{"id":7452,"date":"2023-11-24T18:48:22","date_gmt":"2023-11-24T13:18:22","guid":{"rendered":"https:\/\/edunovations.com\/mcqs\/?p=7452"},"modified":"2023-11-24T18:48:36","modified_gmt":"2023-11-24T13:18:36","slug":"ncert-class-12-economics-mcq-4","status":"publish","type":"post","link":"https:\/\/edunovations.com\/mcqs\/ncert-class-12-economics-mcq-4\/","title":{"rendered":"NCERT Class 12 Economics\u00a0MCQ :\u00a0Determination of Income and Employment"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-12-economics-mcq-4\/#NCERT_Class_12_Economics_MCQ_Determination_of_Income_and_Employment\" >NCERT Class 12 Economics&nbsp;MCQ :&nbsp;Determination of Income and Employment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-12-economics-mcq-4\/#NCERT_Class_12_Economics_Determination_of_Income_and_Employment_MCQ_%E2%80%93_NCERT_Class_12_MCQ\" >NCERT Class 12 Economics&nbsp;: Determination of Income and Employment MCQ &#8211; NCERT Class 12 MCQ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/mcqs\/ncert-class-12-economics-mcq-4\/#Some_Important_Links\" >Some Important Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCERT_Class_12_Economics_MCQ_Determination_of_Income_and_Employment\"><\/span>NCERT Class 12 <strong>Economics&nbsp;<\/strong>MCQ :&nbsp;Determination of Income and Employment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Embark on a comprehensive exploration of economic dynamics with our MCQs page dedicated to the &#8216;Determination of Income and Employment.&#8217; 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.<\/p>\n\n\n\n<p>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&#8217;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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Immerse yourself in the study of the &#8216;Determination of Income and Employment,&#8217; 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCERT_Class_12_Economics_Determination_of_Income_and_Employment_MCQ_%E2%80%93_NCERT_Class_12_MCQ\"><\/span>NCERT Class 12 <strong><strong><strong><strong><strong>Economics&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong>: Determination of Income and Employment MCQ<strong> &#8211; NCERT Class 12 MCQ<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<style>\r\n    \/* Quiz container *\/\r\n    .quiz-container {\r\n        max-width: 800px;\r\n        margin: 0 auto;\r\n        padding: 20px;\r\n        box-sizing: border-box;\r\n        font-family: Arial, sans-serif;\r\n    }\r\n\r\n    \/* Question *\/\r\n    .question {\r\n        background-color: #f9f9f9;\r\n        padding: 20px;\r\n        border: 1px solid #ccc;\r\n        font-size: 20px;\r\n        margin-bottom: 20px;\r\n        border-radius: 5px;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n        position: relative;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .question h4 {\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Options list *\/\r\n    .options {\r\n        list-style-type: none;\r\n        padding: 0;\r\n    }\r\n\r\n    \/* Option item *\/\r\n    .options li {\r\n        margin: 10px;\r\n        padding: 10px;\r\n        display: flex;\r\n        align-items: center;\r\n        border-radius: 5px;\r\n        border: 2px solid #ccc;\r\n        box-shadow: 0 2px 4px rgba(0, 0, 0, 0.1);\r\n    }\r\n\r\n    \/* Option number *\/\r\n    .options li span {\r\n        margin-right: 10px;\r\n        width: 20px;\r\n        height: 20px;\r\n        border-radius: 50%;\r\n        border: 2px solid black;\r\n        display: flex;\r\n        justify-content: center;\r\n        align-items: center;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Option colors *\/\r\n    .options li span.option-a {\r\n        background-color: #FFD700; \/* Yellow *\/\r\n    }\r\n\r\n    .options li span.option-b {\r\n        background-color: #FF1493; \/* Pink *\/\r\n    }\r\n\r\n    .options li span.option-c {\r\n        background-color: #00BFFF; \/* Light Blue *\/\r\n    }\r\n\r\n    .options li span.option-d {\r\n        background-color: #7CFC00; \/* Green-Yellow *\/\r\n    }\r\n\r\n    .options li span.option-e {\r\n        background-color: #EE82EE; \/* Purple-Pink *\/\r\n    }\r\n\r\n    \/* Show answer button *\/\r\n    .show-answer {\r\n        background-color: #0066CC;\r\n        color: #fff;\r\n        border: none;\r\n        padding: 8px 20px;\r\n        font-size: 20px;\r\n        cursor: pointer;\r\n        border-radius: 3px;\r\n        text-align: center;\r\n        display: inline-block;\r\n        margin-bottom: 20px;\r\n    }\r\n\r\n    \/* Answer box *\/\r\n    .answer-box {\r\n        margin: 0 auto;\r\n        padding: 10px;\r\n        font-size: 20px;\r\n        color: #61970F;\r\n        box-sizing: border-box;\r\n        display: none;\r\n    }\r\n\r\n    \/* Question header *\/\r\n    .quiz-container .question-header {\r\n        color: darkblue;\r\n        font-weight: bold;\r\n        margin-right: 10px;\r\n    }\r\n\r\n    \/* Question header and text *\/\r\n    .quiz-container .question-header,\r\n    .quiz-container .question-text {\r\n        display: inline;\r\n        font-weight: bold;\r\n    }\r\n\r\n    \/* Responsive styles *\/\r\n    @media (max-width: 767px) {\r\n        .quiz-container {\r\n            padding: 10px;\r\n        }\r\n    }\r\n<\/style>\r\n<div class=\"quiz-container\">\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">What is the shape of the Keynesian Aggregate Supply before the level of full employment is attained?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96259\">Perfectly inelastic<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96259\">Perfectly elastic<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96259\">Unitary elastic<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96259\">More elastic<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">According to classical economists, real wage rate is ______ to the Marginal Productivity of Labour<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96260\">Equal<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96260\">More<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96260\">Less<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96260\">None of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">What is the cause of Keynesian perfectly elastic Aggregate Supply curve?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96261\">Wage price rigidity<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96261\">Constant Marginal Product of Labour<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96261\">Both of these<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96261\">None of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">According to classical economists, there always exists ______ equilibrium in the economy.\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96313\">Full employment<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96313\">Underemployment<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96313\">Over full employment<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96313\">None of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">What will be APC when APS = 0?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96314\">One<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96314\">Zero<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96314\">Two<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96314\">Infinite<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">If the income is \u20b9 400 crores and consumption is \u20b9 250 crores, what will be the APC?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96315\">0.67<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96315\"> 0.63<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96315\">0.60<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96315\">0.58<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">What is a fiscal measure of correcting deficient demand<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96317\">Increase in public expenditure and decrease in taxes<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96317\">Decrease in public debt<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96317\">Deficit financing<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96317\"> All of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which is the measure of correcting excess demand?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96318\">Deficit financing<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96318\">Reduction in taxes<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96318\">Increase in public expenditure<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96318\">Increase in public debt<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Suppose in a hypothetical economy, the income rises from \u20b9 5,000 crores to \u20b9 6,000 crores. As a result, the consumption expenditure rises from \u20b9 4,000 crores to \u20b9 4,600 crores. Marginal propensity to consume in such a case would be ______\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96319\">0.8<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96319\">0.4<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96319\"> 0.2<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96319\">0.6<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">On the basis of government law, the compulsory payment made by the public is known as _________<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96321\">Expenditure<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96321\">Investment<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96321\">Tax<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96321\">Subsidy<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which among is the direct tax?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96322\">Income tax<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96322\">Gift and Corporation tax<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96322\">Wealth tax<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96322\">All of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">If MPC = 1, the value of the multiplier is:\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96323\">0<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96323\">1<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96323\">Between 0 and <\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96323\">Infinity<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Aggregate demand can be increased <\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96325\">increasing bank rate<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96325\">selling govt, securities by RBI<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96325\">increasing cash reserve ratio<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96325\">none of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"d\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">If the marginal propensity to consume is greater than the marginal propensity to save, the value of the multiplier will be\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96326\">greater than 2<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96326\">less than 2<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96326\">equal to 2<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96326\">equal to 5<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Supply creates its own Demand. Who gave this law?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96327\">J.B.Say<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96327\">J.S.Mill<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96327\">Keynes<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96327\">Ricardo<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Who is the author of the book \u2018General Theory of Employment, Interest, and Money\u2019?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96329\">A.C. Pigou<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96329\">Malthus<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96329\">J.M. Keynes<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96329\">Marshall<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which of the following is true for the Classical Theory of Employment?\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96330\">State of full employment in the economy<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96330\">No possibility of over-or under-production in the economy<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96330\">Both (a) and (b)<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96330\">None of the above<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">On which factor Keynesian Theory of Employment depends?<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96331\">Effective Demand<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96331\">Supply<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96331\">Production Efficiency<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96331\">None of the above<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"a\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">Which is the determining factor for investment<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96332\">Marginal Efficiency of Capital<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96332\">Interest<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96332\">Both (a) and (b<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96332\">None of these<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"c\">Show Answer<\/button>\r\n    <\/div>\r\n      <div class=\"question\">\r\n      <span class=\"question-header\">Question:<\/span>\r\n      <div class=\"question-text\">According to Keynes, investment implies:\r\n<\/div>\r\n      <ul class=\"options\">\r\n        <li><span class=\"option-a\">A<\/span><label for=\"optA_96334\">Financial Investment<\/label><\/li>\r\n        <li><span class=\"option-b\">B<\/span><label for=\"optB_96334\">Real Investment<\/label><\/li>\r\n        <li><span class=\"option-c\">C<\/span><label for=\"optC_96334\">Both (a) and (b)<\/label><\/li>\r\n        <li><span class=\"option-d\">D<\/span><label for=\"optD_96334\">None of the above<\/label><\/li>\r\n              <\/ul>\r\n      <div class=\"answer-box\"><\/div>\r\n      <button class=\"show-answer\" data-answer=\"b\">Show Answer<\/button>\r\n    <\/div>\r\n  <\/div>\r\n<script src=\"https:\/\/code.jquery.com\/jquery-3.6.0.min.js\"><\/script>\r\n<script>\r\n$(document).ready(function() {\r\n  $('.show-answer').click(function() {\r\n    var answer = $(this).data('answer');\r\n    $(this).siblings('.answer-box').html('The correct answer is: ' + answer).slideDown();\r\n    $(this).hide();\r\n  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[&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[71],"tags":[5547,4351,5541,121,875,91,745,589,590],"class_list":["post-7452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-class-12","tag-determination-of-income-and-employment","tag-economic-concepts-2","tag-economic-studies","tag-exam-preparation","tag-fiscal-policies","tag-mcqs","tag-monetary-measures","tag-previous-year-papers","tag-upsc-ias","entry","has-media"],"_links":{"self":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/7452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/comments?post=7452"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/7452\/revisions"}],"predecessor-version":[{"id":7464,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/posts\/7452\/revisions\/7464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media\/7460"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/media?parent=7452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/categories?post=7452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/mcqs\/wp-json\/wp\/v2\/tags?post=7452"}],"curies":[{"name":"wp","href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