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Introduction to Macro Economics Model Question Paper 1

12th Standard EM

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. A steady increase in general price level is termed as_____________.

    (a)

    wholesale price index

    (b)

    Business Cycle

    (c)

    Inflation

    (d)

    National Income

  2. Indicate the fundamental economic activities of an economy

    (a)

    Production and Distribution

    (b)

    Production and Exchange

    (c)

    Production and Consumption

    (d)

    Production and Marketing

  3. The country following Capitalism is ________________

    (a)

    Russia

    (b)

    America

    (c)

    India

    (d)

    China

  4. Identify The Father of Socialism

    (a)

    J M Keynes

    (b)

    Karl Marx

    (c)

    Adam Smith

    (d)

    Samuelson

  5. A steady fall in general price level is termed as ___________.

    (a)

    Deflation

    (b)

    Inflation

    (c)

    Trade

    (d)

    To achieve growth

  6. 5 x 2 = 10
  7. Define the term ‘Inflation

  8. Classify the economies based on status of development

  9. Write down the three types of economic systems.

  10. Who is the controll authority of socialistic economy?

  11. What is Economic Policies?

  12. 5 x 3 = 15
  13. Describe the different types of economic systems.

  14. Enumerate the features of mixed economy

  15. What are the limitation of Macro Economics.

  16. Write the basis how Economies can be classified into different types

  17. Explain are the Demerits of Capitalism

  18. 4 x 5 = 20
  19. Discuss the scope of Macro Economics

  20. Compare the feature among Capitalism, Secularism and Mixedism

  21. Explain the three sector model of economy with chart

  22. Explain the concepts of macro economics

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