Tamil Nadu (English Medium) Plus 1 Humanities Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 The idea of convergence of GDP suggests that

(A) All countries will eventually join the EEC	(B)Poorer countries have higher capital labour ratios than richer countries
(C)Poorer less developed countries will catch up with richer ones	(D)The gap between countries GDP per head will widen

Question-2 Economic growth can be measured by

(A) NNI	(B)GNP
(C)GDP	(D)MPC

Question-3 Economic growth can be seen by an outward shift of

(A) The production possibility frontier	(B) The gross domestic barrier
(C)The marginal consumption frontier	(D) The minimum efficient scale

Question-4 The best way to achieved economic growth is to

(A) Increase government spending	(B)Save more
(C)Reduce taxation	(D)Increase personal consumption

Question-5 The father of New Economics is

(A) Adam Smith	(B)Marshall
(C)Karlmarx	(D)J.M. Keynes

Question-6 The author of Arthashasthra is

(A) Thiruvalluvar	(B)Kautilya
(C)Jawaharlal Nehru	(D)Mahatma Gandhi

Question-7 Gross National Product equals:

(A) Net National Product adjusted for inflation	(B)Gross Domestic Product adjusted for inflation
(C) Gross Domestic Product plus net property income from abroad	(D)Net National Product plus net property income from abroad

Question-8 The physiocrats considered only the following as productive occupation.

(A) Manufacturing industry	(B)Agriculture
(C) Service sector	(D)Soldiers

Question-9 Open market operations occur when the government

(A) Reduces spending	(B)Buys and sells bonds and securities
(C)Increases taxation	(D)Increases the exchange rate

Question-10 Which one of the following is not a theory of economic development

(A) The Marxist theory	(B)Rostow's stages of growth
(C)The English classical theory	(D)Samuelson's Revealed Preference theory

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Plus 1 Humanities

Tamil Nadu (English Medium)

Practice in Related Chapters
Economic Growth and Development
Population
Poverty and Unemployment
Economic Planning
Banking
Agriculture
Measures of Variability
Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income