Part-A, Chapter-1 ➤ Introduction to Macroeconomics 1. State whether the following statements are True or False:- The expenses which raise productive capacity are known as investment expenditure. True False 2. When was the famous book of Prof. Keynes published? 1930 1931 1936 1940 3. Who is known as the father of modern macroeconomics? Adam Smith J.M.Keynes Samuelson Hicks 4. State whether the following statements are True or False:- Microeconomics deals with the aggregate economic variable of an economy. True False 5. State whether the following statements are True or False:- The capitalist economy works for social welfare. True False 6. Study of aggregates is known as _________ Macroeconomics Microeconomics Price theory Factor price determination 7. What is the name of the book written by J.M. Keynes? Wealth of Nation Political economy The General Theory of Employment, Interest and Money None of these 8. State whether the following statements are True or False:- Capital, land, labour, and entrepreneur are the factors of production. True False 9. State whether the following statements are True or False:- The domestic country may sell goods to the rest of the world. It is called imports. True False 10. State whether the following statements are True or False:- ‘Save more’ is always a virtue. True False Loading … Question 1 of 10
