XII Standard - 12th - Accountancy - Second Midterm Test Question Paper - Samacheer Kalvi

 

SECOND MID TERM TEST 

Class:XII                                                                                 Total:50

Sub:Economics                                                                       Time:2:00 Hrs

PART-A

Choose the correct answer from the given options below                          10x1=10

 

1. GST is equivalence of___________________.

a) Sales tax               b) Corporation tax             c) Income tax                       d) Local tax

2. Which of the following canons of taxation was not listed by Adam smith?

a) Canon of equality                                              b) Canon of certainty                   

c) Canon of convenience                                      d) Canon of simplicity

3. Finance Commission determines _____________________.

a) The finances of Government of India          b) The resources transfer to the states

c) The resources transfer to the various departments         d) None of the above

4. The word biotic means environment___________________.

a) living                     b) non-living                        c) physical                d) None of the above

5. The common source of outdoor air pollution is caused by combustion processes from the following_______.

a) Heating and cooking    b) Traditional stoves          c) Motor vehicles    d) All the above

6. Alkali soils are predominantly located in the ------------ plains.

a) Indus-Ganga                   b) North-Indian                  c) Gangetic plains   d) All the above

7. The supply side vicious circle of poverty suggests that poor nations remain poor because_____________.

a) Saving remains low                                           b) Investment remains low        

c) There is a lack of effective government      d) a and b above

8. M.N. Roy was associated with _________________.

a) Congress Plan     b) People’s Plan                  c) Bombay Plan       d) None of the above

9. Expansion of NITI Aayog.

a) National Institute to Transform India                     

b) National Institute for Transforming India

c) National Institution to Transform India                 

d) National Institution for Transforming India

10. “Protection of the environment operations Act” was set up in ____________.

a) 1999                                 b) 1997                                 c) 1996                                  d) 1998

 

PART-B

Answer any Five questions. Question No. 17 is compulsory                      5x2=10

11. Write a short note on zero based budget.

12. What are the components of GST?

13. State the meaning of environment.

14. What are the remedial measures to control noise pollution?

15. Specify the meaning of seed ball.

16. What are the social indicators of economic development?

17. Write a note on the “Lungs of the Earth”.

PART-C

Answer any Five Questions. Q.NO 24 is compulsory.                               5x3=15

 

18. Mention any three similarities between public finance and private finance.

19. Point out any three differences between direct tax and indirect tax.

20. Mention any three methods of redemption of public debt.

21. Elucidate major causes of vicious circle of poverty with diagram

22. Describe the case for planning.

23. Describe the Canons of Taxations.

24. What are the functions of NITI Aayog?

 

PART-D

Answer all the questions:                                                                           3x5=15

 

25. a) Explain the scope of public finance.

                                    (OR)

      b) What are the reasons for the recent growth in public expenditure?

26. a) Explain the concepts of externality and its classification

                                    (OR)

      b) Explain the importance of sustainable development and its goals.

27. a) Describe different types of Planning.

                                    (OR)

       b) Bring out the arguments against planning.