Class 12 Macro Economics Chapter 1 Introduction Quiz
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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

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