Notes Plus Two Economics Chapter 10 – Online Practice Exam in English November 3, 2023 November 9, 2023 Chapter 10 Income Determination Chapter 11 Income Determination Multi-choice Practice Exam Question 1) One among the following is not a characterestic of Keynesian consumption function: Answers Option 1 The aggregate real consumption consumption expenditure is a stable function of real income Option 2 The MPC must lie in between zero and one Option 3 The consumption is a function of rate of interest Option 4 MPC = 1 – MPS Feedback Wrong click Incorrect selection Well done ! Correct choice. Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 2) If the value of MPC in an economy is unity, the value of MPS will be Answers Option 1 One Option 2 Zero Option 3 Infinity Option 4 Two Feedback Wrong click Wow ! Correct selection Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) 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 Option 1 Paradox of thrift Option 2 Paradox of prosperity Option 3 Leontif paradox Option 4 Giffen paradox Feedback Congrats ! Correct choice Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4) Among the following, choose the one which represent the multiplier: Answers Option 1 Option 2 Option 3 Option 4 Feedback Incorrect selection Well done ! Correct click Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5) MPC = Answers Option 1 Option 2 Option 3 Option 4 Feedback Incorrect selection Wow ! Correct selection Wrong click Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6) Match the following A B 1) i MPS 2)Consumption when income is zero ii Multiplier 3) iii MPC 4) iv Autonomous consumption Answers Option 1 1)iii, 2)iv, 3)i, 4)ii Option 2 1)ii, 2)iii, 3)i, 4)iv Option 3 1)i, 2)iii, 3)iv, 4)ii Option 4 1)iv, 2)iii, 3)i, 4)ii Feedback Correct. You look smart ! Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7) MPC increases , equilibrium income will Answers Option 1 Increase Option 2 Decrease Option 3 remain same Option 4 None of these Feedback Congrats ! Correct option. Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8) In the given equation C = 100 + .8y, MPC is Answers Option 1 100 Option 2 100 + .8y Option 3 .8 Option 4 100.8y Feedback Wrong click Incorrect selection Wow ! Correct selection Incorrect selection Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9) In the equation AD =Ᾱ+cY, if investment increases the aggregate demand curve will shift Answers Option 1 Parallally upwards Option 2 Parallally downwards Option 3 pivot upward Option 4 pivot downward Feedback Well done ! Correct choice Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10) In a two sector model, equilibrium income equals Answers Option 1 Option 2 Option 3 Option 4 None of these Feedback Wow ! Correct selection Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 11) Ex Ante values are called Answers Option 1 Planned values Option 2 Actual values Option 3 Realized values Option 4 Actual and realised values Feedback Correct. You look smart ! Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 12) MPS is 0.25, then multiplier is Answers Option 1 1 Option 2 0.75 Option 3 1.33 Option 4 4 Feedback Wrong click Incorrect selection Wrong click Wow ! Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 13) MPC + ___ = 1 Answers Option 1 MPC Option 2 MPS Option 3 MEC Option 4 None of these Feedback Wrong click Wow ! Correct selection Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 14) At equilibrium AD = __ Answers Option 1 DD Option 2 C Option 3 I Option 4 AS Feedback Wrong click Incorrect selection Wrong click Well done ! Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 15) C = 20 + 0.8Y, if income = 100, then consumption will be Answers Option 1 10 Option 2 80 Option 3 100 Option 4 20 Feedback Wrong click Incorrect selection Wow ! Correct selection Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 16) MPC is 0.8, then MPS is Answers Option 1 1 Option 2 .2 Option 3 2 Option 4 .8 Feedback Wrong click Correct selection. You are smart ! Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 17) Change in graph due to the change in parameters is called Answers Option 1 Parametric shift Option 2 Movement along the curve Option 3 Expansion Option 4 Contraction Feedback Wow ! Correct selection Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 18) y = a + bx is a Answers Option 1 Linear equation Option 2 Radical equation Option 3 Rational equation Option 4 None of these Feedback Well Done ! Correct selection Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 19) MPS = 1 – ___ Answers Option 1 MEC Option 2 MPC Option 3 MPS Option 4 Consumption Feedback Wrong click Congrats ! Correct option Wrong click Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 20) Find odd-one Answers Option 1 Consumption demand Option 2 Investment demand Option 3 Derived demand Option 4 Government demand Feedback Wrong click Incorrect selection Wow ! Correct selection Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) This practice test is prepared by myeconomics.info Note in English "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter 00 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *CommentName* Email* Website Save my name, email, and site URL in my browser for next time I post a comment. PreviousPlus Two Economics Chapter 10 – Income Determination- Short Note as Pdf NextPlus One Economics-Chapter 11: Short Note in Malayalam as Pdf
Multi-choice Practice Exam Question 1) One among the following is not a characterestic of Keynesian consumption function: Answers Option 1 The aggregate real consumption consumption expenditure is a stable function of real income Option 2 The MPC must lie in between zero and one Option 3 The consumption is a function of rate of interest Option 4 MPC = 1 – MPS Feedback Wrong click Incorrect selection Well done ! Correct choice. Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 2) If the value of MPC in an economy is unity, the value of MPS will be Answers Option 1 One Option 2 Zero Option 3 Infinity Option 4 Two Feedback Wrong click Wow ! Correct selection Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) 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 Option 1 Paradox of thrift Option 2 Paradox of prosperity Option 3 Leontif paradox Option 4 Giffen paradox Feedback Congrats ! Correct choice Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4) Among the following, choose the one which represent the multiplier: Answers Option 1 Option 2 Option 3 Option 4 Feedback Incorrect selection Well done ! Correct click Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5) MPC = Answers Option 1 Option 2 Option 3 Option 4 Feedback Incorrect selection Wow ! Correct selection Wrong click Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6) Match the following A B 1) i MPS 2)Consumption when income is zero ii Multiplier 3) iii MPC 4) iv Autonomous consumption Answers Option 1 1)iii, 2)iv, 3)i, 4)ii Option 2 1)ii, 2)iii, 3)i, 4)iv Option 3 1)i, 2)iii, 3)iv, 4)ii Option 4 1)iv, 2)iii, 3)i, 4)ii Feedback Correct. You look smart ! Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7) MPC increases , equilibrium income will Answers Option 1 Increase Option 2 Decrease Option 3 remain same Option 4 None of these Feedback Congrats ! Correct option. Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8) In the given equation C = 100 + .8y, MPC is Answers Option 1 100 Option 2 100 + .8y Option 3 .8 Option 4 100.8y Feedback Wrong click Incorrect selection Wow ! Correct selection Incorrect selection Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9) In the equation AD =Ᾱ+cY, if investment increases the aggregate demand curve will shift Answers Option 1 Parallally upwards Option 2 Parallally downwards Option 3 pivot upward Option 4 pivot downward Feedback Well done ! Correct choice Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10) In a two sector model, equilibrium income equals Answers Option 1 Option 2 Option 3 Option 4 None of these Feedback Wow ! Correct selection Incorrect selection Wrong click Incorrect selection Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 11) Ex Ante values are called Answers Option 1 Planned values Option 2 Actual values Option 3 Realized values Option 4 Actual and realised values Feedback Correct. You look smart ! Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 12) MPS is 0.25, then multiplier is Answers Option 1 1 Option 2 0.75 Option 3 1.33 Option 4 4 Feedback Wrong click Incorrect selection Wrong click Wow ! Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 13) MPC + ___ = 1 Answers Option 1 MPC Option 2 MPS Option 3 MEC Option 4 None of these Feedback Wrong click Wow ! Correct selection Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 14) At equilibrium AD = __ Answers Option 1 DD Option 2 C Option 3 I Option 4 AS Feedback Wrong click Incorrect selection Wrong click Well done ! Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 15) C = 20 + 0.8Y, if income = 100, then consumption will be Answers Option 1 10 Option 2 80 Option 3 100 Option 4 20 Feedback Wrong click Incorrect selection Wow ! Correct selection Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 16) MPC is 0.8, then MPS is Answers Option 1 1 Option 2 .2 Option 3 2 Option 4 .8 Feedback Wrong click Correct selection. You are smart ! Incorrect selection Wrong click Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 17) Change in graph due to the change in parameters is called Answers Option 1 Parametric shift Option 2 Movement along the curve Option 3 Expansion Option 4 Contraction Feedback Wow ! Correct selection Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 18) y = a + bx is a Answers Option 1 Linear equation Option 2 Radical equation Option 3 Rational equation Option 4 None of these Feedback Well Done ! Correct selection Wrong click Incorrect selection Wrong click Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 19) MPS = 1 – ___ Answers Option 1 MEC Option 2 MPC Option 3 MPS Option 4 Consumption Feedback Wrong click Congrats ! Correct option Wrong click Incorrect selection Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 20) Find odd-one Answers Option 1 Consumption demand Option 2 Investment demand Option 3 Derived demand Option 4 Government demand Feedback Wrong click Incorrect selection Wow ! Correct selection Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
