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Class 12 Economics (Macro Economics) Chapter 4 Determination Of Income And Employment Quiz 1 (25 MCQs)

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1. When planned saving is less than planned investment it indicates a situation when
2. Margin requirement during excess demand situation is
3. There is a ..... relationship between MPS and investment multiplier.
4. If C= 50+0.5Y, I= 7000, Find equilibrium level of income and consumption expenditure
5. What is the other name name of fiscal policy
6. Consumption function is a functional relationship between
7. What is the formula of APS?
8. If investment falls to zero, national income does not fall to zero because of:
9. Value of investment multiplier can be calculated by
10. Which kind of unemployment exist at full employment?
11. Which of the following is not true about AD in a two-sector economy?
12. Aggregate supply = Consumption
13. What can be the maximum value of MPS?
14. Which one is correct about Break even point?
15. Two components of AS(Aggregate supply) are
16. Break even point is situation when
17. When AD = AS then it shows
18. If MPC=0.9, then the value of multiplier will be
19. Equilibrium level of income is always ..... than Break even level of income.
20. When C=100+0.5Y and Y=1200, autonomous consumption would be
21. MPC CAN BE GREATER THAN ONE
22. When does a situation of deficient demand arise in an economy?
23. The slope of AD and Consumption curve is
24. If MPC=0, the value of multiplier is
25. Autonomous consumption is equal to
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