SUBJECT: ECONOMICS (ASSIGNMENT – 3)
CLASS: 10 +2 [HUMANITIES & COMMERCE]
I. Answer the following Multiple Choice Questions:
(i) Macroeconomics is a___________.
(a) Study of firm (b) Study of an industry
(c) Study of whole economy (d) Study of individual behaviour
(ii) Who is known as ‘Father of Modern Macroeconomics’?
(a) J.M. Keynes (b) Lord Robbins
(c) Dr. A. Marshall (d) A.C. Pigou
(iii) Which of the following is a stock item?
(a) Wealth (b) Exports
(c) Savings (d) Profit
(iv) A flow is a quantity that is measured for a particular period of point of time. (True / False)
5. The Problem of double counting can be avoided by using?
(a) Final output method (b) Value added method
(c) Both of above (d) None of these
6. Read Statement [1] and Statement [2] carefully and choose the correct option given below:
Statement [1]: Money supply includes money held by all the financial institutions.
Statement[2]: Money held by financial institutions does not come into circulation/money supply.
(a) Statement [1] is incorrect and Statement [2] is correct.
(b) Statement [2] is incorrect and Statement [1] is correct.
(c) Both Statements are correct.
(d) Both Statements are incorrect.
7. An Indian employed in WHO located in India, is a normal resident of India. (True /False)
8. Which of the following institution is responsible for issuing notes in India?
(a) Reserve Bank of India (b) Ministry of finance
(c) Ministry of commerce (d) Niti Aayog.
9. Read the following statements carefully and choose the correct alternative.
Statement [1]: SLR is determined by Reserve Bank of India.
Statement [2]: The Central Bank offers loans to the Government.
(a) Statement [1] is incorrect and Statement [2] is correct.
(b) Statement [2] is incorrect and Statement [1] is correct.
(c) Both Statements are correct.
(d) Both Statements are incorrect.
