12th Standard CBSE - Economics - Macroeconomics and Circular Flow of Income

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Question - 1

Which concept is known as the study of aggregates?

  • A Microeconomics
  • B Macroeconomics
  • C Market demand
  • D Aggregate Demand

Question - 2

What is the time period of the Great Depression?

  • A From 1921 to 1925
  • B From 1941 to 1951
  • C From 1929 to 1933
  • D None of the above 

Question - 3

The goods which are ready to be used by the producers are called..........

  • A final goods
  • B consumer goods
  • C producer goods
  • D Both (a) and (c)

Question - 4

........... of the goods is the principle basis of classifying the goods into intermediate and final goods.

  • A Production
  • B Consumption
  • C End-use
  • D Expenditure

Question - 5

............. is addition to the stock of fixed assets of producers during an accounting year.

  • A Current investment
  • B Fixed investment
  • C Inventory investment
  • D Gross investment

Question - 6

Gross Investment= Net Investment + ............

  • A Net Indirect Tax
  • B Reserve
  • C Depreciation
  • D None of these

Question - 7

........... is a fund created by the producers to meet the upcoming depreciation losses in the process of production.

  • A Capital reserve fund
  • B Depreciation reserve fund
  • C Share reserve fund
  • D None of the above

Question - 8

Which variables are defined as any quantity measured at a particular point of time?

  • A Stock
  • B Flow
  • C Investment
  • D Inventory

Question - 9

When households and firms borrow from the financial market, they constitute .........

  • A leakage
  • B flow
  • C injection
  • D None of these

Question - 10

.......... refers to the flow of money across different sectors of the economy.

  • A Real flow
  • B Circular flow
  • C Money flow
  • D Both (a) and (c)