CBSE Class 12 Economics Introduction To Macroeconomics Worksheet

Read CBSE Class 12 Economics Introduction To Macroeconomics Worksheet below. Find free printable Class 12 Economics worksheets in PDF format built specially for Part B Macroeconomics Chapter 1 Introduction to Macroeconomics. These practice tasks follow the 2026-27 curriculum patterns suggested by CBSE, NCERT, and KVS to help you learn faster.

Part B Macroeconomics Chapter 1 Introduction to Macroeconomics Economics Practice Worksheet for Class 12

Use these Class 12 Economics chapter-wise worksheets for daily study routines. They feature important questions and answers for Part B Macroeconomics Chapter 1 Introduction to Macroeconomics to make test prep simple. Working through these Class 12 Economics exercises consistently will sharpen your math and logic skills for the 2026-27 tests.

Part B Macroeconomics Chapter 1 Introduction to Macroeconomics Worksheet Download for Class 12 Economics

Introduction to Macro Economics
 
VERY SHORT ANSWER / OBJECTIVE TYPE QUESTIONS (1 Mark each)
 
1. Define macroeconomics.
 
2. Which of the following is not a stock variable?
a) Changes stock   b) capital    c) money supply    d) All of the above
 
3. Who wrote the book General theory of employment and interest?
 
4. ----------- variables measured over a period of time.
 
5. Measurement of National income is part of -------- economics.
 
6. Intermediate goods are :
a) Purchased by firm
b) They are non-durable nature
c) Meant for further process of production
d) All of the above
 
7. Interest is the reward for land as factor of production.
 
8. Define capital goods.
 
9. Give two examples of consumer durables.
 
SHORT ANSWER QUESTIONS (3 / 4 Marks each)
 
10. What is meant by double counting? How can it be avoided?
 
11. Distinguish between intermediate and final goods. Why is the value of final goods not included in national income?
 
12. Distinguish between domestic income and national income
 
13. Distinguish stock and flow variable.
 
14. Machine purchased is always a final good. Do you agree? Explain
 
LONG ANSWER QUESTIONS (6 Marks each)
 
15. Define circular flow of income. Using a flow chart, explain the flow of income in a twosector economic model with financial sector.
 
16. Describe the four major sectors in an economy according to the macroeconomic point of view.

I. Choose the correct alternative.

Question. What is known as the study of individual units?
(a) Macroeconomics
(b) Microeconomics
(c) Income and Employment Theory
(d) Development economics
Answer: (b)

Question. What is the main cause of all economic problems?
(a) Abundance
(b) Convenience
(c) Scarcity
(d) None of these
Answer: (c)

Question. Study of aggregates is known as _________
(a) Macroeconomics
(b) Microeconomics
(c) Price theory
(d) Factor price determination
Answer: (a)

Question. What is the name of the book written by J.M. Keynes?
(a) Wealth of Nation
(b) Political economy
(c) The General Theory of Employment, Interest and Money
(d) None of these
Answer: (c)

Question. When was the famous book of Prof. Keynes published?
(a) 1930
(b) 1931
(c) 1936
(d) 1940
Answer: (c)

Question. When did the great depression occur?
(a) 1929-30
(b) 1934-35
(c) 1938-39
(d) 1941-42
Answer: (a)

Question. Who is known as the father of modern macroeconomics?
(a) Adam Smith
(b) J.M.Keynes
(c) Samuelson
(d) Hicks
Answer: (b)

Question. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
(a) Microeconomics
(b) Price theory
(c) Factor price determination
(d) Macroeconomics
Answer: (d)

II. Fill in the blanks with the correct answer.

Question. The mother of all economic problems is _________
Answer: scarcity

Question. Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a _______
Answer: whole

Question. _______ was the founding father of modern economics.
Answer: Adam Smith

Question. Keynes book on Income and Employment came into light in the year _________
Answer: 1936

Question. Aggregate Demand is the sum total of consumption and _________
Answer: investment

Question. The period of the great depression was from __________
Answer: 1929-33

III. State whether the following statements are true or false.

Question. Capital, land, labor, and entrepreneur are the factors of production.
Answer: True

Question. The expenses which raise productive capacity are known as investment expenditure.
Answer: True

Question. The domestic country may sell goods to the rest of the world. It is called imports.
Answer: False

Question. The domestic country may buy goods from the rest of the world. It is called exports.
Answer: False

Question. The capitalist economy works for social welfare.
Answer: False

Question. Microeconomics deals with the aggregate economic variable of an economy.
Answer: False

Question. ‘Save more’ is always a virtue.
Answer: False

IV. Match the following.

Question.

Column-I Column-II
1. Worldwide Depression (A) 1936
2. Publication year of Keynes’s book (B) 1929-30
3. Problem of unemployment (C) Microeconomics study
4. Study of the sugar industry (D) J.M.Keynes
5. Father of Macroeconomics (E) Ragnar Frisch
6. Who divided economics into two parts? (F) Macroeconomics study


Answer:

Column-I Column-II
1. Worldwide Depression (B) 1929-30
2. Publication year of Keynes’s book (A) 1936
3. Problem of unemployment (F) Macroeconomics study
4. Study of the sugar industry (C) Microeconomics study
5. Father of Macroeconomics (D) J.M.Keynes
6. Who divided economics into two parts? (E) Ragnar Frisch

 

Please click on below link to download CBSE Class 12 Economics Introduction To Macroeconomics Worksheet

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Chapter Practice Questions for Class 12 Economics

Access the Part B Macroeconomics Chapter 1 Introduction to Macroeconomics practice worksheet above to gear up for forthcoming school assessments. Following the active CBSE curriculum for Class 12 Economics, these solved questions are simple to download in PDF format for daily practice. Built by expert educators around high-yield exam themes, these exercises help raise your overall test scores.

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FAQs

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Are these Economics Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Economics Introduction To Macroeconomics Worksheet includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

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Yes, we have provided detailed solutions for CBSE Class 12 Economics Introduction To Macroeconomics Worksheet to help Class 12 and follow the official CBSE marking scheme.

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Daily practice with these Economics worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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