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Macro Economics Basic Quiz – Free Pdf Download

Macro Economics for UPSC | SSC | Banking | Railway | State PCS :- Hello Aspirants as we know that all of you are preparing for various government & private exams in which Macro Economics plays vital role and many questions are asked in GS/GK/GA section from this topic. Macro Economics Questions will help you understand this topic in better way.

The Macro Economic quiz is provided with detailed solution so that you will have better idea about the Macro Economics. You can Download the Free PDF of “Macro Economics Question & Answers” from above button.

So, we are providing you Previous Year Questions of Macro Economics that are asked in UPSC | SSC | RBI | NABARD | Banking | Railway | State PCS exams. Please attempt the Macro Economics Quiz and in comment section please reply your views regarding this quiz & also tell us about which topics quizzes you want. Don’t Forget to share this “Free Quiz on Macro Economics” among your friends. Keep Learning.

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1. When there is affect on economic activity of an specific country due to import and export, then such economy are called-

  1. Closed economy
  2. Open economy
  3. Agricultural economy
  4. Industrial economy

[toggle title=”Answer” state=”close”]Ans- (b) Expl:- When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.[/toggle]

2. The Worldwide great depression happens in which year-

(a) 1936 (b) 1929
(c) 1928 (d) 1930

[toggle title=”Answer” state=”close”]Ans (b) Expl:- The duration of great depression was different for different countries, but the starting of depression was 1929-32. The unemployment of America increases by +607%. Similarly in Germany by +214% & France by +214%.[/toggle]

3. Which among the following is not the investment of goods & services?

  1. Cost of machinery
  2. Increase in cost of raw goods
  3. Increasing department of company
  4. Cost of buying

[toggle title=”Answer” state=”close”]Ans (c) Expl:- Increasing the department of company is not the matter of investment on goods and services. [/toggle]

4. Preparing butter and ghee for household consumption of own family is a part of –

  1. Household investment production
  2. Industrial production
  3. Consumption
  4. Own Account Production

[toggle title=”Answer” state=”close”]Ans(c) Expl:- Preparing butter and ghee by a family for household consumption is a part of own account production.[/toggle]

5. Multinational firm is–

  1. A company started by foreign governments
  2. A single company established in different countries
  3. A company in India started by U.S. government
  4. A company started jointly by India and U.S

[toggle title=”Answer” state=”close”]Ans(b) Expl:- The Multinational firms are spread in various part of world. There modern techniques are welt equipped & products of such firms are widely spread and preferred in all parts of worlds.[/toggle]

6. Internal profit–
  1. Happens when internal trade expands
  2. Happens when business expands
  3. Happens in economy when they increase
  4. Happens in firms when they expand their product

[toggle title=”Answer” state=”close”]Ans(d) Expl:- Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.[/toggle]

7. The best Example of capital intensive industry in India is-

  1. Textile industry
  2. Steel industry
  3. Tourism industry
  4. Spare goods

[toggle title=”Answer” state=”close”]Ans(b) Expl:- Intensive industry are those industries which need large amount of capital for investment. [/toggle]

8. The Removal of prohibitions and hindrance by government is called.

  1. Globalisation
  2. Privatisation
  3. Liberalisation
  4. Bilateral

[toggle title=”Answer” state=”close”]Ans(c) [/toggle]

9. Which of the following is related to South-South debate?

  1. Cooperation between developing countries
  2. Defence Organisation
  3. Sitting between developed & developing countries
  4. All of the

[toggle title=”Answer” state=”close”]Ans(a) Expl:- South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”[/toggle]

10. In a economy “Development Stage” means-

  1. Starting of steadily increasing economy
  2. Bad economy
  3. Economy is on the verge of destroying
  4. All tariff to be

[toggle title=”Answer” state=”close”]Ans(a) Expl:- In economy “development stage” means starting of steadily increasing economy.[/toggle]



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