SAMPLE PAPER OF ECONOMICS WITH MCQ’s

SAMPLE PAPER OF ECONOMICS WITH MCQ’s

SESSION -2019-20

CLASS XII

SECTION A (MACRO ECONOMICS Q1. Classification of goods depends on:

a) End use

b) Boundary line

c) Intermediate

d) Final (1)

Ans(a)

Q2.Wealth is an example of which variable?

a) Both stock and flow

b) Flow

c) Stock

d) Neither B nor C. (1)

Ans(c))

Q3. National income is commonly denoted as:

a) NDPmp

b) NNPnp

c) NNPfc

d) NDPfc (1)

Ans(c)

Q4. Match the following:

Column A column B

a) Old age pensions 1.positive or negative

b) Direct taxes 2.transfer payment

c) Transfer payments 3.burden cannot be shifted

d) Externality 4.unilateral (1)

Ans a=2, b=3, c=4, d=1

Q5. What is not true about barter system?

a) Goods exchanged for goods

b) Double coincidence of wants

c) Commodity for commodity

d) Goods exchanged for money. (1)

Ans (d)

Q6. Credit cards issued by the banks:

a) Encourage consumer spending

b) Increase aggregate demand

c) Both a and b

d) None of these (1)

Ans (c)

Q7. When saving changes from-30 to -20, then change in saving is equal to:

a) -10

b) 10

c) -20

d) -30 (1)

Ans (b)

Q8. If MPC =0, the multiplier will be=

a) 1--

b) 0

c) 2

d) Infinity (1)

e) Ans (a)

Q9.Financial help to a victim is:

a) Transfer payment

b) Factor income

c) Net factor income from abroad

d) None of these.

Ans: (a)

Q10.Bank money is that money which is:

a) Printed by RBI

b) Printed by the govt

c) Generated in the form of credit creation


Ans: (C)

Q11 The main aim of the commercial bank is:

a) Social welfare

b) To earn profit

c) To provide service to people

d) None of these

Ans: (b) (1)

Q12. Excess demand leads to:

a) Inflationary gap

b) Rise in prices

c) Rise in employment level

d) Both a and b (1)

Ans(d)

Q13.Which of the following is an indirect tax?

a) Wealth tax

b) Excise duty

c) Income tax


Ans (b)

Q14.Cause of BOP imbalance relates to:

a) Autonomous items

b) Accommodating items

c) Both a and b

d) Neither a nor b (10

Ans (a)

Q15. Which of the following are the objectives of government budget?

a) Distribution of income and wealth

b) Economic stability

c) GDP growth

d) All o0f these

Ans (d)

SECTION B (INDIAN ECONOMIC DEVELOPMENT)

Q16. Indian economy on the eve of independence was:

a) Stagnant economy

b) Backward economy

c) Colonial economy

d) all of these (1)

Ans(d)

Q17. When was the planning commission established?

a) 1947

b) 1950

c) 1948

d) 1951

Ans(b) (1)

Q18. Technical reformsinclude:

a) Use of HYV

b) Use of chemical fertilizers

c) Use of manure

d) Both a and b (1)

Ans(d)

Q19. Public sector considers:

a) Profit

b) Social welfare

c) Only a


Ans (b)

Q20 Which is India’s highest exporting category?

a)Gems and jewellery

b) Agri products

c) Readymade garments

d) Coffee (1)

Ans (a)

Q21When was Economic reforms started?

a) 1991

b) 1990

c) 1992

d) 1993 (1)

Ans (a)

Q22. Rural poor includes:

a) Landless laboures only

b) Marginal farmers only

c) Tenants at will only

d) All of these (1)

Ans (d)

Q23. What is said to be the problem of human capital formation in India?

a) Brain drain

b) Low academic standards

c) Rising population

d) All of these (1)

Ans (d)

Q24. Which of the following is not related to agricultural marketing?

a) Storage

b) Preservation

c) Processing

d) Use of chemical fertilizers ()1

Ans (d)

Q25.Less employment of females in comparison to males is an indication of:

a) Economic backwardness

b) Social backwardness

c) Both a and b


Ans (c)

Q26. Health infrastructure in India is biased against:

a) The rich

b) The poor

c) Both a and b


Ans (b)

Q27. Which of the following is an element of environment?

a) Air

b) Land

c) Weather

d) Electricity (1)

Ans (d)

Q28. India and Pakistan are relying more on :

a) Primary sector

b) Secondary sector

c) Tertiary sector

d) None of these

(1)

Ans (b)

Q29. Which of the following is an indicator of HDI?

a) Life expectancy

b) Educational achievement

c) Both a and b


Ans (c)

Q30. Overall literacy rate (census 2011) in India) is:

a) 74%

b) 56%

c) 65%

d) 60% (1)

Ans (a)


SESSION -2019-20

CLASS XI

SECTION A (MICRO ECONOMICS

Q1. Optimum allocation of resources relate to ……….

a) What to produce

b) How to produce

c) For whom to produce

d) All of the above (1)

Ans (d)

Q2. Price line is alternatively known as……..

a) Budget line

b) Market offer curve

c) Market opportunity curve

d) All of these

Ans (d)

Q3. Apples and ice-creams are the examples of which type of goods?

a) Abnormal good

b) Normal good

c) Substitute good

d) Complementary good (1)

Ans (b)

Q4. Relationship between price and demand in elasticity of demand is of ------ nature?

a) Qualitative

b) Quantitative

c) Competitive


Ans (b)

Q5. Those benefits which are available to a firm from its own activities are known as:

a) Internal economies

b) External economies

c) Internal and external economies

d) All of the above (1)

Ans (a)

Q6. Supply during very short period would be…?

a) Perfectly elastic

b) Perfectly inelastic

c) Elastic

d) None of these. (1)

Ans (b)

Q7. Those costs which do not change with the level of outputare known as :

a) Fixed cost

b) Variable cost

c) Production cost

d) Implicit cost (1)

Ans (a)

Q8. What is the shape of AR under perfect competition?

a) Parallel to Y axis

b) Parallel to X axis

c) Rising upward straight line

d) None of the above (10

Ans (b)

Q9. A producer is in equilibrium, when:

a) Maximum satisfaction

b) Maximum profit

c) Minimum cost

d) Any of these (1)

Ans (b)

Q10. A firm is not a price maker under:

a) Oligopoly

b) Monopoly

c) Monopolistic competition

d) Perfect competition (1)

Ans (d)

Q11. What is the coordinating force between buyers and sellers?

a) Cost of the product

b) Market price

c) Industry

d) Firm (1)

Ans(b)

Q12. Total revenue is+

a) ARxQ

b) Sum total of MR

c) Both a and b

d) None of the above (1)

Ans (c)

Q13. When AC rise, MC also rises……?

a) Less fastly

b) Sharply

c) Constantly


Ans(b)

Q14. Which of the following is a reason for decrease in supply?

a) Fall in factor prices

b) Fall in the prices of substitute goods

c) Rise in the factor prices

d) All of these (1)

Ans (c)

Q15.Which of the following is a fixed factor of production?

a) Labour

b) Raw material

c) Building

d) Electricity (1)

Section b

Q16. Statistics in plural sense deals with:

a) Numerical information

b) Methods of collection of data

c) Methods of presentation of data

d) Both a and b (1)

Ans (a)

Q17. ___________ are headings of horizontal rows:

a) Cells

b) Stubs

c) Fields


Ans (b)

Q18. What out of the following is a positional average?

a) Median

b) Mode

c) Neither a nor b

d) Both a and b (1)

Ans (d)

Q19. Difference between the largest item and the smallest item of the distribution:

Range

Mean deviation

Standard deviation

Quartile deviation (1)

Ans (a)

Q20. The value of correlation co-efficient lies between:

a) 0 and 1

b) 0 and -1

c) -1 and 1


Ans (c)

Q21 Axis divides the plain of a paper into:

a) Two quadrants

b) Three quadrants

c) Four quadrants


e) Ans (c)

Q22 .Out of the following, by which method mode can be calculated?

a) Inspection method

b) Grouping method

c) Both a and b


Ans (c)

Q23. Histogram represents ___________ series

a) Individual

b) Discrete

c) Continuous


Ans (c)

Q24. The point of intersection of ‘less than ogive’ and more than ogive’ gives us the value of ____.

a) Mean

b) Standard deviation

c) Neither a nor b

d) Median (1)

Q25. Variance is square of___________.

a) Mean deviation

b) Mode

c) Both a and b

d) Standard deviation. (1)

Q26. The correlation between price of a car and demand of a pen is:

a) Positive

b) Negative

c) Zero


Ans (c)

Q27.Index number for the base year period is:

a) 1

b) Zero

c) 100


Ans (c)

Q28. Line of equal distribution makes an angle of ____ at the origin.

a) 65 degree

b) 90 degree

c) 45 degree

d) All of these (1)

Ans (c)

Q29. Which average is affected by the extreme values?

a) Mean

b) Mode

c) Median

d) Both a and c (1)

Ans(a)

Q30. Graphic method of finding dispersion is:

a) Mode

b) Median

c) Ogive

d) Lorenz curve (1)

Ans(d)


SESSION -2019-20

CLASS X

SUBJECT ECONOMICS

Q1. A person is considered as overweight if his BMI is:

a) More than 25

b) Less than 18

c) Less than 20

d) Less than 22 (1)

Ans (a)

Q2. Besides seeking more income, people also want:

a) Equal treatment

b) Freedom

c) Security

d) All of these (1)

Ans (d)

Q3. Ground water is a:

a) Renewable resource

b) Non renewable resource

c) Reserve stock


Ans (a)

Q4. Which of the following not an example of basic services?

a) Hospitals

b) Educational institutions

c) Police stations

d) Garment shops (1)

Ans (d)

Q5.National rural employment guarantee act 2005 is referred to as:

a) Right to information

b) Right to work

c) Right to live

d) Right to study (1)

Ans (b)

Q6. The occupation of a fisherman comes under:

a) Primary sector

b) Secondary sector

c) Tertiary sector


Ans (a)

Q7. Who supervises the functioning of formal sources of loans?

a) RBI

b) SBI

c) CBI

d) Informal money lenders (1)

Ans(a)

Q8. Wchich of the following does not come under terms of credit?

a) Interest rate

b) Employment

c) Collateral

d) Mode of repayment (1)

Ans(b)

Q9. What are electronic banking services?

a) ATM

b) Debit Card

c) Credit card

d) All of these (1)

Ans(d)

Q10. A company that owns or controls production in more than one nation is called:

a) Foreign company

b) Multinational company

c) International company

d) Local company (1)

Ans (b)

Q11. What is the full form of WTO?

a) War trade organization

b) Wealth trade organization

c) World trade organization


Ans (c)

Q12. Which of the following is not an MNC?

a) Reebok shoes

b) Tatamotors

c) SAIL

d) Infisys (10

Ans (c)

Q13.What is the investments made by MNC’S called?

a) Foreign investment

b) International investment

c) Multinational investment


Ans (a)

Q14.Disguised unemployment is a situation when:

a) a person does not have a job

b) a person does not want to work

c) a person is incapable of doing work

d) a person is doing some work but is not fully employed. (1)

Ans (d)

Q15. How do the ration shops under PDS help people?

a) by maintaining the nutritional status of the people

b) by making food available at a low cost

c) both a and b

d) none of the above (1)

Ans(c)


SESSION -2019-20

CLASS IX

SUBJECT ECONOMICS

Q1. Village Palampur is well connected with:

a) villages

b) towns

c) both a and b

d) none of the above (1)

Ans (c)

Q2. What is the full form of HYV:

a) high yielding variety

b) high yawn variety

c) both a and b

d) only b (10

Ans (a)

Q3 What is the total number of families living in the village palampur?

a) 300

b) 450

c) 250

d) None of these (10

Ans (b)

Q4. Who has opened a computer class in thje village?

a) Kasim

b) Kabir

c) Kareem


Ans (c)

Q5.Vilas was suffering from:

a) Cold

b) Arthritis

c) Berry berry

d) Cancer (1)

Ans (b)

Q6.Education contributes to the:

a) Growth of fruits

b) Growth of vegetables

c) Both a and b

d) Growth of a society (1)

Ans(d)

Q7.What is the full form of IMR?

a) Infant mother rate

b) Informal mortality rate

c) A only

d) Infant mortality rate (1)

Ans (d)

Q8. How is employment structure characterized in the primary sector?

a) Self employment

b) Self empowerment

c) Self realization

d) Both b and c (1)

Ans (a)

Q9.Ram saran works as:

a) Teacher

b) Lawyer

c) Police

d) Daily wage labourer (1)

Ans (d)

Q10 Poverty ratio during the year 2011-12 was:

a) 20%

b) 32.7%

c) 18.9%%


Ans (d)

Q11. Where is Karur town located?

a) Andhra Pradesh

b) Tamil nadu

c) Himachal Pradesh

d) None of these (10

Ans (b)

Q12. What is food security?

a) Accessibility

b) Availability

c) Affordability

d) All of these (1)

Ans (d)

Q13. Who is food insecure?

a) Landless people

b) Beggars

c) Self employed

d) All of the above. (1)

Ans (d)

Q14.Ahmed is a:

a) Rickshaw puller

b) Car driver

c) Artisan


Ans (a)

Q15. What does MSP stand for?

a) Maximum support price

b) Minimum support price

c) Both a and b

d) None of the above (1)

Ans (b)

SAMPLE PAPER OF ECONOMICS WITH MCQ’s

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