{"id":17607,"date":"2022-05-24T07:00:16","date_gmt":"2022-05-24T01:30:16","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=17607"},"modified":"2022-05-16T15:23:21","modified_gmt":"2022-05-16T09:53:21","slug":"mcq-questions-for-class-12-economics-chapter-1-part-a","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/mcq-questions-for-class-12-economics-chapter-1-part-a\/","title":{"rendered":"MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Economics with Answers<\/a>. You can also verify your answers from our provided Introduction to Macroeconomics Class 12 MCQs Questions with Answers. So, ace up your preparation with MCQ on Introduction to Macroeconomics Class 12 Objective Questions.<\/p>\n

Introduction to Macroeconomics Class 12 MCQs Questions with Answers<\/h2>\n

Choose the correct alternative.<\/span><\/p>\n

Question 1.
\nWhat is known as the study of individual units?
\n(a) Macroeconomics
\n(b) Microeconomics
\n(c) Income and employment theory
\n(d) Development economics<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Microeconomics<\/p>\n<\/details>\n

\n

Question 2.
\nThe study of aggregates is known as
\n(a) Macroeconomics
\n(b) Microeconomics
\n(c) Price theory
\n(d) Factor price determination<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Macroeconomics<\/p>\n<\/details>\n

\n

Question 3.
\nWhat is the name of the book written by J.M. Keynes?
\n(a) The Wealth of Nation
\n(b) The General Theory of Employment, Interest, and Money
\n(c) Political Economy
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) The General Theory of Employment, Interest, and Money<\/p>\n<\/details>\n

\n

Question 4.
\nWhen was the famous book of Prof. Keynes published?
\n(a) 1930
\n(b) 1931
\n(c) 1936
\n(d) 1940<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) 1936<\/p>\n<\/details>\n

\n

Question 5.
\nWhen did the great depression occur?
\n(a) 1929-30
\n(b) 1934-35
\n(c) 1938-39
\n(d) 1941-42<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) 1929-30<\/p>\n<\/details>\n

\n

Question 6.
\nWho is known as the father of modern macroeconomics?
\n(a) Adam Smith
\n(b) J. M. Keynes
\n(c) Samuelson
\n(d) Hicks<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) J. M. Keynes<\/p>\n<\/details>\n

\n

Question 7.
\nMr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
\n(a) Microeconomics
\n(b) Price theory
\n(c) Factor price determination
\n(d) Macroeconomics<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Macroeconomics<\/p>\n<\/details>\n

\n

Fill in the blanks with the correct word.<\/span><\/p>\n

Question 8.
\nThe mother of all economic problems is _______<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: scarcity<\/p>\n<\/details>\n

\n

Question 9.
\nMacroeconomics is defined as that branch of economics which studies economic activities of an economy as a _______<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: whole<\/p>\n<\/details>\n

\n

Question 10.
\n______ was the founding father of modern economics.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Adam Smith<\/p>\n<\/details>\n

\n

Question 11.
\nKeynes book on Income and Employment came to light in the year ________<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: 1936<\/p>\n<\/details>\n

\n

Question 12.
\nAggregate Demand is the sum total of consumption and _______<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: investment<\/p>\n<\/details>\n

\n

Question 13.
\nThe period of the Great Depression was from _______<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: 1929-33<\/p>\n<\/details>\n

\n

State whether the following statements are True or False.<\/span><\/p>\n

Question 14.
\nCapital, land, labour, and entrepreneur are the factors of production.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 15.
\nThe expenses which raise productive capacity are known as investment expenditure.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 16.
\nThe domestic country may sell goods to the rest of the world. It is called imports.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 17.
\nThe capitalist economy works for social welfare.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 18.
\nMicroeconomics deals with the aggregate economic variable of an economy.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 19.
\n\u2018Save more\u2019 is always a virtue.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Match the alternatives given in Column II with respective terms in Column I.<\/span><\/p>\n

Question 20.<\/p>\n\n\n\n\n\n\n\n\n
Column I<\/td>\nColumn II<\/td>\n<\/tr>\n
(i) Macroeconomic variable<\/td>\n(a) 1936<\/td>\n<\/tr>\n
(ii) Microeconomic variable<\/td>\n(b) Rate of inflation<\/td>\n<\/tr>\n
(iii) Capitalism<\/td>\n(c) Private ownership<\/td>\n<\/tr>\n
(iv) The Great Economic Depression<\/td>\n(d) Demand for cars<\/td>\n<\/tr>\n
(v) General Theory of Employment, Interest, and Money<\/td>\n(e) 1929<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nAnswer<\/span><\/summary>\n

Answer:<\/p>\n\n\n\n\n\n\n\n\n
Column I<\/td>\nColumn II<\/td>\n<\/tr>\n
(i) Macroeconomic variable<\/td>\n(b) Rate of inflation<\/td>\n<\/tr>\n
(ii) Microeconomic variable<\/td>\n(d) Demand for cars<\/td>\n<\/tr>\n
(iii) Capitalism<\/td>\n(c) Private ownership<\/td>\n<\/tr>\n
(iv) The Great Economic Depression<\/td>\n(e) 1929<\/td>\n<\/tr>\n
(v) General Theory of Employment, Interest and Money<\/td>\n(a) 1936<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/details>\n
\n

Use the above-provided NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 12 Economics Introduction to Macroeconomics MCQs Multiple Choice Questions with Answers then leave your comments below. We\u2019ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Economics with Answers. You can also verify your answers from our provided Introduction …<\/p>\n

MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[35],"tags":[],"yoast_head":"\nMCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/mcq-questions-for-class-12-economics-chapter-1-part-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download are compiled here to get good practice on all fundamentals. 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