Introduction to Micro Economics | Chapter 1 | Class 11 | Social Science | Economics

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In this test paper, we will practice our learning of Introduction to Micro Economics | Chapter 1 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Introduction to Micro Economics | Chapter 1 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. Which Economist divided Economics in two branches of micro and macro on the basis of economic activity?

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2. Which of the following is studied under Micro Economics ?

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3. Which of the following economic activities are included in the subject-matter of Economics?

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4. On which base structure of economic problems has been installed?

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5. ‘Micros’, which means ‘Small’ belongs to:

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6. Which of the following statement is true?

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7. Which of the following is the salient feature of factors (or resources) ?

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8. Which is a central problem of an economy ?

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9. Which of the following Is a type of economic activities ?

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10. To which factor, economic problem is basically related to:

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11. Economy may be classified as:

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12. Which economy has a co-existence of private and public sectors ?

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13. The main objective of a socialist economy is…….

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14. In which economy decisions are taken on the basis of price mechanism ?

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15. The slope of a production possibility curve falls:

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16. Production Possibility Curve is:

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17. Mention the name of the curve which shows economic problem:

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18. Which of the following is studied under Macro Economics ?

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19. Which of the following Is a branch of Micro Economics ?

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20. Which of the following is a source of production ?

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21. Who said, “Economics is a science of wealth.”

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22. “Economics is a science of logic.’’ Who said it ?

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23. Micro Economics includes:

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24. Who was the father of Economics ?

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25. Who gave the definition of Economics related to welfare ?

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26. The word ‘micro’ was firstly used by:

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27. According to whom, Economics is a science of human welfare ?

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28. Which of the following is not a factor of production ?

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29. The central problem of an economy is:

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30. Consumer behaviour is studied in:

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31. Indian economy is:

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32. Who used the word ‘micro’ for the first time:

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33. Who said economics is the ‘Science of wealth:

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34. What is the shape of production possibility curve:

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35. The reason for downward shape of production possibility curve is:

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36. The point of optimum utilization of resources lies on which side of PPC curve:

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