Top 150+ Solved Macro Economics 1 MCQ Questions Answer
Q. Which of the following is an example of economic overhead?
a. schools
b. roads and railwlays
c. sanitary facilities
d. hospitals
Q. Schedule that expressesrelationship between rate of interest and corresponding amountof investment
a. mei
b. mec
c. effective demand
d. aggregate demand
Q. Net investment is
a. value of gross minus subsidies
b. investment after providing for depreciation
c. value of gross output before providing forsubsidies
d. none of the above
Q. MEC is directly related to
a. prospective yield
b. supply price
c. rate of interest
d. all of the above
Q. According to Keynes the most important determinant ofconsumption
a. rate of interest
b. saving
c. income
d. investment
Q. Keynes assumed thepresence of --------- economy for the fundamental law ofconsumption
a. capitalistic
b. socialistic
c. planned
d. none of the above
Q. According to Keynes the most important determinant ofinvestment
a. mec
b. effective demand
c. aggregate demand
d. rate of interest
Q. In Keynesian terminology, investment means:
a. financial investment
b. real investment
c. induced investment
d. none of the above
Q. Keynesian economics is also known as:
a. supply side economics
b. monetary economics
c. rational expectations
d. depression economics
Q. Which of the following can cause shifts in consumption function:
a. psychological attitude
b. social practices
c. business motives
d. changes in price level