Question 1

The value of NNP at production point is called

Accepted Answer

A) nnp at factor cost 
B) nnp at market price 
C) gnp at market price 
D) gnp at factor cost 
A) nnp at factor cost 
B) nnp at market price 
C) gnp at market price 
D) gnp at factor cost A

Question 2

Macroeconomics as a separate branch came to be studied after the contributions of which economist?

Accepted Answer

A) adam smith 
B) john maynard keynes 
C) f. hayek 
D) samuelson 
A) adam smith 
B) john maynard keynes 
C) f. hayek 
D) samuelson B

Question 3

The term 'macro' has been derived from--------------

Accepted Answer

A) greek word 'makros' which means large 
B) english word 'makros' which means large 
C) greek word 'makros' which means small 
D) french word 'makros' which means large 
A) greek word 'makros' which means large 
B) english word 'makros' which means large 
C) greek word 'makros' which means small 
D) french word 'makros' which means large A

Question 4

What are Capital goods?

Accepted Answer

A) goods used for consumption in the production process 
B) goods such as tools, machinery, etc which are used to create final consumer goods 
C) goods and services that are consumed fully when purchased by the consumers 
D) none of the above 
A) goods used for consumption in the production process 
B) goods such as tools, machinery, etc which are used to create final consumer goods 
C) goods and services that are consumed fully when purchased by the consumers 
D) none of the above

Question 5

In Economics, a good is something which,

Accepted Answer

A) is a service 
B) can be a service 
C) appears appealing 
D) satisfies wants and needs 
A) is a service 
B) can be a service 
C) appears appealing 
D) satisfies wants and needs

Question 6

The credit of development of macroeconomic approach must go to -------.

Accepted Answer

A) dr. marshall 
B) prof. pigou 
C) lord keynes 
D) mrs. joan robinson. 
A) dr. marshall 
B) prof. pigou 
C) lord keynes 
D) mrs. joan robinson.

Question 7

What are consumption goods?

Accepted Answer

A) goods used for consumption in the production process 
B) goods such as tools, machinery, etc which are used to create final consumption goods 
C) goods and services that are consumed fully when purchased by the consumers 
D) none of the above 
A) goods used for consumption in the production process 
B) goods such as tools, machinery, etc which are used to create final consumption goods 
C) goods and services that are consumed fully when purchased by the consumers 
D) none of the above

Question 8

Macroeconomics became popular after-------------

Accepted Answer

A) great depression of 1929- 33 
B) 1972-73 
C) 1996- 97 
D) 2006- 07 
A) great depression of 1929- 33 
B) 1972-73 
C) 1996- 97 
D) 2006- 07

Question 9

Macroeconomics is a study of economics that deals with which 4 major factors:

Accepted Answer

A) households, firms, government, and demand-supply 
B) households, firms, government and external sector 
C) firms, government, free-market, and regulations 
D) none of the above 
A) households, firms, government, and demand-supply 
B) households, firms, government and external sector 
C) firms, government, free-market, and regulations 
D) none of the above

Question 10

-------economics can study the problem of Inflation in the country.

Accepted Answer

A) micro 
B) macro 
C) static 
D) dynamic 
A) micro 
B) macro 
C) static 
D) dynamic

Question 11

When did the Great Depression hit the United States?

Accepted Answer

A) 2007 
B) 1929 
C) 1936 
D) 2001 
A) 2007 
B) 1929 
C) 1936 
D) 2001

Question 12

Macroeconomics does not study -------.

Accepted Answer

A) whole economy 
B) national income 
C) aggregate supply 
D) product pricing. 
A) whole economy 
B) national income 
C) aggregate supply 
D) product pricing.

Question 13

-------is the subject matter of Macroeconomics.

Accepted Answer

A) growth theory 
B) factory pricing 
C) market structure 
D) individual incomes 
A) growth theory 
B) factory pricing 
C) market structure 
D) individual incomes

Question 14

The basic factors of production are land, labour, capital and,

Accepted Answer

A) enterprise 
B) investment 
C) machinery 
D) resources 
A) enterprise 
B) investment 
C) machinery 
D) resources

Question 15

What do you mean by a mixed economy?

Accepted Answer

A) modern and traditional industries 
B) public and private sectors 
C) foreign and domestic investments 
D) commercial and subsistence farming 
A) modern and traditional industries 
B) public and private sectors 
C) foreign and domestic investments 
D) commercial and subsistence farming

Question 16

What does the term Gross investment mean while denoting a nation's economy?

Accepted Answer

A) gross investment= net investment + depreciation 
B) gross investment= net investment - depreciation 
C) gross investment= depreciation - net investment 
D) none of the above 
A) gross investment= net investment + depreciation 
B) gross investment= net investment - depreciation 
C) gross investment= depreciation - net investment 
D) none of the above

Question 17

Which of the following is/are the goals of macroeconomics-----------?

Accepted Answer

A) to achieve higher level of gdp 
B) to achieve higher level of employment 
C) stability of prices 
D) all the above 
A) to achieve higher level of gdp 
B) to achieve higher level of employment 
C) stability of prices 
D) all the above

Question 18

What does the term free-market denote in terms of economy?

Accepted Answer

A) minimal government intervention in trade and minimum regulations 
B) maximum government intervention in trade and maximum regulations 
C) means of production owned by the state 
D) none of the above 
A) minimal government intervention in trade and minimum regulations 
B) maximum government intervention in trade and maximum regulations 
C) means of production owned by the state 
D) none of the above

Question 19

In macroeconomics, we study about ------------------

Accepted Answer

A) theory of national income & employment 
B) theory of money supply & price level 
C) theory of international trade & eco growth 
D) all of the above. 
A) theory of national income & employment 
B) theory of money supply & price level 
C) theory of international trade & eco growth 
D) all of the above.

Question 20

Who is credited with bringing the term "the invisible hand" in economics?

Accepted Answer

A) adam smith 
B) john maynard keynes 
C) f. hayek 
D) samuelson 
A) adam smith 
B) john maynard keynes 
C) f. hayek 
D) samuelson

The value of NNP at production point is called

Macroeconomics as a separate branch came to be studied after the contributions of which economist?

The term 'macro' has been derived from--------------

What are Capital goods?

In Economics, a good is something which,

The credit of development of macroeconomic approach must go to -------.

What are consumption goods?

Macroeconomics became popular after-------------

Macroeconomics is a study of economics that deals with which 4 major factors:

-------economics can study the problem of Inflation in the country.

When did the Great Depression hit the United States?

Macroeconomics does not study -------.

-------is the subject matter of Macroeconomics.

The basic factors of production are land, labour, capital and,

What do you mean by a mixed economy?

What does the term Gross investment mean while denoting a nation's economy?

Which of the following is/are the goals of macroeconomics-----------?

What does the term free-market denote in terms of economy?

In macroeconomics, we study about ------------------

Who is credited with bringing the term "the invisible hand" in economics?

National Income and GDP Calculation in India

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

Understanding Terms of Trade and International Trade Policies

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

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Exam 1: Key Concepts in Macroeconomics and Economic History

The value of NNP at production point is called

Macroeconomics as a separate branch came to be studied after the contributions of which economist?

The term 'macro' has been derived from--------------

What are Capital goods?

In Economics, a good is something which,

The credit of development of macroeconomic approach must go to -------.

What are consumption goods?

Macroeconomics became popular after-------------

Macroeconomics is a study of economics that deals with which 4 major factors:

-------economics can study the problem of Inflation in the country.

When did the Great Depression hit the United States?

Macroeconomics does not study -------.

-------is the subject matter of Macroeconomics.

The basic factors of production are land, labour, capital and,

What do you mean by a mixed economy?

What does the term Gross investment mean while denoting a nation's economy?

Which of the following is/are the goals of macroeconomics-----------?

What does the term free-market denote in terms of economy?

In macroeconomics, we study about ------------------

Who is credited with bringing the term "the invisible hand" in economics?

National Income and GDP Calculation in India

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

Understanding Terms of Trade and International Trade Policies

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

Filters