Top 150+ Solved General Economics 1 MCQ Questions Answer
Q. The branch of Economics that deals with economic aggregate is called:
a. Micro Economics
b. Development economics
c. Macro Economics
d. Welfare economics
Q. The central theme of Keynesian Theory is:
a. Laissez-faire
b. Free Trade
c. Effective demand
d. Self interest
Q. Effective demand is that demand when:
a. Aggregate demand is greater than aggregate supply
b. Aggregate demand is less than aggregate supply
c. Aggregate demand is equal to aggregate supply
d. All of these
Q. The concept of effective demand is associated with the name of:
a. Marshall
b. Keynes
c. Krugman
d. Adam Smith
Q. The proportion between total income and total consumption is called:
a. Average propensity to consume
b. Average propensity to save
c. Marginal propensity to consume
d. Marginal propensity to save
Q. The proportion between incremental income and incremental consumption is called:
a. APC
b. APS
c. MPC
d. MPS
Q. Exports minus imports is termed as:
a. Net income
b. Net imports
c. Net exports
d. National Income
Q. As income increases consumption also increases, but:
a. Proportionately
b. More than proportionately
c. Less than proportionately
d. Equally
Q. The expected return on investment is called:
a. Marginal propensity to save
b. Marginal propensity to consume
c. Marginal revenue
d. Marginal efficiency of investment