MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers

Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Economics with Answers. You can also verify your answers from our provided Introduction to Macroeconomics Class 12 MCQs Questions with Answers. So, ace up your preparation with MCQ on Introduction to Macroeconomics Class 12 Objective Questions.

Introduction to Macroeconomics Class 12 MCQs Questions with Answers

Choose the correct alternative.

Question 1.
What is known as the study of individual units?
(a) Macroeconomics
(b) Microeconomics
(c) Income and employment theory
(d) Development economics

Answer

Answer: (b) Microeconomics


Question 2.
The study of aggregates is known as
(a) Macroeconomics
(b) Microeconomics
(c) Price theory
(d) Factor price determination

Answer

Answer: (a) Macroeconomics


Question 3.
What is the name of the book written by J.M. Keynes?
(a) The Wealth of Nation
(b) The General Theory of Employment, Interest, and Money
(c) Political Economy
(d) None of these

Answer

Answer: (b) The General Theory of Employment, Interest, and Money


Question 4.
When was the famous book of Prof. Keynes published?
(a) 1930
(b) 1931
(c) 1936
(d) 1940

Answer

Answer: (c) 1936


Question 5.
When did the great depression occur?
(a) 1929-30
(b) 1934-35
(c) 1938-39
(d) 1941-42

Answer

Answer: (a) 1929-30


Question 6.
Who is known as the father of modern macroeconomics?
(a) Adam Smith
(b) J. M. Keynes
(c) Samuelson
(d) Hicks

Answer

Answer: (b) J. M. Keynes


Question 7.
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

Answer

Answer: (d) Macroeconomics


Fill in the blanks with the correct word.

Question 8.
The mother of all economic problems is _______

Answer

Answer: scarcity


Question 9.
Macroeconomics is defined as that branch of economics which studies economic activities of an economy as a _______

Answer

Answer: whole


Question 10.
______ was the founding father of modern economics.

Answer

Answer: Adam Smith


Question 11.
Keynes book on Income and Employment came to light in the year ________

Answer

Answer: 1936


Question 12.
Aggregate Demand is the sum total of consumption and _______

Answer

Answer: investment


Question 13.
The period of the Great Depression was from _______

Answer

Answer: 1929-33


State whether the following statements are True or False.

Question 14.
Capital, land, labour, and entrepreneur are the factors of production.

Answer

Answer: True


Question 15.
The expenses which raise productive capacity are known as investment expenditure.

Answer

Answer: True


Question 16.
The domestic country may sell goods to the rest of the world. It is called imports.

Answer

Answer: False


Question 17.
The capitalist economy works for social welfare.

Answer

Answer: False


Question 18.
Microeconomics deals with the aggregate economic variable of an economy.

Answer

Answer: False


Question 19.
‘Save more’ is always a virtue.

Answer

Answer: False


Match the alternatives given in Column II with respective terms in Column I.

Question 20.

Column I Column II
(i) Macroeconomic variable (a) 1936
(ii) Microeconomic variable (b) Rate of inflation
(iii) Capitalism (c) Private ownership
(iv) The Great Economic Depression (d) Demand for cars
(v) General Theory of Employment, Interest, and Money (e) 1929
Answer

Answer:

Column I Column II
(i) Macroeconomic variable (b) Rate of inflation
(ii) Microeconomic variable (d) Demand for cars
(iii) Capitalism (c) Private ownership
(iv) The Great Economic Depression (e) 1929
(v) General Theory of Employment, Interest and Money (a) 1936

Use the above-provided NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 12 Economics Introduction to Macroeconomics MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.

error: Content is protected !!