Macro economics theory mcqs with answers sem 3

SY B.COM

SEMESTER - 3

MID SEMESTER EXAMINATION

MACRO ECONOMICS THEORY

(MET)

MCQs - OCTOBER 2014

(1) A three sector model does not consist of:

(A) Exports

(B) Government

(C) Household sector

(D) Firm

(2) The classical economist assumed which of the following:

(A) Full employment

(B) Underemployed

(C) Over production

(D) Under production

(3) Consumption expenditure is an example of:

(A) Money flows

(B) Real flows

(C) Cost

(D)Real income

(4) Supply creates it own demand was stated by:

(A) J.B say

(B) B.J. say

(C) J.J. say 

(D) B.B.say

(5) The principal of effective demand was given by:

(A) Keynes

(B) Samuelson

(C) Friedman

(D) Marshal

(6) National income will be different from personal income by the amount of:

(A) Undistributed profit 

(B) Rent from public property

(C) Surplus from public sector

(D) All of the above 

(7) Macro economics is not a study of:

(A) Growth

(B) Price level

(C) Employment

(D) Profit maximization

(8) NNP at current prices will be lower than NNP at constant prices when prices are :

(A) Rising

(B) Stable

(C) Indeterminate

(D) Falling

(9) Real national income will be equal to money national income divided by:

(A) Real personal income

(B) Real per capital income

(C) Real GDP

(D) Deflator

(10) Which of the following statement is true:

(A) Real national income is measured through Constant price

(B) Investment is a type of withdrawal

(C) Foreign exchange reserves is a flow variable

(D) Taxes are a form of injections

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