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 - 1
Question 1:
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 2:
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 3:
Which of the following statement is true?
(a) Human wants are infinite
(b) Resources are limited
(c) Scarcity problem gives birth to choice .
(d) All of these
Correct Answer – (C)
Question 4:
On which base structure of economic problems has been installed?
(a) Unlimited Wants
(b) Limited Resources
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (C)
Question 5:
Which of the following is studied under Micro Economics ?
(a) Individual unit
(b) Economic Aggregate
(c) National Income
(d) None of these
Correct Answer – (D)
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:
Which of the following is the salient feature of factors (or resources) ?
(a) These are limited as compared to wants
(b) These have alternative uses
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (C)
Question 8:
‘Micros’, which means ‘Small’ belongs to:
(a) Arabian word
(b) Greek word
(c) German word
(d) English word
Correct Answer – (B)
Question 9:
Which of the following economic activities are included in the subject-matter of Economics?
(a) Economic Activities related to Unlimited Wants
(b) Economic Activities related to Limited Resources
(c) Both (a) and (b)
(d) None of these
Correct Answer – (C)
Question 10:
Which Economist divided Economics in two branches of micro and macro on the basis of economic activity?
(a) Marshall
(b) Ricardo
(c) Ragnar Frish
(d) None of these
