Class 12 Macro Economics Chapter 1 Introduction Quiz
5 Questions
6 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which sector is responsible for consuming the goods and services produced in the economy according to the macroeconomic point of view?

  • Household sector (correct)
  • Service sector
  • Government sector
  • Production sector
  • What is the primary focus of macroeconomics?

  • Household consumption patterns
  • Government sector regulations
  • Individual consumer behavior
  • Production of goods and services (correct)
  • What are the important features of a capitalist economy?

  • Central planning by the government
  • Equal distribution of wealth
  • Collective ownership of resources
  • Ownership of resources by private individuals (correct)
  • In macroeconomics, which sector is responsible for framing laws and regulating policies that affect the economy and the people?

    <p>Government sector</p> Signup and view all the answers

    What is the focus of microeconomics?

    <p>Individual consumer behavior</p> Signup and view all the answers

    More Like This

    Class 10 NCERT Economics Quiz
    8 questions

    Class 10 NCERT Economics Quiz

    WellRegardedForesight avatar
    WellRegardedForesight
    Macroeconomics Chapter 4 Flashcards
    46 questions
    Macroeconomics Chapter 1 Quiz
    11 questions

    Macroeconomics Chapter 1 Quiz

    BenevolentDramaticIrony avatar
    BenevolentDramaticIrony
    Use Quizgecko on...
    Browser
    Browser