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| MCQ Questions for Class 12 Macroeconomics Chapter 2 With Answers PDF |
MCQ Questions for Class 12 Macroeconomics Chapter 2 With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Macroeconomics Chapter 2 consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Macroeconomics Chapter 2 With Answers PDF
- What is the main function of money? A) Store of value B) Medium of exchange C) Unit of account D) All of the above
Answer: D) All of the above
- What is meant by the money multiplier? A) The ratio of total money supply to reserve money B) The ratio of reserve money to total money supply C) The ratio of money supply to the reserve ratio D) The ratio of the reserve ratio to money supply
Answer: A) The ratio of total money supply to reserve money
- What is the purpose of the Reserve Bank of India (RBI)? A) To regulate the supply of money B) To regulate the flow of foreign exchange C) To regulate the value of the rupee D) All of the above
Answer: D) All of the above
- What is the difference between a commercial bank and a central bank? A) Commercial banks are owned by the government while central banks are owned by private individuals B) Central banks are responsible for regulating the money supply while commercial banks are not C) Commercial banks are responsible for printing currency while central banks are not D) None of the above
Answer: B) Central banks are responsible for regulating the money supply while commercial banks are not
- What is the main function of a commercial bank? A) To regulate the money supply B) To act as a lender of last resort C) To accept deposits and provide loans D) To print currency
Answer: C) To accept deposits and provide loans
- What is the definition of inflation? A) A sustained increase in the general price level of goods and services in an economy over a period of time B) A sustained decrease in the general price level of goods and services in an economy over a period of time C) A sustained increase in the general price level of goods in an economy over a period of time D) A sustained decrease in the general price level of goods in an economy over a period of time
Answer: A) A sustained increase in the general price level of goods and services in an economy over a period of time
- What is the difference between a savings account and a current account? A) Savings accounts offer higher interest rates while current accounts do not B) Current accounts offer overdraft facilities while savings accounts do not C) Savings accounts are meant for individuals while current accounts are meant for businesses D) Both A and B
Answer: D) Both A and B
- What is the definition of credit? A) An agreement to lend money in return for future payment B) An agreement to borrow money in return for future payment C) An agreement to lend goods in return for future payment D) An agreement to borrow goods in return for future payment
Answer: A) An agreement to lend money in return for future payment
- What is the purpose of a credit rating agency? A) To rate the creditworthiness of individuals B) To rate the creditworthiness of companies and governments C) To rate the creditworthiness of banks D) To rate the creditworthiness of financial institutions
Answer: B) To rate the creditworthiness of companies and governments
Benefits of MCQ Questions for Class 12 Macroeconomics Chapter 2
One of the benefits of using MCQ Questions for Class 12 Macroeconomics Chapter 2 is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Macroeconomics Chapter 2 more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Macroeconomics Chapter 2 is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Macroeconomics Chapter 2 With Answers PDF
In conclusion, MCQ Questions for Class 12 Macroeconomics Chapter 2 are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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