Determination of Income and Employment MCQ Questions Class 12 Economics Part 2 Chapter 4
NCERT MCQ Questions for Class 12 Economics Part 2 Chapter 4 Determination of Income and Employment. Determination of Income and Employment MCQ Questions with Answers from Class 12 Economics Part 2.
1.) What is mean by ceteris paribus
(a)All things remain constant
(b) Other things remain constant
(c)Vary all variables
(d)None of the above
Ans -Option (b)
2.) A consumption function describes the relation between.
(a) consumption and demand
(b) consumption and supply
(c) consumption and revenue
(d)consumption and income
Ans – Option (d)
3.) It is the change in consumption per unit change in income it is denoted by c. This is defination of
(a)Marginal propensity to consume
(b)Marginal propensity to save
(c)Average propensity to consume
(d)Average propensity to save
Ans- Option (a)
- In case you have missed:- Previous Chapter MCQ Questions
4.) An addition to the stock of physical capital and changes in the inventory of a producer defined
(a) Consumption
(b) Investment
(c)Saving
(d) Inventory
Ans – Option (b)
5.) Which of the following is employs factors for the production of final goods
(a)Land
(b) Labour
(c)Capita
(d)All of the above
And – Option (d)
6.) the sum total of aggregate factor payments in the economy, National Income, is equal to the
(a) aggregate value of the output of final goods
(b) aggregate value of the input of final goods
(c) aggregate value of the good
(d) None of the above
And -Option (a)
- In case you have missed:- Next Chapter MCQ Questions
For more ⇓
- Economics Part 2 MCQ Introduction
- Economics Part 2 MCQ National Income Accounting
- NCERT Accountancy MCQ for Class 12
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