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 - 5
Question 1:
Which is a central problem of an economy ?
(a) Allocation of Resources
(b) Optimum Utilisation of Resources
(c) Economic Development
(d) All of these
Correct Answer – (D)
Question 2:
To which factor, economic problem is basically related to:
(a) Choice
(b) Consumer’s Selection
(c) Firm Selection
(d) None of these
Correct Answer – (A)
Question 3:
Which economy has a co-existence of private and public sectors ?
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these
Correct Answer – (C)
Question 4:
Issues related to unemployment are studied at the
(a) micro-level
(b) macro-level
(c) micro as well as macro-level
(d) none of the above
Correct Answer – (B)
Question 5:
What do you mean by a mixed economy?
(a) Modern and traditional industries
(b) Public and private sectors
(c) Foreign and domestic investments
(d) Commercial and subsistence farming
Correct Answer – (B)
MCQ Questions Class 11 Introduction to Micro Economics With Answers
Question 6:
Which of the following Is a type of economic activities ?
(a) Production
(b) Consumption
(c) Exchange and Investment
(d) All of these
Correct Answer – (D)
Question 7:
Economy may be classified as:
(a) Capitalist
(b) Socialist
(c) Mixed
(d) All of these
Correct Answer – (D)
Question 8:
Example of microeconomic variable is:
(a) Wholesale price index
(b) National Income
(c) Market demand
(d) Aggregate Demand
Correct Answer – (C)
Question 9:
Positive economics involves statements which are
(a) verifiable
(b) not verifiable
(c) may or may not be verified
(d) none of these
Correct Answer – (A)
Question 10:
‘Economics is the study of mankind in the ordinary business of life’. This definition was given by :
(a) Adam Smith
(b) Lord Robbins
(c) Alfred Marshall
(d) Samuelson
