Introduction to Macro Economics Book Back Questions

12th Standard EM

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. 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

  2. Quantity of a commodity accumulated at a point of time is termed as ____________..

    (a)

    production

    (b)

    stock

    (c)

    variable

    (d)

    flow

  3. Identify the flow variable

    (a)

    money supply

    (b)

    assests

    (c)

    income

    (d)

    foreign exchange reserves

  4. Identify the sectors of a Two Sector Model.

    (a)

    Households and Firms

    (b)

    Private and Public

    (c)

    Internal and External

    (d)

    Firms and Government

  5. The Circular Flow Model that represents an open Economy

    (a)

    Two Sector Model

    (b)

    Three Sector Model

    (c)

    Four Sector Model

    (d)

    All the above

  6. 5 x 2 = 10
  7. What is meant by an ‘Economy’?

  8. Classify the economies based on status of development

  9. What do you mean by Capitalism?

  10. Define ‘Economic Model"

  11. ‘Circular Flow of Income’ - Define

  12. 5 x 3 = 15
  13. Outline the major merits of capitalism.

  14. Indicate the demerits of socialism

  15. Enumerate the features of mixed economy

  16. Distinguish between Capitalism and Globalism.

  17. Briefly explain the two sector circular flow model.

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

  20. Illustrate the functioning of an economy based on its activities

  21. Compare the features of capitalism and socialism

  22. Compare the feature among Capitalism, Secularism and Mixedism

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