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 QUESTION TEXT OPTION_1 OPTION_2
Macroeconomics deals with ________ individual income individual output
__________ studies economics as a whole. Microeconomics Macroeconomics
__________ studies economics problems at individual level Microeconomics Macroeconomics
Which of the following is the subject matter of macroeconomics Theory of employment
Theory of economic growth
Whose option has revolutionised the scope of macroeconomics Adam smith J.M. Keynes
What helps to develop and expand the microeconomics theory Macroeconomics Theory of income
Which of the following is not a scope of macroeconomics National incomeBusiness cycle
Macroeconomics is not concerned with National income accounting
International trade
The following is not the subject matter of Macroeconomics National income Law accounting
of demand and supply
National product = National Dividend = Profit Wages
________Is leakage from the circular flow of aggregate income and Expenditure Taxes Investment
Injections may be in the form of investment exports
In a closed economy there is absent of which sector? government external
___________ constitute an Injection in the circular flow of income Exports savings
When government expenditure exceed income, government will incurr Deficit surplus
In a circular flow of economy firms supply labour goods and services
Which one of following type of economy deasls with the test of the world? closed open
National economy is which concept flow stock
In India National income is computed by Ministry Central
of financestatistical organization
Green accounting can play a crucial role in __________ Sustainable development
Economic development
The term Green GNP emphasizes Sustainable development land reform
Green NNP is obtaine by subtraction from GNP depreciation ofdepreciation
human capital of natural capital
Green gross domestic product is an index of Loss of biodiversity
Cost of climate change
Cyclical fluctuations are of which nature? Recurrent long-term
During the prosperity phase of business cycle, the bank credit normally Expands contracts
In recession, GDP Grows slowlyGrows negatively
Short run contractions and expansions in economic activity are called Expansions Deficits
When national output rises, the economy is said to be in An expansion An inflation
When prosperity ends, the _______ ends recovery depression
Recovery phase refers to the ________ truning point upper lower
The classical theory of employment propounded by Adam smith J.B Say
Full employment is a normal situation according to Multiplier theoryIS-LM Model
Keynesian economic adopts _________ view Short term Medium term
The components of effective demand are C+I C+I+G
The aggregate demand curve is ________ Upward sloping Downward sloping
The aggregate supply curve is ________ Upward sloping Downward sloping
According to keynes , the level of employment is determined by the level ofMarket demandMarket supply
After reaching full employment, the aggregate supply curve becomes ________Horizontal straight
vertical
line straight line
__________ is a schedule representing costs involved at each possible level ofAggregate
employment demand
Aggregate
function supply function
Effective demand is composed of _________ Aggregate demand Aggregate
function supply function
ording to keynes , in order to increase the level of employment we have to increase aggregate________
Supply output
Consumption function refers to the relationship between _________ income and Consumption
income and savings
APC = DC/AY S/Y
 MPC = C/Y S/Y
APS = S/Y 1-APC
MPS is a counterpart of MPC APC
Propensity to consume is affected by windfall gains fiscal policy
If the people spend tge entire increase in income on Consumption than MPC is equal to 0 1
According to Keynes, MPC is 0>MPC>1 0=MPC=1
If MPC falls as income rises, than the ________ will increase APS APC
The psychological law of Consumption was given by Marshall Keynes
Keynes psychological Law assumes Laissez
Nornal
fire economic conditions
When income equals Consumption, savings will be Positive negative
MPC is always Positive but less
Positive
thanbut
1 greater than 1
When income increases Consumption will increase in a __________ proportion Greater lesser
 OPTION_3 OPTION_4 CORRECT OPTION
individual savingsgeneral price level 4
Both a and b None of these 2
Both a and b None of these 1
Theory of national income
All of the above 4
Theory of national income
All of the above 2
Both a and b None of these 1
Elasticity of demand and general
supplyprice level 3
Inflation
Equilibrium of an individual 4
Business cycle general price level 2
National Expenditure
National Employment 3
ExportsGovernment Expenditure 1
government expenditure All of the above 4
Both a and b None of these 2
taxes import 1
Both a and b None of these 1
land None of these 2
developed None of these 2
Both a and b None of these 1
Planning commission
Indian statistical institute 2
Rural development Urban development 1
agriculture reform None of these 1
Both a and b None of these 3
vironmental costs of economic All of activities
the above 4
rare None of these 1
remains the sameNone of these 1
Grows by zero percent Grows rapidly 2
Recessions The trade cycles 4
A deflation A Recession 1
recession All of the above 3
Both a and b None of these 2
[Link] All of the above 4
Say's Law of Markets None of these 3
Secular term Long term 1
C+G I+G 2
Parallel to Y axisParallel to X axis 2
Parallel to Y axisparallel to X axis 1
Effective demandNone of these 3
upward sloping downward sloping 2
Both a and b None of these 2
Both a and b None of these 3
demand investment 3
saving and investment
Consumption and investment 1
C/Y DS/Y 3
 DS/Y DC/DY 4
1-C/Y All of the above 4
APS All of the above 1
Both a and b only b 3
5 8 2
0<MPC<1 0<MPC>1 3
LPP MPS 4
Adam smith Samuelson 2
Constant psychological
Allfactor
of the above 4
zero Infinity 3
Equal to 1 Equal to Infinity 1
constant None of these 2