MACROECONOMICS Term 1 - MCQ QUESTION & ANSWERS Class 12th CBSE 

MACROECONOMICS

Chapter 1

Introduction to Macroeconomics with

I. Choose the correct alternative.

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

(A) Macroeconomics

(B) Microeconomics

(C) Income and Employment Theory

(D) Development economics

Answer: (B) Microeconomics

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

(A) Abundance

(B) Convenience

(C) Scarcity

(D) None of these

Answer: (C) Scarcity

3.  Study of aggregates is known as _________

(A) Macroeconomics

(B) Microeconomics

(C) Price theory

(D) Factor price determination

Answer: (A) Macroeconomics

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

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

(A) 1930

(B) 1931

(C) 1936

(D) 1940

Answer: (C) 1936

6.  When did the great depression occur?

(A) 1929-30

(B) 1934-35

(C) 1938-39

(D) 1941-42