CBSE Class 12 Determination of Income and Employment Multiple Choice Questions with Answers. MCQ Questions Class 12 Determination of Income and Employment with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Determination of Income and Employment with Answers to know their preparation level.
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MCQ Questions Class 12 Determination of Income and Employment with Answers - Set - 3
Question 1:
On which concept does classical viewpoint depend?
(a) Say’s Law of Market
(b) perfect Flexibility of Wage Rate
(c) Perfect Flexibility of Interest Rate
(d) All of these
Correct Answer – (D)
Question 2:
Who is the writer of the book, “Trained Economic Politique”?
(a) Pigour
(b) J.B. Say
(c) Keynes
(d) Ricardo
Correct Answer – (A)
Question 3:
Which or is true?
(a) MPC + MPS = 0
(b) MPC + MPS < 1
(c) MPC + MPS = 1
(d) MPC + MPS > 1
Correct Answer – (C)
Question 5:
With the increase in investment, MEC:
(a) Rises
(b) Falls
(c) Remains Constant
(d) None of these
Correct Answer – (B)
MCQ Questions Class 12 Determination of Income and Employment With Answers
Question 6:
If MPC = 0.5, then Multiplier (k) will be:
(a) 1/4
(b) = 0
(c) 1
(d) 2
Correct Answer – (D)
Question 7:
The main component of aggregate demand is:
(a) Individual consumption
(b) Public consumption
(c) Investment
(d) All the above
Correct Answer – (D)
Question 9:
Which of the following is a Read Investment?
(a) Purchasing of a Share
(b) Purchasing of Old Factory
(c) Construction of Buildings
(d) Opening Deposit Account in the Bank
Correct Answer – (C)
Question 10:
According to Keynes, investment implies:
(a) Financial Investment
(b) Real Investment
(c) Both (a) and (b)
(d) None of the above
