Macroeconomic MCQs

By: Prof. Fazal Rehman Shamil
Last modified on November 5th, 2020

Macroeconomic MCQs

(1) For the consumption of fixed capital which term is used in economics…..

a) Production flow

b) Deprecition

c) Investment

d) Value added

e) Domestic value

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(2) Main three Approches to measure economic activity….

a) Private,International & Public

b) Business, Pulic & International

c) Cost, Income & Expenses

d) Product,Income & Expenditures

e) Public, Product & Income

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(3) In which year great depression hit the US…..

a) 1928

b) 1949

c) 1929

d) 1935

e) 2001

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(4) What is the difference between Net value and Gross value……

a) Production flow

b) Depreciation

c) Investment

d) Domestic value

e) None of these

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(5) All decisions taken by in planed economy…..

a) Shareholder

b) Consumers

c) Voters

d) Workers

e) Government

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(6) Macroeconomics deals with 4 major factor…..

a) Government, Free-market, External sector & regulations

b) Households, External sector, government, and demand-supply

c) Households, firms, government and external sector

d) Firms, government, free-market, and regulations

e) A and B

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(7) Study of macroeconomics deals with…..

a) Behaviour of firms

b) Behaviour of industry

c) Microeconomics aggregates

d) Macroeconomics Aggregates

e) Behaviour of individual units

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(8) Which Gross National Product minus the depreciation…..

a) Net domestic product

b) Net national product

c) Gross national product

d) Gross domestic product

e) None of these

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(9) The founding father of modern economics is……

a) F. Hayek

b) Samuelson

c) Adam Smith

d) John Maynard Keynes

e) None of these

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(10) The study of inflation is a part of…..

a) Macroeconomics

b) Microeconomics

c) Descriptive economics

d) Normative economics

e) All of these

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(11) The central problem in ecnomics is…..

a) Production

b) Allocation

c) Consumption

d) Development

e) Scarcity

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(12) Money have a major influence on…..

a) Interest rates

b) Inflation

c) Business cycles

d) A and B

e) A, B & C

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Read More MCQs on Macro-economics

  1. SET 1: Macroeconomic MCQs
  2. SET 2: Macroeconomic MCQs
  3. SET 3: Macroeconomic MCQs
  4. SET 4: Macroeconomic MCQs
  5. SET 5: Macroeconomic MCQs

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Prof. Fazal Rehman Shamil
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