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CLASS 12 MACRO ECONOMICS BASIC CONCEPTS OF MACROECONOMICS

A vibrant and educational illustration featuring a classroom setting with students discussing macroeconomic concepts, charts on walls, and a globe representing global economics.

Master Macro Economics for Class 12

Test your knowledge on the fundamental concepts of macroeconomics with this engaging quiz designed specifically for Class 12 students. Challenge yourself with questions covering the domestic territory, national income, and other essential macroeconomic principles.

Key Features:

Multiple choice questions
Focus on essential macropeconomic concepts
Ideal for revision and self-assessment

11 Questions3 MinutesCreated by LearningLeaf237

Name:

WHICH OF THE FOLLOWING ARE COVERED UNDER THE DOMESTIC TERRITORY OF INDIA?

STATE BANK OF INDIA IN LONDON

GOOGLE OFFICE IN INDIA

OFFICE OF TATA MOTORS IN AUSTRALIA

RUSSIAN EMBASSY IN INDIA

WHICH OF THE FOLLOWING CONSTITUTE THE REASON FOR DIFFERENCE BETWEEN MARKET PRICES AND FACTOR COST?

INDIRECT TAXES

SUBSIDIES

BOTH A AND B

NEITHER A NOR B

IF FACTOR COST IS GREATER THAN MARKET PRICE, THEN IT MEANS THAT:

INDIRECT TAXES>SUBSIDES

INDIRECT TAXES=SUBSIDIES

INDIRECT TAXES

INDIRECT TAXES>=SUBSIDIES

FINAL GOODS REFERS TO THOSE GOODS WHICH ARE USED EITHER FOR ________ OR FOR_________.

CONSUMPTION, INVESTMENT

CONSUMPTION, RESALE

RESALE, INVESTMENT

RESALE, FURTHER PRODUCTION

DEPRECIATION MEANS

DESTRUCTION OF PLANT IN A FIRE ACCIDENT

LOSS OF FIXED ASSETS OVER TIME DUE TO WEAR AND TEAR

LOSS OF FIXED ASSETS IN AN EARTHQUAKE

CLOSURE OF THE PLANT DUE TO LOCKOUT

UNFORESEEN OBSOLESCENCE OF FIXED CAPITAL ASSETS DURING PRODUCTION IS:-

CONSUMPTION OF FIXED CAPITAL

CAPITAL LOSS

INCOME LOSS

NONE OF THESE

WHICH OF THE FOLLOWING IS AN EXAMPLE OF NON DURABLE GOODS

MILK

BREAD

BOTH A AND B

CLOTHES

JAPANESE EMBASSY IN INDIA IS A PART OF DOMESTIC TERRITORY OF:-

INDIA

JAPAN

BOTH A NAD B

INTERNATIONAL AREA

FOREIGN EMBASSY IN INDIA ARE A PART OF INDIA'S

ECONOMIC TERRITORY

GEOGRAPHICAL TERRITORY

BOTH A AND B

NONE OF THE ABOVE

OUT OF THE FOLLOWING, WHICH AGGREGATE REPRESENTS NATIONAL INCOME

NNP AT MP

GNP AT FC

NNP AT FC

GNP AT MP

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