CBSE Class 11 Introduction to Micro Economics Multiple Choice Questions with Answers. MCQ Questions Class 11 Introduction to Micro Economics with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Introduction to Micro Economics with Answers to know their preparation level.
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MCQ Questions Class 11 Introduction to Micro Economics with Answers - Set - 2
Question 1:
Which of the following is a source of production ?
(a) Land
(b) Labour
(c) Capital
(d) All of these
Correct Answer – (D)
Question 2:
Which of the following is studied under Macro Economics ?
(a) National Income
(b) Full. Employment
(c) Total Production
(d) All of these
Correct Answer – (D)
Question 3:
Production Possibility Curve is:
(a) Concave to the axis
(b) Convex to the axis
(c) Parallel to the axis
(d) Vertical to the axis
Correct Answer – (A)
Question 4:
In which economy decisions are taken on the basis of price mechanism ?
(a) Socialist
(b) Capitalist
(c) Mixed
(d) All of these
Correct Answer – (B)
Question 5:
Which economy has a co-existence of private and public sectors ?
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these
Correct Answer – (C)
MCQ Questions Class 11 Introduction to Micro Economics With Answers
Question 6:
Which of the following Is a branch of Micro Economics ?
(a) Product Price Determination
(b) Factor Price Determination
(c) Economic Welfare
(d) All of these
Correct Answer – (D)
Question 7:
Mention the name of the curve which shows economic problem:
(a) Production Curve
(b) Demand Curve
(c) Indifference Curve
(d) Production Possibility Curve
Correct Answer – (D)
Question 8:
The slope of a production possibility curve falls:
(a) From left to right
(b) From right to left
(c) From top to bottom
(d) From bottom to top
Correct Answer – (C)
Question 9:
The main objective of a socialist economy is ……………………. .
(a) Maximum production
(b) Economic freedom
(c) Earning profit
(d) Maximum public welfare
Correct Answer – (D)
Question 10:
Economy may be classified as:
(a) Capitalist
(b) Socialist
(c) Mixed
(d) All of these
