Business Economics(Introduction to macroeconomics) Related MCQs with Answers.
1.The term macro has its origin in the Greek word which means
A. constant or equal
B. macros or small
C. makros or large
D. None of the above
Ans-(C) makros or large
2.Macroeconomics is related to
A. Demand
B. Price
C. Production
D. Income
Ans-(D) Income
3.Theory of employment is studied under
A. Microeconomics
B. Macroeconomics
C. General Economic
D. Employment Economic
Ans-(B) Macroeconomics
4.Analysis of general price level is concerned with
A. Micro Economics
B. Minor Economics
C. Macro Economics
D. None of the above
Ans-(C) Macro Economics
5.Which Problem is the example of macroeconomic
A. Price level
B. Unemployment
C. Demand
D. Supply
Ans-(B) Unemployment
6.In macroeconomics, micro variables are assumed to be as
A. Constant
B. Inconstant
C. Both
D. None
Ans-(B) Inconstant
7.The relationship of Microeconomics and macroeconomics are to each other____.
A. Complementary
B. Supplementary
C. Not Understand
D. Both (B) and (C)
Ans-(A) Complementary
8.The economics studies of whole economy is ?
A. Demand Economics
B. Microeconomics
C. Macroeconomics.
D. Indian Economics
Ans-(C) Macroeconomics
9.Which branch of economics studies described the theory of business fluctuations?
A. American economics
B. Microeconomics
C. Indian economics
D. Macroeconomics
Ans-(D) Macroeconomics
10.Which of the following subjects are not included the scope of macroeconomics?
A. Individual demand
B. Theory of money
C. National income
D. Theory of economic development
Ans-(A) Individual demand
11.During _____ consumer purchase are highest.
A. Recession
B. Recovery
C. Trough
D. Peak
Ans-(D) Peak
12._________ is not a measure to control trade cycles.
A. Monetary policy
B. Fiscal policy
C. Public expenditure
D. Poverty
Ans-(D) Poverty
13.In Keynes consumption theory the chief factor that determines consumption expenditure is____
A. Personal income
B. Relative income
C. Permanent income
D. Disposable income
Ans-(D) Disposable income
14.According to Keynes what causes changes in inducement to invest by entrepreneurs?
A.MPC and MEI
B.MES and MPC
C.MEC and rate of interest
D.MPC and rate of interest
Ans-(C) MEC and rate of interest
15.NEW stands for ______.
A. Net economic welfare
B. New economic welfare
C. National elasticity welfare
D. New exchange welfare
Ans-(A) Net economic welfare
16.Which Economist for the first time classified the microeconomics and macroeconomics.
A. Manmohan Sing
B. Raghu ram rajan
C.APJ Abdul kalam
D. Ragnar Frisch
Ans-(D) Net economic welfare
17.Which of the following is NOT a flow variable?
A. Income
B. Saving
C. Wealth
D. Investment
Ans-(C) Wealth
18.If MPC is 1/2 ,then MPS is ________________and k is__________.
A.1,2
B.1/2,2
C.2,2
D.2,1
Ans-(B) 1/2,2
19.APS =
A.C/Y
B.S/Y
C.I/C
D.C/S
Ans-(B) S/Y
20._______is counted without duplication.
A.NNP at Factor Cost
B.NNP
C. Natural capital
D.GDP
Ans-(A) NNP at Factor Cost