MCQ Economics Class 12 Chapter 1 Introduction Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. Interest rates and bond prices are:positively relatednegatively relatednot relatedEither A or BQuestion 1 of 152. (“Economics is a science of logic)’’ Who said it ?HicksKeynesRobbinsMarshallQuestion 2 of 153. An increase in planned investment spending causes aggregate output to:increase by an amount equal to the change in investment spending.increase by an amount less than the change in investment spending.increase by an amount greater than the change in investment spending.decrease by an amount less than the change in investmentQuestion 3 of 154. Which among the following does not have the application of multiplierDetermination of incomeFiscal policyMonetary policyForeign direct investmentQuestion 4 of 155. Broker's commission on sale and purchase of second hand goods is included in national income because:It is a part of compensation of employeesIt is a part of GRoss Domestic Capital Formationit is an income earned for rendering productive servicesNone of theseQuestion 5 of 156. Study of aggregates is known as _________MacroeconomicsMicroeconomicsPrice theoryFactor price determinationQuestion 6 of 157. Economy may be classified as:CapitalistSocialistMixedAll of theseQuestion 7 of 158. The reason for downward shape of production possibility curve is:Increasing opportunity costDecreasing opportunity costSame opportunity costNegative opportunity costQuestion 8 of 159. The central problem of an economy is:What to produce ?How to produce ?How to distribute produced goods ?All of theseQuestion 9 of 1510. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?MicroeconomicsPrice theoryFactor price determinationMacroeconomicsQuestion 10 of 1511. The basic factors of production are land, labour, capital, and _____.EnterpriseInvestmentMachineryResourcesQuestion 11 of 1512. Multiplayer is the ratio ofchange in income to change in investmentchange in investment to change in incomechange in income to change in interestNone of the aboveQuestion 12 of 1513. Which one is inclded in National Income?winning from lotterymilk purchase by a dairy shopnational debt interestnone of these.Question 13 of 1514. LM curve represents the combination of :price and out putDemand for money and supply of moneyincome and investmentMoney supply and investmentQuestion 14 of 1515. Who is known as the father of modern macroeconomics?Adam SmithJ.M.KeynesSamuelsonHicksQuestion 15 of 15 Loading...
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