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

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Here you will find NCERT MCQ Questions for Class 12 Economics with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 12 Economics. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.

Q1. What is known as the study of individual units?

(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics

(B) Microeconomics

Q2. What is the main cause of all economic problems?

(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these

(C) Scarcity

Q3. Study of aggregates is known as _

(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination

(A) Macroeconomics

Q4. 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

(C) The General Theory of Employment, Interest and Money

Q5. When was the famous book of Prof. Keynes published?

(A) 1930
(B) 1931
(C) 1936
(D) 1940

(C) 1936

Q6. When did the great depression occur?

(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42

(A) 1929-30

Q7. Who is known as the father of modern macroeconomics?

(A) Adam Smith
(B) J.M.Keynes
(C) Samuelson
(D) Hicks

(B) J.M.Keynes

Q8. 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

(D) Macroeconomics

Q9. The mother of all economic problems is —–

scarcity

Q10. Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a —–

whole

Q11. —–was the founding father of modern economics.

Adam Smith

Q12. Keynes book on Income and Employment came into light in the year—-

1936

Q13. Aggregate Demand is the sum total of consumption and—–

investment

Q14. The period of the great depression was from—-

1929-33

Q15. Capital, land, labour, and entrepreneur are the factors of production.

True

Q16. The expenses which raise productive capacity are known as investment expenditure.

True

Q17. The domestic country may sell goods to the rest of the world. It is called imports.

False

Q18. The domestic country may buy goods from the rest of the world. It is called exports.

False

Q19. The capitalist economy works for social welfare.

False

Q20. Microeconomics deals with the aggregate economic variable of an economy.

False

Q21. ‘Save more’ is always a virtue.

False

MCQ Questions for Class 12 Macroeconomics with Answers: Introductory Macroeconomics

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Use the above-provided Chapter Wise NCERT MCQ Questions for Class 12 Economics with Answers Pdf free download. We hope the given NCERT MCQ Questions for Class 12 Economics PDF Free Download will definitely yield fruitful results. If you have any queries regarding The Solid State CBSE Class 12 Economics MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.

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