+2 std quiz part - 2

Every able bodied person who is willing

to work at the prevailing wage rate is

employed called as ……….

• (a) Full employment

• (b) Under employment

• (c) Unemployment

• (d) Employment opportunity

In disguised unemployment, the

marginal productivity of labour is …....

• (a) Zero

• (b) One

• (c) Two

• (d) Positive

J.B. Say is a …………………….

• (a) Neo Classical Economis

• (b) Classical Economist

• (c) Modern Economist

• (d) New Economist

According to Keynes, which type of

unemployment prevails in capitalist

economy ?

• (a) Full employment

• (b) Voluntary unemployment

• (c) Involuntary unemployment

• (d) Under employment

The core of the classical theory of

employment is …………

• (a) Law of Diminishing Return

• (b) Law of Demand

• (c) Law of Markets

• (d) Law of Consumption

………. Flexibility brings equality

between saving and investment.

• (a) Demand

• (b) Supply

• (c) Capital

• (d) Interest

Aggregate supply is equal to ………….

• (a) C + I + G

• (b) C + S + G + (x-m)

• (c) C + S + T + (x-m)

• (d) C + S + T + Rf

Keynes theory emphasized on ……

equilibrium.

• (a) Very short run

• (b) Short run

• (c) Very long run

• (d) Long run

In Keynes theory of employment and

income, ………….. is the basic cause

of economic depression.

• (a) Less production

• (b) More demand

• (c) Inelastic supply

• (d) Less aggregate demand in relation

  to productive capacity.

Find the odd one

• (a) cyclical unemployment

• (b) disgused unemployment

• (c) technical unemployment

• (d) full employment