MCQ Chapter 1 Economics Class 12 Maharashtra Board Introduction to Micro and Macro Economics 1. What is the primary focus of Macro Economics?Individual unitsAggregates of the economyPrice determinationFactor pricingQuestion 1 of 202. According to J.L.Hansen, what does Macro Economics consider?Individual consumer behaviorRelationships between large aggregatesPrice of a single commodityFactor rewardsQuestion 2 of 203. What does the Theory of Income and Employment in Macro Economics study?Individual firm behaviorFactors determining national incomePrice of a single commodityFactor pricingQuestion 3 of 204. Why is the study of general price level significant in Macro Economics?It determines factor rewardsIt addresses inflation and deflationIt studies individual pricesIt analyzes market structuresQuestion 4 of 205. What does the Macro Theory of Distribution deal with?Individual firm profitsRelative shares of rent, wages, interest, and profitPrice of a single commodityMarket structuresQuestion 5 of 206. What is a feature of Macro Economics?Study of individual unitsStudy of aggregatesPartial equilibriumSlicing methodQuestion 6 of 207. What does Macro Economics study in relation to national income?Individual incomeElements and methods of measurementPrice of a single commodityFactor pricingQuestion 7 of 208. What type of equilibrium does Macro Economics deal with?Partial equilibriumGeneral equilibriumIndividual equilibriumMarket equilibriumQuestion 8 of 209. What does the lumping method in Macro Economics refer to?Studying individual unitsStudying the whole economyAnalyzing partial equilibriumUsing marginalismQuestion 9 of 2010. What is an example of a growth model studied in Macro Economics?Marshall’s modelMahalanobis growth modelKeynes’ modelRicardo’s modelQuestion 10 of 2011. What does the general price level in Macro Economics represent?Price of a single commodityAverage of all prices of goods and servicesIndividual factor rewardsMarket structure pricesQuestion 11 of 2012. Why is Macro Economics considered policy-oriented?It studies individual behaviorIt suggests policies for economic growthIt focuses on price determinationIt analyzes market structuresQuestion 12 of 2013. How does Macro Economics help in understanding economic fluctuations?By studying individual pricesBy analyzing causes of income and output changesBy determining factor rewardsBy studying market structuresQuestion 13 of 2014. Why is the study of national income important in Macro Economics?It determines individual pricesIt helps formulate correct economic policiesIt studies factor pricingIt analyzes market structuresQuestion 14 of 2015. How does Macro Economics contribute to economic development?By studying individual unitsBy suggesting steps to achieve developmentBy determining commodity pricesBy analyzing partial equilibriumQuestion 15 of 2016. What does Macro Economics use to measure the performance of an economy?Individual incomeNational Income estimatesCommodity pricesFactor rewardsQuestion 16 of 2017. Which economic variables are studied in Macro Economics?Individual pricesTotal income, output, and employmentFactor pricingMarket structuresQuestion 17 of 2018. What does Micro Economics not study?Price determinationNational economic problemsFactor pricingMarket structuresQuestion 18 of 2019. Which economist contributed to the development of Micro Economics besides Alfred Marshall?John Maynard KeynesJ.R.HicksRagnar FrischJan TinbergenQuestion 19 of 2020. In which century did the Physiocrats analyze national income and wealth?16th century17th century18th century19th centuryQuestion 20 of 20 Loading...
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