New ! Economics MCQ Practise Tests



12th Standard English Medium Economics Subject Consumption and Investment Functions Creative 1 Mark Questions with Solution Part - II

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 01:00:00 Hrs
Total Marks : 5

    1 Marks

    5 x 1 = 5
  1. If the Keynesian consumption function is C = 10 + 0.8Y then, if disposable income is Rs 1000, what is amount of total saving?

    (a)

    810

    (b)

    190

    (c)

    0.8

    (d)

    0.81

  2. According to Keynes, employment depends on ___________

    (a)

    savings

    (b)

    Income

    (c)

    Interest

    (d)

    Investment

  3. The term consumption function explains the relationship between ___________ and ___________

    (a)

    Labour and Consumer

    (b)

    Income and Consumption

    (c)

    Consumer and Consumption

    (d)

    Organisation and Consumption

  4. ______________ is the author of the "General theory of employment, interest and money"

    (a)

    J.M. Keynes

    (b)

    J.B. Say's

    (c)

    David Ricardo

    (d)

    Malthus

  5. Formula for calculating Accelerator

    (a)

    MPC = ΔC/ ΔY

    (b)

    K = 1/MPS

    (c)

    ΔI/ΔC

    (d)

    C/Y

*****************************************

Reviews & Comments about 12th Standard English Medium Economics Subject Consumption and Investment Functions Creative 1 Mark Questions with Solution Part - II updated Creative Questions

Write your Comment