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

Check the below NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answers Pdf free download. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. We have provided Introduction to Macroeconomics Class 12 Economics MCQs Questions with Answers to help students understand the concept very well.

Introduction to Macroeconomics Class 12 MCQs Questions with Answers

I. Choose the correct alternative.

MCQ Questions For Class 12 Economics Chapter 1 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


Macroeconomics Class 12 Chapter 1 MCQ Question 2.
What is the main cause of all economic problems?
(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these

Answer

Answer: (C) Scarcity


MCQ Class 12 Economics Chapter 1 Question 3.
Study of aggregates is known as _________
(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination

Answer

Answer: (A) Macroeconomics


Class 12 Economics Chapter 1 MCQ Question 4.
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

Answer

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


Macroeconomics MCQs With Answers Question 5.
When was the famous book of Prof. Keynes published?
(A) 1930
(B) 1931
(C) 1936
(D) 1940

Answer

Answer: (C) 1936


Economics Class 12 Chapter 1 MCQ Question 6.
When did the great depression occur?
(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42

Answer

Answer: (A) 1929-30


Class 12 Economics Ch 1 MCQ Question 7.
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


Economics Chapter 1 Class 12 MCQ Question 8.
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


II. Fill in the blanks with the correct answer.

MCQ On Micro And Macro Economics Question 1.
The mother of all economic problems is _________

Answer

Answer: scarcity


Class 12 Macroeconomics Chapter 1 MCQ Question 2.
Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a _______

Answer

Answer: whole


MCQ Of Economics Class 12 Chapter 1Question 3.
_______ was the founding father of modern economics.

Answer

Answer: Adam Smith


Introduction To Macroeconomics Class 12 MCQ Question 4.
Keynes book on Income and Employment came into light in the year _________

Answer

Answer: 1936


MCQ Of Chapter 1 Macroeconomics Class 12 Question 5.
Aggregate Demand is the sum total of consumption and _________

Answer

Answer: investment


Question 6.
The period of the great depression was from __________

Answer

Answer: 1929-33


III. State whether the following statements are true or false.

Question 1.
Capital, land, labour, and entrepreneur are the factors of production.

Answer

Answer: True


Question 2.
The expenses which raise productive capacity are known as investment expenditure.

Answer

Answer: True


Question 3.
The domestic country may sell goods to the rest of the world. It is called imports.

Answer

Answer: False


Question 4.
The domestic country may buy goods from the rest of the world. It is called exports.

Answer

Answer: False


Question 5.
The capitalist economy works for social welfare.

Answer

Answer: False


Question 6.
Microeconomics deals with the aggregate economic variable of an economy.

Answer

Answer: False


Question 7.
‘Save more’ is always a virtue.

Answer

Answer: False


IV. Match the following.

Question 1.

Column-I Column-II
1. Worldwide Depression (A) 1936
2. Publication year of Keynes’s book (B) 1929-30
3. Problem of unemployment (C) Microeconomics study
4. Study of the sugar industry (D) J.M.Keynes
5. Father of Macroeconomics (E) Ragnar Frisch
6. Who divided economics into two parts? (F) Macroeconomics study
Answer

Answer:

Column-I Column-II
1. Worldwide Depression (B) 1929-30
2. Publication year of Keynes’s book (A) 1936
3. Problem of unemployment (F) Macroeconomics study
4. Study of the sugar industry (C) Microeconomics study
5. Father of Macroeconomics (D) J.M.Keynes
6. Who divided economics into two parts? (E) Ragnar Frisch

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