This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Economics (Macro Economics) Chapter 1 Introduction – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It gives an overall view of the growing complexities of an economic system. It provides powerful tools to explain the working of the complex economic systems. A) Macro. B) Micro. C) Both. D) None. Show Answer Correct Answer: A) Macro. 2. In which type of economics we study the behavior of individual. A) Macro economics. B) Micro economics. C) Positive economics. D) Normative economics. Show Answer Correct Answer: B) Micro economics. 3. The fundamental economic problem being faced is A) Unlimited human wants. B) Limited wants and unlimited resources. C) Unlimited wants and scarcity of resources. D) Limited wants and limited resources. Show Answer Correct Answer: C) Unlimited wants and scarcity of resources. 4. Tax is Part of MICRO Economy. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. Main reason for PPC becoming concave to the origin is: A) Increasing M.O.C. B) Constant M.O.C. C) Decreasing M.O.C. D) Resources becoming equally efficient. Show Answer Correct Answer: A) Increasing M.O.C. 6. Kebijakan yang dapat menjaga pertumbuhan ekonomi tanpa dihantui kenaikan harga-harga (inflasi) adalah A) Menambah jumlah uang beredar. B) Menaikan pajak. C) Menurunkan pajak penghasilan. D) Menaikan tingkat bunga. E) Menaikan belanja pemerintah. Show Answer Correct Answer: E) Menaikan belanja pemerintah. 7. Which is NOT an example of an economic problem? A) Poverty. B) Inflation. C) Unemployment. D) High number of corona cases in Bangalore. Show Answer Correct Answer: D) High number of corona cases in Bangalore. 8. Which Economic analysis gives Suggestions? A) Positive Economic Analysis. B) Normative Economic Analysis. C) Both Positive and Normative Economic Analysis. D) None. Show Answer Correct Answer: B) Normative Economic Analysis. 9. Labour intensive Tequinique are chosen in a A) Labour surplus economy. B) Capital surplus economy. C) Developed economy. D) Developing economy. Show Answer Correct Answer: A) Labour surplus economy. 10. Macro Economics studies the problem of ..... A) Inflation. B) Deflation. C) Inflation and Deflation. D) None of these. Show Answer Correct Answer: C) Inflation and Deflation. 11. All resources are not equally scarce all the time. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 12. Macroeconomics focuses on all of the following except A) Unemployment prblm. B) Inflation in the economy. C) Aggregate demand. D) Jute industry. Show Answer Correct Answer: D) Jute industry. 13. What would be an example of a capital resource A) Water. B) Trees. C) Business owner. D) School building. Show Answer Correct Answer: D) School building. 14. PP Curve slopes A) Upward. B) Downward and is Concave. C) Downward and is Convex. D) Upward and is straight line. Show Answer Correct Answer: B) Downward and is Concave. 15. Macroeconomics is also known as A) Theory of Income and Employment. B) Demand Theory. C) Supply theory. D) Cost Theory. Show Answer Correct Answer: A) Theory of Income and Employment. 16. The central problems arise in A) Capitalist economies. B) Socialist economies. C) All economies. D) Mixed economies. Show Answer Correct Answer: C) All economies. 17. Which of the following is an exmple of Service sector A) Doctor. B) Employee. C) Worker. D) All of these. Show Answer Correct Answer: A) Doctor. 18. ..... is the determinant to solve problems in macroeconomics. A) Price. B) Income. C) Demand. D) Supply. Show Answer Correct Answer: B) Income. 19. The branch of economics that deals with the allocation of resources A) Micro economics. B) Macro economics. C) Econometrics. D) None of these. Show Answer Correct Answer: A) Micro economics. 20. The study of macroeconomics includes A) Theory of employment. B) Theory of national income. C) Theory of money. D) All of these. Show Answer Correct Answer: D) All of these. 21. The word Economics is most closely connected with the word A) Free. B) Scarcity. C) Unlimited. D) Restricted. Show Answer Correct Answer: B) Scarcity. 22. What is a demand curve? A) A graph showing the relationship between the price of a good and the quantity supplied. B) A graph showing the relationship between the price of a good and its quality. C) A graph showing the relationship between the price of a good and the quantity demanded. D) A graph showing the relationship between the supply of a good and its demand. Show Answer Correct Answer: C) A graph showing the relationship between the price of a good and the quantity demanded. 23. Prices of Resources in Free Market Economy are determined by ..... A) Supply. B) Demand. C) Supply and Demand. D) Government. Show Answer Correct Answer: C) Supply and Demand. 24. Atif is working at a salary of Rs 35, 000 per month, He receives two job offers. To work as a sales manager with salary of Rs25, 000 per month, to work as an accountant at a salary Rs30, 000 per month. Find his opportunity Cost A) Rs 25, 000. B) Rs 35, 000. C) Rs 30, 000. D) Rs 65, 000. Show Answer Correct Answer: C) Rs 30, 000. 25. Which of the following is not a central problem of economy A) How to produce. B) When to produce. C) What to produce. D) For whom to produce. E) When to produce. Show Answer Correct Answer: B) When to produce. ← PreviousNext →Related QuizzesClass 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 1Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 2Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 3Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 4Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 5Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 6Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 7Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 8Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 10Class 12 Accountancy Chapter 1 Accounting For Partnership Firms Fundamentals QuizClass 12 Accountancy Chapter 2 Accounting For Partnership Firms Admission Of A Partner QuizClass 12 Accountancy Chapter 3 Accounting For Partnership Firms Retirement Death Of A Partner QuizClass 12 Accountancy Chapter 4 Accounting For Companies 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