in India - Definition of Statistics - Characteristics and Functions of Statistics - Nature of Statistics - Scope of Statistics - Limitations of Statistics - Types of Statistics - Data - Arithmetic Mean or Mean (X) - Standard Deviation (\(\sigma\)) - Correlation (Y) - Regression - Introduction to Econometrics - Official Statistics

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Updated Chapters in 12th Standard Economics

Introduction to Macro Economics

National Income

Theories of Employment and Income

Consumption and Investment Functions

Monetary Economics

Banking

International Economics

International Economic Organisations

Fiscal Economics

Environmental Economics

Economics of Development and Planning

Introduction to Statistical Methods and Econometrics

Demand of Product X	23	27	28	29	30	31	33	35	36	39
Sale of Product Y:	18	22	23	24	25	26	28	29	30	32

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