MCQ Questions Class 12 Introduction to Macroeconomics With Answers

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 - 4

Question 1:

Shape of PPC is:
(a) Downward slopping concave to the origin
(b) Downward sloping convex to the origin
(c) Downward sloping straight line to the origin
(d) All of the above

Check Answer

Correct Answer – (A)

Question 2:

PPC is also called:
(a) Opportunity cost curve
(b) Transformation curve
(c) Production possibility frontier
(d) All of the above

Check Answer

Correct Answer – (D)

Question 3:

Production possibility curve (PPC) is defined as different combination of goods and services that can be produced by whom when the resources are fully employed?
(a) Firm
(b) Industry
(c) Economy
(d) All of the above

Check Answer

Correct Answer – (C)

Question 4:

Smooth PPC is based on the assumption that:
(a) Infinite production possibilities exist
(b) Limited production possibilities exist
(c) Two production possibilities exist
(d) None of the above

Check Answer

Correct Answer – (A)

Question 5:

Theory of distribution 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

Check Answer

Correct Answer – (C)

MCQ Questions Class 12 Introduction to Macroeconomics With Answers

Question 6:

If production of good X rises by 1 unit and that of good Y falls from 15 to 12.5 units then, marginal opportunity cost of X is:
(a) 27.5
(b) 2.5
(c) 15
(d) 12.5

Check Answer

Correct Answer – (B)

Question 7:

Who wrote ‘Nature and Causes of Wealth of Nations’?
(a) Adam Smith
(b) Alfred Marshall
(c) Samuelson
(d) Robbins

Check Answer

Correct Answer – (A)

Question 8:

Theory of production 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

Check Answer

Correct Answer – (B)

Question 9:

If PPC shifts to the right, it means:
(a) Discovery of new stock
(b) Advancement in technology
(c) Generation of employment
(d) All of the above

Check Answer

Correct Answer – (D)

Question 10:

Central problem of an economy can be:
(a) What goods to produce and how much to produce
(b) How to produce
(c) For whom to produce
(d) All of the above

Check Answer