NCERT_CLASS_12_ECONOMICS_MACROECONOMICS

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NCERT stands for National Council of Educational Research and Training. The National Council of Educational Research and Training (NCERT), http://ncert.nic.in/, is an autonomous institution that works for the advancement of school education under the auspices of the Indian government. The curriculum and textbooks established by NCERT are followed by CBSE board and several state boards schools such as UP Board, MP Board, Gujarat Board, Bihar, Uttarakhand, and many other state boards schools.

CHAPTER.4 DETERMINATION OF INCOME AND EMPLOYMENT
Total number of Questions 05

1. Take a look at the following statement.

  1. The relationship between consumption and income is
    described by a consumption function.
  2. Because consumption expenditure rises as income rises,
    consumption is an increasing function of income.
  3. The consumption function assumes that as income varies,
    consumption changes at a consistent rate.

Select the correct answer using the codes given below:

 
 
 
 

2. match the following

A.     Marginal propensity to consume (MPC): 1.    it is the change in consumption per unit change in income.
B.     Marginal propensity to save (MPS): 2.    it is the savings per unit of income
C.     Average propensity to consume (APC): 3.    it is the consumption per unit of income
D.    Average propensity to save (APS): 4.      it is the change in savings per unit change in income.

Choose the correct answer

 
 
 
 

3. match the following

A.      Ex ante consumption 1.    The value of planned consumption.
B.      Ex ante 2.    The value of planned investment.
C.      Ex post 3.    The actual or realised value of a variable as opposed to its planned value.
4.      The planned value of a variable as opposed to its actual value.

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4. Take a look at the following statement.

  1. The thrift paradox: As people grow more thrifty,
    they end up saving less or the same amount as before.
  2. Parametric shift: A graph shift caused by a change
    in a parameter's value.

Select the correct answer using the code given below.

 
 
 
 

5. Farmers are granted short-term credit help under the Kisan
Credit Card system for which of the following purposes?
(1) Working capital for the maintenance of farm assets, such as harvesters
(2) Farm purchase requirements for combine tractors and mini trucks
(3) Consumption households
(4) Post-harvest costs
(5) Building a family home and establishing a local cold storage facility
Select the correct answer using the code given below:

 
 
 
 

Question 1 of 5

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