Economics MCQ on Introduction to Macroeconomics

Economics MCQ on Introduction to Macroeconomics

1. The another name of price theory may called

(a) Micro economic

(b) macro-economic

(c) Finance economic

(d) Insurance economic

Ans-(a) Micro economic

2. Macroeconomics is concerned with which of the following:

(a) Level of goods and services produced in the entire economy

(b) General Price level

(c) National income

(d) All the above

Ans-(d) All the above

3. Which of the following subjects are not included the scope of macroeconomics?

(a) Individual demand

(b) Theory of money

(c) National income

(d) Theory of economic development

Ans-(a) Individual demand

4. The difference between microeconomics and Macroeconomics may be?

(a) Difference between different sets of assumptions

(b) Difference in degree of aggregation

(c) Difference in the scope of study

(d) All of the above

Ans-(d) All of the above

5. Which of the following statement fits to macroeconomics?

(a) Private production is promoted

(b) Scarcity and choice are studied

(c) Study of national income

(d) None of these

Ans-(c) Study of national income

6. The branch of economics which studies economic problems of individual called:

(a) Agriculture economics

(b) Macroeconomics

(c) Microeconomics

(d) None of these

Ans-(c) Microeconomics

7. Study of inflation and deflation are the two various part of:

(a) Public finance

(b) Macroeconomics

(c) Microeconomics

(d) None of these

Ans-(b) Macroeconomics

8. Study of the sources of government revenue is covered under the:

(a) Public finance

(b) Macroeconomics

(c) International trade

(d) Microeconomics

Ans-(a) Public finance

9. In macroeconomics, we study the problems which are relating to

(a) Individual

(b) Whole economic

(c) Finance economic

(d) None of these

Ans-(a) Individual

10. The term macro has its origin in the Greek word which means

(a) constant or equal

(b) macros or small

(c) makros or large

(d) None of the above

Ans-(c) makros or large

11. Macroeconomics is related to

(a) Demand

(b)  Price

(c) Production

(d) Income

Ans-(d) Income

13. Theory of employment is studied under

(a) Microeconomics

(b) Macroeconomics

(c) General Economic

(d) Employment Economic

Ans-(b) Macroeconomics

14. Analysis of general price level is concerned with

(a) Micro Economics

(b) Minor Economics

(c) Macro Economics

(d) None of the above

Ans-(c) Macro Economics

15.  Which Problem is the example of macroeconomic

(a) Price level

(b) Unemployment,

(c) Demand

(d) Supply

Ans-(b) Unemployment

16. In macroeconomics, micro variables are assumed to be as

(a) Constant,

(b) Inconstant

(c) Both

(d) None

Ans-(b) Inconstant

17. The relationship of Microeconomics and macroeconomics are to each other.

(a) Complementary

(b) Supplementary

(c) Not Understand

(d) I don’t Know

Ans-(a) Complementary

18. The economics studies of whole economy is ?

(a) Demand Economics

(b) Microeconomics

(c) Macroeconomics.

(d) Indian Economics

Ans-(c) Macroeconomics

19. Which Economist for the first time classified the microeconomics and macroeconomics

(a) Manmohan Sing

(b) Raghu ram rajan

(c) APJ Abdul kalam

(d) Ragnar Frisch

Ans-(d) Ragnar Frisch

20. Which branch of economics studies described the theory of business fluctuations?

(a) American economics

(b) Microeconomics

(c) Indian economics

(d) Macroeconomics
Ans-(d) Macroeconomics

Also Read Economics MCQ

  1. Economics MCQ on Economic Systems
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