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12th Economics Quiz

July 25, 2026

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12 standard Economics one mark questions

1.The branches of the subject Economics is a) Wealth and welfare b) production and consumption c) Demand and supplyd) micro and macro 2. Who coined the word ‘Macro’? a) Adam Smith b) J M Keynes c) Ragnar Frisch d) Karl Marx 3. Who is regarded as Father of Modern Macro Economics? a) Adam Smith b) J M Keynes c) Ragnar Frisch d) Karl Marx 4. Identify the other name for Macro Economics. a) Price Theory b) Income Theory c) Market Theory d) Micro Theory 5. Macro economics is a study of ___________________. a) individuals b) firms c) a nation d) aggregates 6.Indicate the contribution of J M Keynes to economics. a) Wealth of Nations b) General Theory c) Capital d) Public Finance 7. A steady increase in general price level is termed as_____________. a) wholesale price index b) Business Cycle c) Inflation d) National Income 8. Identify the necessity of Economic policies. a) to solve the basic problems b) to overcome the obstacles c) to ...

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12th Economics Quiz

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