1. According to Keynes , the consumption function primarily relates consumption to: A) Interest rate B) Income C) Price level D) Money supply Follow the Unique Study Centre channel on WhatsApp: https://whatsapp.com/channel/0029Vb6e3LCA2pLEYnNqUC1H 2. The Keynesian consumption function is generally expressed as: A) C = a + bY B) C = a − bY C) C = b/Y D) C = Y − C 3. In the equation C = a + bY, ‘a’ represents: A) Marginal propensity to consume B) Average propensity to consume C) Autonomous consumption D) Induced investment 4. According to Keynes, the marginal propensity to consume (MPC) is: A) Greater than 1 B) Equal to 1 always C) Between 0 and 1 D) Less than 0 5. The slope of the Keynesian consumption function is equal to: A) APC B) MPC C) MPS D) APS 6. If income increases by ₹1,000 and consumption increases by ₹800, the MPC is: A) 0.2 B) 0.5 C) 0.8 D) 1.25 7. According to Keynes’s psychological law of consumption , as income increases: A) Consumption increases more than proportiona...
This blog is very useful for all competitive Exams and Academics. Ug,pg,PhD, and References