CBSE Class 12 Introduction to Macroeconomics Multiple Choice Questions with Answers. MCQ Questions Class 12 Introduction to Macroeconomics with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Introduction to Macroeconomics with Answers to know their preparation level.
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MCQ Questions Class 12 Introduction to Macroeconomics with Answers - Set - 1
Question 1:
On which base structure of economic problems has been installed?
(a) Unlimited Wants
(b) Limited Resources
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (A)
Question 2:
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
Correct Answer – (D)
Question 3:
When did the great depression occur?
(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42
Correct Answer – (A)
Question 4:
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
Correct Answer – (C)
Question 5:
What is the main cause of all economic problems?
(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these
Correct Answer – (C)
MCQ Questions Class 12 Introduction to Macroeconomics With Answers
Question 6:
Which of the following is studied under Micro Economics ?
(a) Individual unit
(b) Economic Aggregate
(c) National Income
(d) None of these
Correct Answer – (D)
Question 7:
Who is known as the father of modern macroeconomics?
(A) Adam Smith
(B) J.M. Keynes
(C) Samuelson
(D) Hicks
Correct Answer – (B)
Question 8:
When was the famous book of Prof. Keynes published?
(A) 1930
(B) 1931
(C) 1936
(D) 1940
Correct Answer – (C)
Question 9:
Study of aggregates is known as _________
(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination
Correct Answer – (A)
Question 10:
What is known as the study of individual units?
(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics
