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Consumption and Investment Functions — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsConsumption and Investment Functions1 Mark
MCQ
Assertion (A): J.M. Keynes has influencing consumption function into subjective factors are the Internal factors related to psychological feelings.
Reason (R): J.M. Keynes has influencing consumption function into objective factors are Internal factors are not measurable.
  • A
    Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
  • B
    Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
  • ✓
    ‘A’ is true but ‘R’ is false
  • D
    ‘A’ is false but ‘R’ is true
✓

Answer

Correct option: C.
‘A’ is true but ‘R’ is false
‘A’ is true but ‘R’ is false

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