Economics MCQ Class 12 Chapter 1: Check the below NCERT MCQ Questions for Economics MCQ Class 12 Chapter 1 with Answers Pdf free download. Economics MCQ Class 12 Chapter 1 Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 12 Chapter 1 with Answers to help students understand the concept very well.

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Economics MCQ Class 12 Chapter 1

1. Study of aggregates is known as _________.
(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination

2. When did the great depression occur?
(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42

3. What is the name of the book written by J.M. Keynes?
(A) Wealth of Nation
(B) Political economy
(C) The General Theory of Employment, Interest and Money
(D) None of these

4. What is known as the study of individual units?
(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics

5. When was the famous book of Prof. Keynes published?
(A) 1930
(B) 1931
(C) 1936
(D) 1940

6. What is the main cause of all economic problems?
(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these

7. Keynes book on Income and Employment came into light in the year _______.
(A) 1936
(B) 1946
(C) 1926
(D) 1919

8. Who is known as the father of modern macroeconomics?
(A) Adam Smith
(B) J.M.Keynes
(C) Samuelson
(D) Hicks

9. Aggregate Demand is the sum total of consumption and _________.
(A) investment
(B) demand
(C) expenses
(D) None of these

10. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
(A) Microeconomics
(B) Price theory
(C) Factor price determination
(D) Macroeconomics

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By Team Learning Mantras