Smartindia Classroom
CONTENTS
English
Economics
History & Civics
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Question-1
Macro economics deals with :
(A)
National income
(B)
National product
(C)
Employment
(D)
All of these
Question-2
In a closed economic model there is no ______________.
(A)
Households
(B)
firms
(C)
foreign trade
(D)
Government
Question-3
In a two sector model _________ owns all the factors of production.
(A)
households
(B)
Business firms
(C)
foreign sector
(D)
government
Question-4
_________ market is meant for the sale and purchase of goods and services.
(A)
Factor markets
(B)
trade market
(C)
goods market
(D)
None of these
Question-5
Three sector model includes ________.
(A)
only households
(B)
only business firms
(C)
households and business firms
(D)
households, business firms and government
Question-6
National income is associated with __________.
(A)
Only domestic country
(B)
Income from abroad only would be calculated
(C)
income of foreign and domestic countries would be added up
(D)
further data required
Question-7
In the case of transfer payments there is a flow of money payments from __________
(A)
Government to households
(B)
Households to government
(C)
households to people
(D)
None of these
Question-8
Rest of the world is known as ____________.
(A)
Household sector
(B)
firms sector
(C)
foreign sector
(D)
Government sector
Question-9
__________ is the intermediary between savers and investors .
(A)
Financial institutions
(B)
intermediaries
(C)
middle man
(D)
All of these
Question-10
The national output of a nation is known as ___________.
(A)
National income
(B)
National disposable income
(C)
Per-capita income
(D)
National corporate income
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
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Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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