ICSE XII MCQ Quiz Hub

MCQ Questions for Class 12 Economics Set-1

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1. What is known as the study of individual units?




2. What is the main cause of all economic problems?




3. Study of aggregates is known as _________




4. What is the name of the book written by J.M. Keynes?




5. When was the famous book of Prof. Keynes published?




6. When did the great depression occur?




7. Who is known as the father of modern macroeconomics?




8. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?




9. Why are the intermediate goods not included in the National Income while measuring National Income?




10. Who had made the first attempt at National Income Accounting?




11. Calculation of National Income at Market Prices is known as _________




12. Accounting of National Income at constant prices is known as ________




13. Which of the following items are excluded from GNP measurement?




14. The subject of the Study of Macro Economics is:




15. Macro Economics Studies:




16. General Price Level is studied in:




17. Employment Theory is related to :




18. Increase in Stock of Capital is known as:




19. Which of the following is sPktock ?




20. Which one of the following is included in circular flow?




21. Which one of the following is included in ‘Stock’?




22. Which one is included inflow ?




23. Which of the following is included in real flow?




24. Which services are provided by families to a firm?




25. Which one is included in the three-sector model?




26. Which one is included in the four-sector model?




27. Which is the equilibrium condition of circular flow in the four sector model?




28. The primary sector includes:




29. For a four sector or open economy the condition for equilibrium is:




30. Which service is included in Tertiary Sector?




31. Which of the following is not flow?




32. The market price of all final goods of a country in a year is known as:




33. Which one is true?




34. NDPFC = ?




35. Net National Income at Factor Cost is called?