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 - 2
Question 1:
“Economics is a science of logic.’’ Who said it ?
(a) Hicks
(b) Keynes
(c) Robbins
(d) Marshall
Correct Answer – (C)
Question 2:
Which of the following is a source of production ?
(a) Land
(b) Labour
(c) Capital
(d) All of these
Correct Answer – (D)
Question 3:
Production Possibility Curve is:
(a) Concave to the axis
(b) Convex to the axis
(c) Parallel to the axis
(d) Vertical to the axis
Correct Answer – (A)
Question 4:
Which economy has a co-existence of private and public sectors ?
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these
Correct Answer – (C)
Question 5:
Which is a central problem of an economy ?
(a) Allocation of Resources
(b) Optimum Utilisation of Resources
(c) Economic Development
(d) All of these
Correct Answer – (D)
MCQ Questions Class 12 Introduction to Macroeconomics With Answers
Question 6:
Who said, “Economics is a science of wealth.”
(a) Marshall
(b) Robbins
(c) Adam Smith
(d) J.K. Mehta
Correct Answer – (C)
Question 7:
Which of the following is studied under Macro Economics ?
(a) National Income
(b) Full. Employment
(c) Total Production
(d) All of these
Correct Answer – (D)
Question 8:
In which economy decisions are taken on the basis of price mechanism ?
(a) Socialist
(b) Capitalist
(c) Mixed
(d) All of these
Correct Answer – (B)
Question 9:
To which factor, economic problem is basically related to:
(a) Choice
(b) Consumer’s Selection
(c) Firm Selection
(d) None of these
Correct Answer – (A)
Question 10:
Which of the following statement is true?
(a) Human wants are infinite
(b) Resources are limited
(c) Scarcity problem gives birth to choice .
(d) All of these
