Practice Test

Q1) The Greek Word makro means _______. Show Answer

Q2) The term 'macro-economics' was originated by _________. Show Answer

Q3) Macro-economics is the study of ______. Show Answer

Q4) ________ -economics regards aggregates as homogeneous. Show Answer

Q5) Macro-economics is concerned with determination of __________. Show Answer

Q6) ________ Method is used in macro-economics. Show Answer

Q7) ________ popularized the macro-economic theories. Show Answer

Q8) Macro-economics deals with ________ equilibrium. Show Answer

Q9) Macro-economics studies are based on ________ evidences. Show Answer

Q10) Macro-economics has utmost importance to understand ___________. Show Answer

Q11) Income, Employment and Monetary theory are the major fields of __________ economics. Show Answer

Q12) _________-economics helps to understand the functioning of an economic system. Show Answer

Q13) Macro-economics helps to solution on problems of _______ countries. Show Answer

Q14) Macro-economics gives _______-eye view of the whole economy. Show Answer

Q15) _________ Economics is a basis of micro-economics. Show Answer

Q16) Macro economics deals with aggregate _______ of productive resources. Show Answer

Q17) Micro economics and macro economics are _________. Show Answer

Q18) Macro economics is popularised by______. Show Answer

Q19) Micro concepts are ________. Show Answer

Q20) Macro economic theory is concerned with the aggregate behaviour of the ________. Show Answer

Q21) The theory of _______ determination is the core of Macro Economics. Show Answer

Q22) Macro economics is derived from the Greek word _________. Show Answer

Q23) Macro economics concepts are _______ nature. Show Answer

Q24) Macro - economics is the study of _______. Show Answer

Q25) Study of _______ economics is important for the government formulate its economics policies. Show Answer

Q26) ________ economics regards aggregate as homogenous. Show Answer

Q27) _______ studies about natoinal inocme. Show Answer

Q28) _______ economic deals with the study of whole society's economic problem. Show Answer

Q29) ________ economics can study the problem of inflation in the country. Show Answer

Q30) Macro economic studies ________ income. Show Answer

Q31) Macro economics deals with the income _____. Show Answer

Q32) Macro statistics is concerned with ______ situation. Show Answer

Q33) Macro economics deals with the aggregates of ________ of productive resources. Show Answer

Q34) _______ was first to adopt micro approach. Show Answer

Q35) Macro economics is also known as ______. Show Answer

Q36) Macro economics deals with aggregate _______ productive resources. Show Answer

Q37) Micro economics and macro economics are _________. Show Answer

Q38) Macro economics is developed by ________. Show Answer

Q39) Micro concepts are ________. Show Answer

Q40) Macro economic theory is concerned with the aggregate behaviour of the ________. Show Answer

Q41) The theory of _______ determination is the core of Macro Economics. Show Answer

Q42) Macro economics is derived from the Greek word _________. Show Answer

Q43) Macro economics concepts are _______ nature. Show Answer

Q44) Macro - economics is the study of _______. Show Answer

Q45) Study of _______ economics is important for the government formulate its economics policies. Show Answer

Q46) ________ economics regards aggregate as homogenous. Show Answer

Q47) _______ studies about natoinal inocme. Show Answer

Q48) _______ economic deals with the study of whole society's economics problem. Show Answer

Q49) ________ economics can study the problem of inflation in the country. Show Answer

Q50) Macro economic studies ________ income. Show Answer

Q51) Macro economics deals with the income of ________. Show Answer

Q52) Macro statistics is concerned with ______ situation. Show Answer

Q53) Macro economics deals with the aggregates of ________ of productive resources. Show Answer

Q54) _______ was first to adopt micro approach. Show Answer

Q55) Macro economics is also known as ______. Show Answer

Q56) The term ?macro? is derived from the Greek word ?Makros?, which means large. Show Answer

Q57) The concept of macro-economics with micro-economics was introduced by J.M. Keynes. Show Answer

Q58) The study of macro-economics is popularized by Lord John Maynard Keynes. Show Answer

Q59) Macro-economics is first and foremost a policy science. Show Answer

Q60) Study of macro-economics tends to be more realistic. Show Answer

Q61) Theory of macro-economics studies from particular to general. Show Answer

Q62) Macro-economics estimates aggregates on the basis of homogeneity. Show Answer

Q63) Macro-economics helps to concentrate on problems of underdeveloped countries. Show Answer

Q64) Theory of income and employment are an important part of macro-economics. Show Answer

Q65) Theory of general price level is an integral part of macro-economics. Show Answer

Q66) Consumption, saving and Investment functions are excluded from macro-economics. Show Answer

Q67) The study or theory of macro-economics has no significant role in framing economic policies. Show Answer

Q68) Macro-economics given a good idea about economic fluctuation of inflation and deflation. Show Answer

Q69) Theory of equitable distribution is an integral and the significant part of macro-economics. Show Answer

Q70) Macro-economics is a basis of macro-economics. Show Answer

Q71) The branch of economics that deals with allocation of resources. a) Micro economics b) Macro economics c) Econometrics d) None of these Show Answer

Q72) Concepts studied under Macro economics. a) Whole economy b) Economic development c) Aggregate supply d) Product pricing Show Answer

Q73) The term 'micro' and 'macro' economics were first coined and used by Norwegian Economist. a) Adam Smith b) Ragnar Frisch c) Dr. Marshall d) Prof. Ricardo Show Answer

Q74) Theory of Economic welfare. a) Efficiency in production b) Efficiency in consumption c) Overall economic efficiency d) Efficiency in social activities Show Answer

Q75) Main features of macro economics. a) Income theory b) Lumping method c) Price theory d) Study of aggregates Show Answer

Q76) Importance of Macro - Economics. a) National income b) Economic development c) Price determination d) General level of employment Show Answer

Q77) Scope of macro economics. a) Theory of Income and employment b) Theory of General Price level and inflation c) Theory of Economic growth and development d) Theory of Factor Pricing Show Answer

Q78) Factors of Production which make contribution in production process. a) Land b) Profit c) Labour d) Transport Show Answer

Q79) These points explain the importance of Macro-economics.
i. Functioning of an economy
ii. Economic model building
iii. Basis of Welfare Economics
iv. Performance of an economy Show Answer

Q80) Assertion (A): General price level is the average of all prices of goods and services in the economy.
Reasoning (R): Determination and change in general price level are studied in Macro-economics. Show Answer

Q81) To understand how the level of ____________ is determined, we must study the consumption function and investment function. Show Answer

Q82) The study of ______________ is important on account of the problems created by inflation and deflation. Show Answer

Q83) ______________ estimates are used to measure the performance of economy over time. Show Answer