New ! Economics MCQ Practise Tests



Introduction to Macro Economics 3 Mark Creative Question Paper With Answer Key

12th Standard

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Economics

Time : 01:00:00 Hrs
Total Marks : 45

    3 Marks 

    15 x 3 = 45
  1. Outline major demerits of capitalism.

  2. Write any two demerits of capitalism.

  3. Draw the Circular flow of income in a three sector economy.

  4. Explain any two merits of socialism.

  5. What are the demerits of mixed economy?

  6. What are the limitation of Macro Economics.

  7. Explain any three features of Capitalistic Economy.

  8. Bring out the functions of an economy with the help of flow chart.

  9. Describe the three models of circular flow of income.

  10. Indicate the demerits of Mixed Economy.

  11. What are limitations from which Macro economics suffer?

  12. Draw the flow chart of Functioning of an Economy Based on Activities

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

  14. Explain are the Demerits of Capitalism.

  15. What are the Merits of Socialism?

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