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

Check the below NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. We have provided Introduction to Macroeconomics Class 12 Economics MCQs Questions with Answers to help students understand the concept very well.


Q1. What is known as the study of individual units?

(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics

(B) Microeconomics


Q2. What is the main cause of all economic problems?

(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these

(C) Scarcity


Q3. Study of aggregates is known as _

(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination

(A) Macroeconomics


Q4. What is the name of the book written by J.M. Keynes?

(A) Wealth of Nation
(B) Political economy
(C) The General Theory of Employment, Interest and Money
(D) None of these

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


Q5. When was the famous book of Prof. Keynes published?

(A) 1930
(B) 1931
(C) 1936
(D) 1940

(C) 1936


Q6. When did the great depression occur?

(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42

(A) 1929-30


Q7. Who is known as the father of modern macroeconomics?

(A) Adam Smith
(B) J.M.Keynes
(C) Samuelson
(D) Hicks

(B) J.M.Keynes


Q8. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?

(A) Microeconomics
(B) Price theory
(C) Factor price determination
(D) Macroeconomics

(D) Macroeconomics


Q9. The mother of all economic problems is —–

scarcity


Q10. Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a —–

whole


Q11. —–was the founding father of modern economics.

Adam Smith


Q12. Keynes book on Income and Employment came into light in the year—-

1936


Q13. Aggregate Demand is the sum total of consumption and—–

investment


Q14. The period of the great depression was from—-

1929-33


Q15. Capital, land, labour, and entrepreneur are the factors of production.

True


Q16. The expenses which raise productive capacity are known as investment expenditure.

True


Q17. The domestic country may sell goods to the rest of the world. It is called imports.

False


Q18. The domestic country may buy goods from the rest of the world. It is called exports.

False


Q19. The capitalist economy works for social welfare.

False


Q20. Microeconomics deals with the aggregate economic variable of an economy.

False


Q21. ‘Save more’ is always a virtue.

False


Class 12 Macroeconomics MCQ with Answers: Introductory Macroeconomics

Chapter 1: Introduction to Macroeconomics
Chapter 2: National Income Accounting
Chapter 3: Money and Banking
Chapter 4: Determination of Income and Employment
Chapter 5: Government Budget and the Economy
Chapter 6: Open Economy Macroeconomics

Class 12 Economics Indian Economic Development MCQ with Answers

Chapter 1: Indian Economy on the Eve of Independence
Chapter 2: Indian Economy 1950-1990
Chapter 3: Liberalisation, Privatisation and Globalisation: An Appraisal
Chapter 4: Poverty
Chapter 5: Human Capital Formation in India
Chapter 6: Rural Development
Chapter 7: Employment: Growth, Informalisation and Other Issues
Chapter 8: Infrastructure
Chapter 9: Environment and Sustainable Development
Chapter 10: Comparative Development Experiences of India and its Neighbours

Unit 6: Development Experience (1947-90) and Economic Reforms Since 1991
Unit 7: Current Challenges Facing Indian Economy
Unit 8: Development Experience of India: A Comparison with Neighbours

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