11 Mar 2022

12th Economics Chapter 1 – Macro Economics Book Back Answers

Samacheer Kalvi 12th Economics – Chapter 1 Macro Economics Book Back Answers:

Samacheer Kalvi 12th Standard New Economics Book Back 1 Mark and 2 Mark Questions with Answers PDF uploaded and available below. Tamil Nadu Class 12 New Syllabus Economics Chapter 1 – Macro Economics Book Back Solutions 2022 available for English medium students. TN Samacheer Kalvi 12th Std Economics Book Portion consists of 12 Chapters. Check Chapter-wise and Full Class 12th Economics Book Back Answers/ Guide 2022 PDF format for free download. 12th Economics Chapter 1 – Macro Economics Book Back Answers below:

English, Tamil, Maths, Physics, Chemistry, Botany, Zoology, History, Geography, Economics, Political Science, and Commerce Book Back One and Two Mark Questions and Answers available in PDF on our site. Class 12th Standard English medium Economics guide Book Back Answers PDF listed below chapter-wise for free download. Check Social Science – History, Geography, Political Science, Economics One Mark English Medium below. See below for the New 12th Economics Book Back Questions with Answer PDF:

TN Class 12 Samacheer Books PDF Free download, Click the link – Samacheer Kalvi 12th books

12th Samacheer Books Economics Book Back Answers PDF:

English Medium 12th Samacheer Kalvi Economics Book Subject One Mark, Two Mark Guide questions and answers are available below. Take the printout and use it for exam purposes.

12th Samacheer Kalvi Economics – Chapter 1: Introduction to Macro Economics Book Back Answers

1. The branches of the subject Economics  is
a) Wealth and welfare   b) production and consumption   c) Demand and supply   d) micro and macro

2. Who coined the word ‘Macro’?
a) Adam Smith   b) J M Keynes   c) Ragnar Frisch   d) Karl Marx

3. Who is regarded as the Father of Modern Macro Economics?
a) Adam Smith   b) J M Keynes    c) Ragnar Frisch     d) Karl Marx

4. Identify the other name for Macro  Economics.
a) Price Theory    b) Income Theory    c) Market Theory    d) Micro Theory

5. Macro economics is a study of  __________.
a) individuals   b) firms   c) a nation   d) aggregates

6. Indicate the contribution of  J M Keynes to economics.
a) Wealth of Nations  b) General Theory   c) Capital   d) Public Finance

7. A steady increase in general price level  is termed as____________.
a) wholesale price index   b) Business Cycle   c) Inflation   d) National Income

8. Identify the necessity of Economic policies.
a) to solve the basic problems   b) to overcome the obstacles   c) to achieve growth   d) all the above

9. Indicate the fundamental economic activities of an economy.
a) Production and Distribution   b) Production and Exchange  c) Production and Consumption    d) Production and Marketing

10. An economy consists of
a) consumption sector   b) Production sector   c) Government sector   d) All the above

11. Identify the economic system where only private ownership of production exists.
a) Capitalistic Economy   b) Socialistic Economy   c) Globalisic Economy   d) Mixed Economy

12. Economic system representing equality  in distribution is _________.
a) Capitalism  b) Globalism  c) Mixedism   d) Socialism

13. Who is referred to as the ‘Father of  Capitalism’?
a) Adam Smith  b) Karl Marx  c) Thackeray   d) J M Keynes

14. The country following Capitalism is ____________ .
a) Russia  b) America  c) India   d) China

15. Identify The Father of Socialism.
a) J M Keynes  b) Karl Marx   c) Adam Smith   d) Samuelson

16. An economic system where the economic activities of a nation are done both by the private and public together is termed as__________.
a) Capitalistic Economy  b) Socialistic Economy   c) Globalisic Economy  d) Mixed Economy

17. Quantity of a commodity accumulated at a point of time is termed as  _________.
a)production  b) stock  c) variable  d) flow

18. Identify the flow variable.
a) money supply   b) assests   c) income   d) foreign exchange reserves

19. Identify the sectors of a Two Sector Model.
a) Households and Firms   b) Private and Public   c) Internal and External   d) Firms and Government

20. The Circular Flow Model represents an open Economy.
a) Two Sector Model  b) Three Sector Model  c) Four Sector Model  d) All the above

Other Important Links for 12th Samacheer Kalvi Book Back:

For Chapter 2 National Income Book Back Click Here – Chapter 2 National Income Book Back 

Click Here for Complete 12th Samacheer kalvi book back Answers – Samacheer Kalvi 12th Economics Book Back Answers

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