{"id":42425,"date":"2023-03-01T10:00:49","date_gmt":"2023-03-01T04:30:49","guid":{"rendered":"https:\/\/www.aplustopper.com\/?p=42425"},"modified":"2023-03-02T09:38:34","modified_gmt":"2023-03-02T04:08:34","slug":"plus-two-macroeconomics-chapter-wise-previous-questions-chapter-1","status":"publish","type":"post","link":"https:\/\/www.aplustopper.com\/plus-two-macroeconomics-chapter-wise-previous-questions-chapter-1\/","title":{"rendered":"Plus Two Macroeconomics Chapter Wise Previous Questions Chapter 1 Introduction to\u00a0Macroeconomics"},"content":{"rendered":"
Kerala Plus Two Macroeconomics Chapter Wise Previous Questions Chapter 1 Introduction\u00a0to\u00a0Macroeconomics<\/h2>\n
Question 1.
\nClassify the following statements into two branches of Economics. (MARCH-2008)<\/span>
\na) Reliance Communications reduced the STD charges by 20% from November onwards.
\nb) The Government proposed to reduce the unemployment by introducing IT related industries.
\nc) RBI hiked the cash reserve ratio.
\nd) Maruti Udyog decided to increase the production of the brand Estilo.
\nAnswer:
\na) Micro Economics
\nb) Macro Economics
\nc) Macro Economics
\nd) Micro Economics<\/p>\nQuestion 2.
\nthem in a table based on two branches of Economics. Give suitable titles to the column. General price level, Aggregate consumption,Rent for a house in a city, Demand for fish in a local market. (MARCH-2009)<\/span>
\nAnswer:<\/p>\n\n\n\n\n Micro<\/strong><\/p>\n<\/td>\n\n Macro<\/strong><\/p>\n<\/td>\n<\/tr>\n\n\n\n- Rent of a house in a city<\/li>\n<\/ul>\n<\/td>\n
\n\n- General price level<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Demand for fish in a local market<\/li>\n<\/ul>\n<\/td>\n
\n\n- Aggregate consumption<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Question 3. \nRead the following statements carefully. (MARCH-2009)<\/span> \nStatement i: \nM\/s. Sathyam Computers Ltd. decided to introduce a wage cut of 10% for the labourers in the company in November, 2008. \nStatement ii: \nReserve Bank of India introduced a new credit policy for the economy in the month of October, 2008. \nIn which Branc of Economics do you include the statement and why? \nAnswer: \nMicro:<\/strong> Individual approach \nMacro:<\/strong> Aggregate \/ General approach<\/p>\nQuestion 4. \nIn a seminar on \u201cDefinition of Economics\u201d a group leader presented the definition as follows: \u201cEconomics is on the one side a study of wealth and on the other side study of man\u201d. (MAY-2009)<\/span> \nState the correct definition. State the name of the economist. \nAnswer: \nWealth definition. \nAccording to wealth definition, \u201cEconomics is the study of the nature of wealth, its generation, and its spending\u201d. This definition was developed by Adam Smith.<\/p>\nQuestion 5. \nClassify the following statements into two branches of economics: (MAY-2009)<\/span> \na) Firm\u2019s decision about how much to invest. \nb) Govt, has adopted devaluation to overcome deficit in balance of payments. \nc) RBI has increased Cash Reserve Ratio to control inflation. \nd) Price elasticity of luxury good is elastic. \nAnswer: \na) Micro economics \nb) Macroeconomics \nc) Macroeconomics \nd) Microeconomics<\/p>\nQuestion 6. \nClassify the following economic variables under suitable heads. International trade, price theory, economic growth, partial equilibrium, aggregate demand, allocation of resources. (MARCH-2010)<\/span><\/p>\n\n\n\n.<\/strong><\/td>\n.<\/strong><\/td>\n<\/tr>\n\n.<\/strong><\/td>\n.<\/strong><\/td>\n<\/tr>\n\n.<\/strong><\/td>\n.<\/strong><\/td>\n<\/tr>\n\n.<\/strong><\/td>\n.<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Answer:<\/p>\n \n\n\nMicro Economics<\/strong><\/td>\nMacro Economics<\/strong><\/td>\n<\/tr>\n\n\n\n- Price theory<\/li>\n<\/ul>\n<\/td>\n
\n\n- International trade<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Partial equilibrium<\/li>\n<\/ul>\n<\/td>\n
\n\n- Economic growth<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Allocation of resources<\/li>\n<\/ul>\n<\/td>\n
\n\n- Aggregate demand<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Question 7. \nAccording to the macro economic point of view there are four major sectors in an economy. Name these sectors. (MAY-2010)<\/span> \nAnswer: \n1)Households \n2) Firms \n3) Government \n4) External sector<\/p>\nQuestion 8. \nClassify the following in a given table under the given titles. (MARCH-2011)<\/span><\/p>\n\n\n\nMicro Economics<\/strong><\/td>\nMacro Economics<\/strong><\/td>\n<\/tr>\n\n<\/td>\n | <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n (National Saving Rate, Wage Rate of a KSRTC worker, Average Cost, Inflation) \nAnswer:<\/p>\n \n\n\nMicro Economics<\/strong><\/td>\nMacro Economics<\/strong><\/td>\n<\/tr>\n\n\n\n- Wage rate of KSRTC worker<\/li>\n<\/ul>\n<\/td>\n
\n\n- National saving rate<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Average cost<\/li>\n<\/ul>\n<\/td>\n
\n\n- Inflation<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Question 9. \nSome variables are given below. Classify them in a Table based on the two branches of Economics. (MARCH-2012)<\/span> \ni) Utility \nii) Price level \niii) Inflation \niv) Demand for pen Aggregate consumption \nvi) Taxes \nvii) GDP \nviii) Rent \nAnswer:<\/p>\n\n\n\nMicro Economics<\/strong><\/td>\nMacro Economics<\/strong><\/td>\n<\/tr>\n\n\n\n- Utility<\/li>\n<\/ul>\n<\/td>\n
\n\n- Inflation<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Price level<\/li>\n<\/ul>\n<\/td>\n
\n\n- Aggregate consumption<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Demand for pen<\/li>\n<\/ul>\n<\/td>\n
\n\n- Taxes<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Rent<\/li>\n<\/ul>\n<\/td>\n
\n\n- GDP<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Question 10. \nKeyne\u2019s book \u2018\u2018General Theory of Employment, Interest and money\u201d was published in (MARCH-2013 )<\/span> \nAnswer: \ni) 1926 \nii) 1936 \niii) 1946 \niv) 1956 \nAnswer: \nii) 1936<\/p>\nQuestion 11. \nClassify the following under the heads micro and macro economics. (MARCH-2014)<\/span> \na) Govt, regulations on auto emissions \nb) Price elasticity of refrigerators \nc) A family\u2019s decision about how much income to save \nd) The impact of higher National Savings on Economic Growth. \nAnswer: \na – Macroeconomics \nb – Microeconomics \nc – Microeconomics \nd – Macroeconomics<\/p>\nQuestion 12. \nWho is known as the father of modern Macro Economics? (MARCH-2015)<\/span> \na) Adam Smith \nb) Alfred Marshall \nc) J.M.Keynes \nd) J.B.Say \nAnswer: \nc) J.M.Keynes<\/p>\nQuestion 13. \nClassify the following under two heads Micro and Macro economics. (MAY-2015)<\/span> \nUtility, Inflation, Price of rice, taxes, GDP, Rent received by a shop owner, Extension in demand, Aggregate demand. \nAnswer:<\/p>\n\n\n\nMicro Economics<\/strong><\/td>\nMacro Economics<\/strong><\/td>\n<\/tr>\n\n\n\n- Utility<\/li>\n<\/ul>\n<\/td>\n
\n\n- Inflation<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Price of rice<\/li>\n<\/ul>\n<\/td>\n
\n\n- Taxes<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Rent received by a shop owner<\/li>\n<\/ul>\n<\/td>\n
\n\n- GDP<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n\n\n- Extention in demand<\/li>\n<\/ul>\n<\/td>\n
\n\n- Aggregate demand<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Question 14. \nDistinguish the following economics systems. (MARCH-2016)<\/span> \na) Centrally Planned economy \nb) Market economy \nAnswer: \na) Centrally planned economy is an economic system where all the economic decisions are taken by the government through planning. \nb) In a market economy, economic problems are solved by market forces of demand and supply. Competition are profit are the driving forces.<\/p>\nQuestion 15. \nWhat would come in the place of question mark: (MARCH-2016)<\/span> \nA) (a) Wealth of Nations : 1776 \n(b) The general theory : ____?____ \nB) (a) ___?____ : Economy as a whole \n(b) Micro Economics : Individual units \nAnswer: \nA) (b) 1936 \nB) (a) Macroeconomics<\/p>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |