Determination of Income and Employment Class 12 MCQ Quiz – Test Your Understanding!

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Are you ready to test your knowledge of Determination of Income and Employment from the Class 12 Economics syllabus? This chapter focuses on aggregate demand, aggregate supply, equilibrium level of income, and Keynesian economics, which are crucial for CBSE board exams and competitive exams.

About the Quiz

  • Chapter Name: Determination of Income and Employment
  • Subject: Economics
  • Book: NCERT Class 12 Economics
  • Question Type: Multiple Choice Questions (MCQs)
  • Leaderboard: Yes (Check Your Rank!)

Why Take This Quiz?

✔ Helps in CBSE board exam revision
✔ Strengthens understanding of national income equilibrium & employment theories
✔ Enhances knowledge of aggregate demand & supply concepts
✔ Track your progress with the leaderboard

Click Below to Start the Quiz!

Chapter 3 Determination of Income and Employment

1 / 15

What happens when ex-ante Aggregate Demand is more than ex-ante Aggregate Supply?

2 / 15

Suppose for a given economy,
S= -60 + 0.1Y
I= ₹ 4,000 crore
(Where S = Saving Function, Y = National Income and I = Investment Expenditure)
The equilibrium level of Income would be ₹ ______ crore.
(Choose the correct alternative to fill up the blank)

3 / 15

Read the following statements carefully:

  • Statement 1: The consumption function assumes that consumption changes at a constant rate as income changes.

  • Statement 2: Autonomous consumption is the ratio of total consumption (C) to total income (Y).

4 / 15

Graphically, the Aggregate Demand function can be obtained by vertically adding the _________ and _________ functions.

5 / 15

Read the following statement -Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

  • Assertion (A): The saving curve makes a negative intercept on the vertical axis at a zero level of income.

  • Reason (R): The saving function refers to the functional relationship between saving and income.

6 / 15

Read the following statements carefully:

  • Statement 1: Aggregate demand is the sum total of consumption and investment expenditures.

  • Statement 2: Total consumption consists of an autonomous component and an induced component.

Choose the correct option based on the above statements.

7 / 15

In an economy, the break-even point and equilibrium point may lie at the same level of income, if ex-ante investments are _____.

8 / 15

The value of __________ can be greater than one.

9 / 15

Choose the equation that represents the equilibrium condition in a two-sector economy.

10 / 15

What is the term used to describe the level of output where Aggregate Demand is equal to Aggregate Supply?

11 / 15

The total consumption and investment curves are given below:

determination of income and employment class 12 economics questions answers

Identify which of the following represents “Autonomous Consumption”.

12 / 15

What is the impact of an increase in reverse repo rate on the lending capacity of commercial banks?

13 / 15

Cut in Repo rate by RBI is likely to……….. (increase/decrease) the demand for goods and services in the economy. (choose the correct alternative)

14 / 15

As the Marginal Propensity to Save (MPS) increases, the value of the investment multiplier ____________. (Choose the correct alternative)

15 / 15

If the increase in National Income is equal to an increase in consumption, identity the value of Marginal Propensity to Save :

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1nirmeet87 %2 minutes 47 seconds13
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3Devashree87 %5 minutes 41 seconds13
4abc80 %7 minutes 6 seconds12
5abcd80 %23 minutes 6 seconds12
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10Om bhadauriya67 %3 minutes 28 seconds10
11pranjal67 %4 minutes 12 seconds10
12Khushi67 %13 minutes 17 seconds10
13Fahad Hasan60 %11 minutes 37 seconds9
14Shapna47 %1 minutes 11 seconds7
15Nk40 %2 minutes 21 seconds6
16Rahul33 %3 minutes 31 seconds5
17Lakshmi33 %3 minutes 53 seconds5
18Khushi33 %5 minutes 38 seconds5
19Jaish633 %5 minutes 39 seconds5
20mmmm33 %17 minutes 52 seconds5
21Meow27 %1 minutes 7 seconds4
22Shapna27 %1 minutes 49 seconds4
23Jyotiraditya27 %2 minutes 9 seconds4
24Rahul13 %1 minutes 11 seconds2
25Bidhuri13 %15 minutes 32 seconds2
26Aass7 %28 seconds1
27Yt7 %33 seconds1

Key Topics Covered in the Quiz

✔ Aggregate Demand (AD) and Aggregate Supply (AS)
✔ Consumption, Investment & Savings
✔ Equilibrium Level of Income & Employment
✔ Multiplier Effect & Its Applications
✔ Concept of Full Employment & Underemployment
✔ Keynesian Theory of Income & Employment

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