Plus Two Economics Chapter 9 – Online Practice Exam in English

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Chapter 9 :-

Money and Banking

Multi-choice Practice Exam

Question

1) One among the following is not a characterestic of Keynesian consumption function:

Answers

The aggregate real consumption consumption expenditure is a stable function of real income

The MPC must lie in between zero and one

The consumption is a function of rate of interest

MPC = 1 – MPS

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Question

2) If the value of MPC in an economy is unity, the value of MPS will be 

Answers

One

Zero

Infinity

Two

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Question

3) If all the people of the economy increase the proportion of income they save, the aggregate savings in the economy will not increase. This phenomenon is known as

Answers

Paradox of thrift

Paradox of prosperity

Leontif paradox

Giffen paradox

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Question

4) Among the following, choose the one which represent the multiplier:

Answers

one by MPC

MPC devided by MPS

MPS devided by MPC

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Question

5) MPC =

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c/y

ΔC/ΔY

mps three

four

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Question

6) Match the following

A B
1)ΔC/ΔY i. MPS
2)Consumption when income is zero ii. Multiplier
3)ΔS/ΔY iii. MPC
4)1/1-c iv. Autonomous consumption

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1)iii, 2)iv, 3)i, 4)ii

1)ii, 2)iii, 3)i, 4)iv

1)i, 2)iii, 3)iv, 4)ii

1)iv, 2)iii, 3)i, 4)ii

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Question

7) I MPC increases , equilibrium income will

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Increase

Decrease

remain same

None of these

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Question

8) In the given equation C = 100 + .8y, MPC is

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100

100 + .8y

.8

100.8y

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Question

9) In the equation AD =Ᾱ+cY, if investment increases the aggregate demand curve will shift 

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Parallally upwards

Parallally downwards

pivot upward

pivot downward

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Question

10) In a two  sector model, equilibrium income equals

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A bar consumption

c by y

None of these

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Question

11) Ex Ante values are called

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Planned values

Actual values

Realized values

Actual and realised values

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Question

12) MPS is 0.25,  then multiplier is

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4

.75

1.75

1.33

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Question

13)  MPC + ___ = 1

Answers

MPS

MPC

MEC

None of these

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Question

15) At equilibrium AD = __

Answers

DD

I

C

AS

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Question

15) C = 20 + 0.8Y, if  income = 100, then consumption will b

Answers

10

80

100

20

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Question

16) MPC is 0.8, then MPS is

Answers

.2

.8

1.8

1.2

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Question

17) Change in graph due to the change in parameters is called 

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Movement along the curve

Parametric shift

Expansion

Contraction

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Question

18) y = a + bx is a 

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Linear equation

Radical equation

Rational equation

None of these

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Question

19) MPS = 1 – ___

Answers

MEC

MPC

MPS

Consumption

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Question

20) Find odd-one

Answers

Consumption demand

Investment demand

Derived demand

Government demand

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