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Determination of Income and Employment
- Online Test
Determination of Income and Employment
TEST : 1
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q1.
In a two sector economy Aggregate Demand equals
A.
Consumption + Government Expenditure
B.
Consumption + Exports
C.
Consumption + Investment
D.
Consumption + Private consumption expenditure
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q2.
APC =
A.
C
G
B.
C
Y
C.
C
D
D.
C
S
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q3.
APS=
A.
S
D
B.
S
Y
C.
None of these
D.
C
S
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q4.
APC+APS=
A.
4
B.
3
C.
1.0
D.
2
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q5.
APC+APS should always be equal to 1
A.
None of these
B.
1
C.
FALSE
D.
Depends on their values
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q6.
Consumption changes in the same direction as income. It is
A.
1
B.
FALSE
C.
Can’t say
D.
Insufficient information
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q7.
The law of Psychological consumption states
A.
Consumption does not change in the same direction as income
B.
Consumption changes in the same direction as investment
C.
Consumption changes in the same direction as income
D.
Consumption changes in the opposite direction as income
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q8.
MPC+MPS=
A.
3
B.
2
C.
4
D.
1.0
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q9.
MPS= 1+MPC. It is
A.
TRUE
B.
0
C.
None of these
D.
Depends on their values
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# Determination of Income and Employment
# CBSE 12TH Economics
Prepare / Learn
Q10.
What is meant by investment
A.
Addition to the income
B.
Addition to the stock of raw materials only
C.
Addition to the stock of unsold goods only
D.
Addition to the stock of capital goods
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
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