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Class 12 Economics: Introduction to Macroeconomics — Chapter Test 1

Class 12 • Economics • Introduction to Macroeconomics • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
Macroeconomics studies:
A
individual consumers
B
the economy as a whole
C
a single firm
D
one market
View Correct Answer & Step-by-Step Solution
Correct Option:(B)the economy as a whole

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
The book 'The General Theory of Employment, Interest and Money' was written by:
A
Adam Smith
B
J.M. Keynes
C
Alfred Marshall
D
Karl Marx
View Correct Answer & Step-by-Step Solution
Correct Option:(B)J.M. Keynes

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
Macroeconomics as a separate branch developed after the:
A
Industrial Revolution
B
Great Depression of 1929
C
World War II
D
Green Revolution
View Correct Answer & Step-by-Step Solution
Correct Option:(B)Great Depression of 1929

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
Which is a macroeconomic variable?
A
price of rice
B
general price level (inflation)
C
a firm's output
D
a household's income
View Correct Answer & Step-by-Step Solution
Correct Option:(B)general price level (inflation)

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
In a capitalist economy, production is mainly carried out by:
A
the government
B
private entrepreneurs aiming at profit
C
cooperatives only
D
households only
View Correct Answer & Step-by-Step Solution
Correct Option:(B)private entrepreneurs aiming at profit

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Economics: Introduction to Macroeconomics — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Introduction to Macroeconomics" of Class 12 Economics. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.