Free Macroeconomics MCQs with Answers
1,499 Macroeconomics MCQs from Economics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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1,499 questions · page 21 of 75
- A. Wheat
- B. Rice
- C. Gram
- D. None of these
Explanation: Rice is a kharif crop because it is generally sown with the monsoon and harvested later in the year.
Correct answer: Rice- A. Red Soil
- B. Black soil
- C. Literate soil
- D. None of these
Explanation: Black soil is deep, clayey and moisture-retentive, allowing it to support deep-rooted crops such as cotton.
Correct answer: Black soil- A. China
- B. Brazil
- C. India
- D. USA
Explanation: Brazil has long been the world’s leading sugarcane producer, mainly because of its vast cultivated area and strong sugar-ethanol industry.
Correct answer: Brazil- A. Russia
- B. China
- C. Pakistan
- D. USA
Explanation: China is the world’s largest coal producer by a wide margin, producing more coal than the United States and Russia.
Correct answer: China- A. Australia
- B. Argentina
- C. China
- D. Cuba
Explanation: China is traditionally identified as the leading rice-producing country, supported by its large irrigated agricultural regions and high…
Correct answer: China- A. mothers
- B. infants
- C. both a & b
- D. not a nor b
Explanation: Malnutrition increases the risk of death among both mothers and infants: it weakens maternal health and contributes to low birth weight…
Correct answer: both a & b- A. Sweden
- B. Australia
- C. Netherlands
- D. Switzerland
Explanation: Edam is a Dutch cheese named after the town of Edam in the Netherlands. The other countries listed are not its country of origin.
Correct answer: Netherlands- A. Arabia Sea
- B. Mediterranean sea
- C. North West Pacific Ocean
- D. East China Sea
Explanation: The Northwest Pacific is the world's largest marine fishing ground because of its extensive continental shelves, productive currents and…
Correct answer: North West Pacific Ocean- A. 51%
- B. 62%
- C. 55.5%
- D. 58.6%
Explanation: Asia contains roughly three-fifths of the world's population, commonly expressed in older statistical tables as about 58.6%.
Correct answer: 58.6%- A. Mustard
- B. Pepper
- C. Sald
- D. Basil
Explanation: Brassica is the botanical genus that includes mustard plants, while pepper and basil belong to different genera.
Correct answer: Mustard- A. United kingdom
- B. Australia
- C. China
- D. India
Explanation: China is generally the largest sheep-holding country, while Australia is a leading wool and sheep-producing country and is commonly ranked…
Correct answer: Australia- A. India
- B. Argentina
- C. United States
- D. China
Explanation: India has the world's largest cattle population, partly because cattle and buffalo are both counted in many agricultural statistics.
Correct answer: India- A. Russia
- B. China
- C. USA
- D. india
Explanation: The United States has the world's highest total oil consumption, even though other countries may have higher consumption growth rates.
Correct answer: USA- A. Canada
- B. China
- C. India
- D. Russia
Explanation: Russia is the world's largest country by total area, extending across both Europe and Asia.
Correct answer: Russia- A. Brazil
- B. Nigeria
- C. Ghana
- D. Ivory Coast
Explanation: Côte d'Ivoire, also called Ivory Coast, is the world's leading cocoa-producing country.
Correct answer: Ivory Coast- A. traditional
- B. feudal
- C. command
- D. mercantile
Explanation: Mercantilism stressed accumulating gold and silver, maintaining a favourable balance of trade, and acquiring colonies for raw materials…
Correct answer: mercantile- A. Age of Exploration
- B. Enlightenment
- C. Cold War
- D. Green Revolution
Explanation: Mercantilism developed during the Age of Exploration, when European states sought wealth through overseas trade, colonies, and…
Correct answer: Age of Exploration- A. The laws of supply and demand controlled the economy
- B. Trade policies mandated that imports exceed exports
- C. The success of the agricultural sector controlled the price of manufactured goods
- D. A central authority determined the type and quantity of goods to be produced
Explanation: In a command economy, a central planning authority decides what goods will be produced, in what quantities, and often at what prices.
Correct answer: A central authority determined the type and quantity of goods to be produced- A. China's economic policies were directly influenced by the success of the Soviet economic System
- B. The Tiananmen Square massacre resulted in Major economic reforms in China
- C. The success of the Cultural Revolution resulted in the increased westernization of china
- D. communist economic policies were not meeting the needs of the society
Explanation: China moved toward market-oriented reforms because rigid communist economic policies were failing to meet society's needs and were…
Correct answer: communist economic policies were not meeting the needs of the society- A. rejection of traditional custom
- B. expectation of improved economic opportunities
- C. guarantee of better housing
- D. fear of civil war
Explanation: Rural-to-urban migration is mainly driven by the expectation of better jobs, wages, education, and other economic opportunities in cities.
Correct answer: expectation of improved economic opportunities