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 - 3
Question 1:
Economic problem arises because:
(a) Wants are unlimited
(b) Resources are scarce
(c) Alternative uses of resources exist
(d) All of the above
Correct Answer – (D)
Question 2:
Price theory studies the problem of:
(a) What goods to produce and how much to produce
(b) How to produce
(c) For whom to produce
(d) All of the above
Correct Answer – (A)
Question 3:
What is the shape of production possibility curve:
(a) Concave to the origin
(b) Concave
(c) Straight line
(d) None of the above.
Correct Answer – (A)
Question 4:
Consumer behaviour is studied in:
(a) Micro Economics
(b) Income Theory
(c) Mac o Economics
(d) None of these
Correct Answer – (A)
Question 5:
The word ‘micro’ was firstly used by:
(a) Marshall
(b) Boulding
(c) Keynes
(d) Ragnar Frish
Correct Answer – (D)
MCQ Questions Class 12 Introduction to Macroeconomics With Answers
Question 6:
Macro economics deals with:
(a) Theory of distribution
(b) Theory of income and employment
(c) theory of economic growth
(d) All of the above
Correct Answer – (D)
Question 7:
The point of optimum utilization of resources lies on which side of PPC curve:
(a) Towards left
(b) Towards right
(c) Inside
(d) Upwards
Correct Answer – (D)
Question 8:
Who used the word ‘micro’ for the first time:
(a) Marshall
(b) Boulding
(c) Keynes
(d) Ragnar Frisch
Correct Answer – (D)
Question 9:
Which of the following is not a factor of production ?
(a) Land
(b) Labour
(c) Money
(d) Capital
Correct Answer – (C)
Question 10:
Who was the father of Economics ?
(a) I. B. Say
(b) Malthus
(c) Adam Smith
(d) Joan Robinson
