Economics Multiple Choice Questions

Who is considered as father of modern macroeconomics?

• Adam Smith

• Prof. J. M. Keynes

• Prof. J. N. Keynes

• Alfred Marshall

Who wrote the book “General Theory of Employment, Interest and Money”?

• Adam Smith

• Prof. J. M. Keynes

• Prof. J. N. Keynes

• Alfred Marshall

The term microeconomics and macroeconomics were first given by -----------

• Adam Smith

• Prof. J. M. Keynes

• Ragner Frisch

• Alfred Marshall

The book “General Theory of Employment, Interest and Money” was published in----------

• 1836

• 1936

• 1963

• None of these

Macroeconomics became popular after-------------

• Great depression of 1929- 33

• 1996- 97

• 1972-73

• 2006- 07

The term ‘macro’ has been derived from--------------

• Greek word ‘makros’ which means large

• English word ‘makros’ which means large

• Greek word ‘makros’ which means small

• French word ‘makros’ which means large

In macroeconomics, we study about ------------------

• Theory of National Income & Employment

• Theory of Money Supply & Price Level

• Theory of International Trade & Eco growth

• All of the above.

Which of the following is/are the goals of macroeconomics-----------

• To Achieve Higher Level of GDP

• To Achieve Higher Level of Employment

• Stability of Prices

• All of the above.

What are the tools of macroeconomics?

• Monetary Policy

• Fiscal Policy

• Income Policy

• All of the above.

The study of groups and broad aggregates of the economy is known as-----------

• Microeconomics

• International Economics

• Macroeconomics

• None of the above.