Introduction to Macroeconomics MCQ Class 12 Economics Chapter 1 Ans

Introduction to Macroeconomics MCQ Questions for Class 12 Economics Chapter 1 with Answers

We have compiled the NCERT/CBSE chapter-wise Multiple Choice Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers by expert subject teacher for latest syllabus and examination. Prepare effectively for the exam taking the help of the Class 12 Economics Objective Questions PDF free of cost from here. Students also can take a free test of the Multiple Choice Questions of Introduction to Macroeconomics. Each question has four options followed by the right answer. Download the Economics Quiz Questions with Answers for Class 12 Pdf and prepare to help students understand the concept very well.

MCQ Questions for Class 12 Macroeconomics with Answers: Introductory Macroeconomics

Q1. When did the great depression occur?

(i) 1929-30
(ii) 1934-35
(iii) 1938-39
(iv) 1941-42

(i) 1929-30

Q2. When was the famous book of Prof. Keynes published?

(i) 1930
(ii) 1931
(iii) 1936
(iv) 1940

(iii) 1936

Q3. The formula for calculating simple multiplier is

(i) 1/1-MPC
(ii) 1/MPC=MPS
(iii) 1/1-MPS
(iv) 1/MPC+MPS

(i) 1/1-MPC

Q4. Which among the following does not have the application of multiplier

(i) Determination of income
(ii) Fiscal policy
(iii) Monetary policy
(iv) Foreign direct investment

(iii) Monetary policy

Q5. Who is known as the father of modern macroeconomics?

(i) Adam Smith
(ii) J. M. Keynes
(iii) Samuelson
(iv) Hicks

(ii) J. M. Keynes

Q6. Who is known as the father of modern macroeconomics?

(i) Adam Smith
(ii) J. M. Keynes
(iii) Samuelson
(iv) Hicks

(ii) J. M. Keynes

Q7. The formula for calculating investment multiplier is

(i) Δ Y/ ΔI
(ii) ΔY+Δ I
(iii) ΔI/ΔY
(iv) Δ C+ ΔI

(i) Δ Y/ ΔI

Q8. Economy may be classified as:

(i) Capitalist
(ii) Socialist
(iii) Mixed
(iv) All of these

(iv) All of these

Q9. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?

(i) Microeconomics
(ii) Price theory
(iii) Factor price determination
(iv) Macroeconomics

(iv) Macroeconomics

Q10. What is known as the study of individual units?

(i) Macroeconomics
(ii) Microeconomics
(iii) Income and Employment Theory
(iv) Development economics

(ii) Microeconomics

Q11. In Keynes consumption theory the chief factor that determines consumption expenditure is

(i) Personal income
(ii) Relative income
(iii) Permanent income
(iv) Disposable income

(iv) Disposable income

Q12. The central problem of an economy is:

(i) What to produce ?
(ii) How to produce ?
(iii) How to distribute produced goods ?
(iv) All of these

(iv) All of these

Q13. The study of aggregates is known as

(i) Macroeconomics
(ii) Microeconomics
(iii) Price theory
(iv) Factor price determination

(i) Macroeconomics

Q14. What is the main cause of all economic problems?

(i) Abundance
(ii) Convenience
(iii) Scarcity
(iv) None of these

(iii) Scarcity

Q15. Domestic factor income is another name for:

(i) NDP FC FF
(ii) NNP MP
(iii) GDP FC
(iv) NNP FC

(i) NDP FC FF

Q16. The basic factors of production are land, labour, capital, and _.

(i) Enterprise
(ii) Investment
(iii) Machinery
(iv) Resources

(i) Enterprise

Q17. What is the name of the book written by J.M. Keynes?

(i) The Wealth of Nation
(ii) The General Theory of Employment, Interest, and Money
(iii) Political Economy
(iv) None of these

(ii) The General Theory of Employment, Interest, and Money

Q18. Which of the following is NOT considered a factor income?

(i) Rent
(ii) Wage
(iii)Profit
(iv) Gifts from Abroad

(iv) Gifts from Abroad

Q19. Which of the following is studied under Macro Economics ?

(i) National Income
(ii) Full. Employment
(iii) Total Production
(iv) All of these

(iv) All of these

We Think the given NCERT MCQ Questions for class 12 Economics book Chapter 1 Introduction to Macroeconomics with Answers Pdf free download will assist you. If you’ve got any queries regarding CBSE Class 12 Economics Introduction to Macroeconomics MCQs Multiple Choice Questions with Answers, drop a comment below and that we will come back to you soon.

MCQ Questions for Class 12 Macro 12 with Answers: Introductory Macro 12

MCQ Questions for Class 12 12 Indian Economic Development with Answers

Leave a Comment