Find here the NCERT Book Multiple Choice Questions from Class 12 Economics book with Answers Pdf free download 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. NNPMP = __
(A) GNPMP – Depreciation
(B) NDPMP + Net factor income from abroad
(C) NNPFC + Net indirect taxes
(D) All of these
(D) All of these
Q2. GDPFC =
(A) GDPMP – Net indirect taxes
(B) GDPMP + Net indirect taxes
(C) GDPMP + Subsidies
(D) GDPMP – Indirect taxes
(A) GDPMP – Net indirect taxes
Q3. NDPFC =
(A) GDPFC – Indirect taxes
(B) GDPFC – Depreciation
(C) GDPFC + Economic subsidy
(D) All of these
(B) GDPFC – Depreciation
Q4. NNPFC =
(A) GNPFC – Depreciation
(B) NNPMP + Economic subsidy – Indirect taxes
(C) NDPMP + Net factor income from abroad
(D) All of these
(D) All of these
Q5. Which of the following is the method of measuring National Income?
(A) Income method
(B) Product method
(C) Expenditure method
(D) All of these
(D) All of these
Q6. Why are the intermediate goods not included in the National Income while measuring National Income?
(A) To avoid double accounting
(B) It decreases income
(C) Intermediate goods are not good
(D) All of these
(A) To avoid double accounting
Q7. Who had made the first attempt at National Income Accounting?
(A) Prof. D.R.Gadgill
(B) Simon Kuznets
(C) J.M.Keynes
(D) Gregory King
(D) Gregory King
Q8. Calculation of National Income at Market Prices is known as _
(A) Money income
(B) Real income
(C) Non-monetary income
(D) None of these
(A) Money income
Q9. Accounting of National Income at constant prices is known as __
(A) Money income
(B) Real income
(C) Current income
(D) Domestic income
(B) Real income
Q10. Which of the following items are excluded from GNP measurement?
(A) Purely financial transactions
(B) Transfer of used goods and non-market goods and services
(C) Illegal activities and the value of leisure
(D) All of these
(D) All of these
Q11. The subject of the Study of Macro Economics is:
(a) The Principle of National Income
(b) The Principle of Consumer
(c) The Principle of Producer
(d) None of these
(a) The Principle of National Income
Q12. Macro Economics Studies:
(a) Employment opportunities in the economy
(b) Theory of supply of Commodities
(c) Elasticity of demand in Scooter
(d) Price of wheat in the market
(a) Employment opportunities in the economy
Q13. General Price Level is studied in:
(a) Micro Economics
(b) Macro Economics
(c) Both (a) and (b)
(d) None of these
(b) Macro Economics
Q14. Employment Theory is related to :
(a) Static Economics
(b) Micro Economics
(c) Macro Economics
(d) None of these
(c) Macro Economics
Q15. Increase in Stock of Capital is known as:
(a) Capital Loss
(b) Capital Profit
(c) Capital Formation
(d) None of these
(c) Capital Formation
Q16. Which of the following is sPktock ?
(a) Wealth
(b) Saving
(c) Export
(d) Profit
(a) Wealth
Q17. Which one of the following is included in circular flow?
(a) Real Flow
(b) Money Flow
(c) Both (a) and (b)
(d) None of these
(c) Both (a) and (b)
Q18. Which one of the following is included in ‘Stock’?
(a) Quantity of Money
(b) Wealth
(c) Quantity of wheat stored in a warehouse
(d) All the above
(d) All the above
Q19. Which one is included inflow ?
(a) Consumption
(b) Investment
(c) Income
(d) All of these
(b) Investment
Q20. Which of the following is included in real flow?
(a) Flow of Goods
(b) Flow of Services
(c) Both (a) and (b)
(d) None of these
(c) Both (a) and (b)
Q21. Which services are provided by families to a firm?
(a) Land
(b) Labour
(c) Capital and Enterprises
(d) All the above
(d) All the above
Q22. Which one is included in the three-sector model?
(a) Family
(b) Firm
(c) Government
(d) All of these
(d) All of these
MCQ Questions for Class 12 Macroeconomics with Answers: Introductory Macroeconomics
- Chapter 1: Introduction to Macroeconomics Class 12 MCQ Questions
- Chapter 2: National Income Accounting Class 12 MCQ Questions
- Chapter 3: Money and Banking Class 12 MCQ Questions
- Chapter 4: Determination of Income and Employment Class 12 MCQ Questions
- Chapter 5: Government Budget and the Economy Class 12 MCQ Questions
- Chapter 6: Open Economy Macroeconomics Class 12 MCQ Questions
MCQ Questions for Class 12 Economics Indian Economic Development with Answers
- Chapter 1: Indian Economy on the Eve of Independence Class 12 MCQ Questions
- Chapter 2: Indian Economy 1950-1990 Class 12 MCQ Questions
- Chapter 3: Liberalisation, Privatisation and Globalisation: An Appraisal Class 12 MCQ Questions
- Chapter 4: Poverty Class 12 MCQ Questions
- Chapter 5: Human Capital Formation in India Class 12 MCQ Questions
- Chapter 6: Rural Development Class 12 MCQ Questions
- Chapter 7: Employment: Growth, Informalisation and Other Issues Class 12 MCQ Questions
- Chapter 8: Infrastructure Class 12 MCQ Questions
- Chapter 9: Environment and Sustainable Development Class 12 MCQ Questions
- Chapter 10: Comparative Development Experiences of India and its Neighbours Class 12 MCQ Questions
- Unit 6 Development Experience (1947-90) and Economic Reforms Since 1991 Class 11 MCQ
- Unit 7 Current Challenges Facing Indian Economy Class 11 MCQ
- Unit 8 Development Experience of India: A Comparison with Neighbours Class 11 MCQ
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