NCERT Class 12 Economics MCQ : Determination of Income and Employment
Embark on a comprehensive exploration of economic dynamics with our MCQs page dedicated to the ‘Determination of Income and Employment.’ Curated from a diverse array of previous year papers, including esteemed sectors such as UPSC IAS and more, this resource invites you to navigate the intricate landscape of economic theories and mechanisms governing income and employment.
These Multiple Choice Questions are meticulously crafted to challenge and enhance your understanding of the economic principles, policies, and factors influencing income generation and employment levels. Whether you’re an economics enthusiast or preparing for competitive exams, these questions offer a strategic approach to mastering the intricacies of this critical aspect of economic studies.
Prepare confidently for exams with questions sourced from various sectors, ensuring a well-rounded grasp of the nuanced interactions between fiscal policies, monetary measures, and market forces in determining income and employment. Each MCQ serves as a key to unlocking insights into the complex web of economic indicators and their impact on national prosperity, mirroring the depth of knowledge required for success in competitive examinations.
Immerse yourself in the study of the ‘Determination of Income and Employment,’ confident in your ability to navigate through MCQs that mirror the complexities of this significant economic concept. Our resource, drawn from previous year papers, acts as a roadmap for exam success, offering both knowledge enrichment and strategic insights.
NCERT Class 12 Economics : Determination of Income and Employment MCQ – NCERT Class 12 MCQ
Question:
What is the shape of the Keynesian Aggregate Supply before the level of full employment is attained?
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Question:
According to classical economists, real wage rate is ______ to the Marginal Productivity of Labour
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Question:
What is the cause of Keynesian perfectly elastic Aggregate Supply curve?
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Question:
According to classical economists, there always exists ______ equilibrium in the economy.
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Question:
What will be APC when APS = 0?
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Question:
If the income is ₹ 400 crores and consumption is ₹ 250 crores, what will be the APC?
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Question:
What is a fiscal measure of correcting deficient demand
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Question:
Which is the measure of correcting excess demand?
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Question:
Suppose in a hypothetical economy, the income rises from ₹ 5,000 crores to ₹ 6,000 crores. As a result, the consumption expenditure rises from ₹ 4,000 crores to ₹ 4,600 crores. Marginal propensity to consume in such a case would be ______
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On the basis of government law, the compulsory payment made by the public is known as _________
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Question:
Which among is the direct tax?
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Question:
If MPC = 1, the value of the multiplier is:
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Question:
Aggregate demand can be increased
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Question:
If the marginal propensity to consume is greater than the marginal propensity to save, the value of the multiplier will be
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Question:
Supply creates its own Demand. Who gave this law?
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Question:
Who is the author of the book ‘General Theory of Employment, Interest, and Money’?
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Question:
Which of the following is true for the Classical Theory of Employment?
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Question:
On which factor Keynesian Theory of Employment depends?
