CBSE Class 12 Economics (Macroeconomics) Quiz

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Macroeconomics Quiz

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H Gpay

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CBSE Class 12 Economics (Macroeconomics) Quiz


CBSE Class 12 Economics (Macroeconomics) QuizOnline version Macroeconomics Quiz by H Gpay 1 1. Which of the following is a final good? a C. Bread purchased by a household b D. Sugar purchased by a sweet shop c A. Wheat purchased by a flour mill d B. Flour purchased by a bakery 2 2. A machine purchased by a factory for production is classified as: a D. Single-use Good b A. Consumer Good c B. Capital Good d C. Intermediate Good only 3 3. Identify the intermediate good: a D. Mobile phone purchased by a student b C. Steel purchased by an automobile company c A. Milk purchased by a household d B. Car purchased by a family 4 4. Which of the following is a durable consumer good? a D. Petrol b A. Bread c B. Milk d C. Refrigerator 5 5. Assertion (A): All capital goods are producer goods. Reason (R): Capital goods help in producing other goods and services. a D. A is false but R is true. b B. Both A and R are true but R is not the correct explanation. c A. Both A and R are true and R is the correct explanation of A. d C. A is true but R is false. 6 6. Which of the following is a single-use consumer good? a D. Refrigerator b A. Television c B. Laptop d C. Notebook 7 7. A bakery purchases flour worth ₹20,000 for making bread. Flour is: a D. Durable Good b A. Final Good c C. Intermediate Good d B. Capital Good 8 8. Depreciation refers to: a D. Increase in stock value b C. Wear and tear of fixed assets c B. Fall in market price of shares d A. Increase in value of assets 9 9. Another name for depreciation in National Income Accounting is: a B. Consumption of Fixed Capital b D. Disinvestment c A. Capital Gain d C. Capital Loss 10 10. Which of the following causes depreciation? a D. All of these b C. Passage of time c A. Wear and tear d B. Obsolescence 11 11. Assertion (A): Depreciation is deducted from Gross Investment to obtain Net Investment. Reason (R): Depreciation represents replacement of worn-out capital. a A. Both A and R are true and R is the correct explanation. b B. Both A and R are true but R is not the correct explanation. c D. A is false but R is true. d C. A is true but R is false. 12 12. Gross Investment is ₹8 lakh and Depreciation is ₹2 lakh. Net Investment is: a C. ₹6 lakh b D. ₹2 lakh c A. ₹10 lakh d B. ₹8 lakh 13 13. Net Investment can never be: a D. Either positive or zero b C. Negative c B. Zero d A. Positive 14 14. Which statement is correct? a B. Depreciation reduces capital stock. b C. Depreciation has no effect on capital stock. c D. Depreciation is transfer income. d A. Depreciation increases capital stock. 15 15. Investment means: a B. Addition to stock of capital goods b A. Purchase of shares only c C. Spending on consumption goods d D. Payment of taxes 16 16. Gross Investment = ₹15 lakh, Net Investment = ₹11 lakh. Calculate Depreciation. a C. ₹11 lakh b D. ₹15 lakh c A. ₹4 lakh d B. ₹26 lakh 17 17. If Gross Investment equals Depreciation, then: a D. Capital stock increases b C. Net Investment is negative c A. Net Investment is positive d B. Net Investment is zero 18 18. Which of the following is NOT a capital good? a D. Shirt purchased by a consumer b C. Sewing machine used by a tailor c B. Computer used in an office d A. Tractor used by a farmer 19 19. A company purchases a new machine worth ₹12 lakh. During the year, depreciation amounts to ₹3 lakh. Net Investment is: a D. ₹3 lakh b C. ₹15 lakh c B. ₹12 lakh d A. ₹9 lakh 20 20. Case-Based Question: A furniture manufacturer buys wood worth ₹50,000 and uses it to make tables sold to households. Wood purchased by the manufacturer is: a C. Consumer Good b A. Final Good c B. Intermediate Good d D. Durable Good 21 21. Case-Based Question: A transport company replaces old buses due to wear and tear. The reduction in value of old buses is known as: a A. Capital Gain b D. Consumption Expenditure c C. Transfer Payment d B. Depreciation 22 22. HOTS Question: A firm reports Gross Investment of ₹20 lakh. The value of its capital stock increases by only ₹6 lakh during the year. Depreciation is: a A. ₹14 lakh b C. ₹6 lakh c D. ₹20 lakh d B. ₹26 lakh 23 23. Which of the following is both a final good and a consumer good? a A. Flour purchased by bakery b B. Wheat purchased by flour mill c C. Car purchased by a household d D. Steel purchased by automobile company 24 24. Assertion (A): Every intermediate good is a producer good. Reason (R): Intermediate goods are used for further production. a A. Both A and R are true and R is the correct explanation. b D. A is false but R is true. c C. A is true but R is false. d B. Both A and R are true but R is not the correct explanation. 25 25. Gross Investment is ₹25 lakh and Depreciation is ₹30 lakh. Net Investment is: a D. ₹55 lakh b A. ₹5 lakh c C. -₹5 lakh d B. ₹0

CBSE Class 12 Economics (Macroeconomics) Quiz

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CBSE Class 12 Economics (Macroeconomics) QuizOnline version

by H Gpay

1. Which of the following is a final good?

2. A machine purchased by a factory for production is classified as:

3. Identify the intermediate good:

4. Which of the following is a durable consumer good?

5. Assertion (A): All capital goods are producer goods. Reason (R): Capital goods help in producing other goods and services.

6. Which of the following is a single-use consumer good?

7. A bakery purchases flour worth ₹20,000 for making bread. Flour is:

8. Depreciation refers to:

9. Another name for depreciation in National Income Accounting is:

10. Which of the following causes depreciation?

11. Assertion (A): Depreciation is deducted from Gross Investment to obtain Net Investment. Reason (R): Depreciation represents replacement of worn-out capital.

12. Gross Investment is ₹8 lakh and Depreciation is ₹2 lakh. Net Investment is:

13. Net Investment can never be:

14. Which statement is correct?

15. Investment means:

16. Gross Investment = ₹15 lakh, Net Investment = ₹11 lakh. Calculate Depreciation.

17. If Gross Investment equals Depreciation, then:

18. Which of the following is NOT a capital good?

19. A company purchases a new machine worth ₹12 lakh. During the year, depreciation amounts to ₹3 lakh. Net Investment is:

20. Case-Based Question: A furniture manufacturer buys wood worth ₹50,000 and uses it to make tables sold to households. Wood purchased by the manufacturer is:

21. Case-Based Question: A transport company replaces old buses due to wear and tear. The reduction in value of old buses is known as:

22. HOTS Question: A firm reports Gross Investment of ₹20 lakh. The value of its capital stock increases by only ₹6 lakh during the year. Depreciation is:

23. Which of the following is both a final good and a consumer good?

24. Assertion (A): Every intermediate good is a producer good. Reason (R): Intermediate goods are used for further production.

25. Gross Investment is ₹25 lakh and Depreciation is ₹30 lakh. Net Investment is: