CBSE Class 11 Economics Introduction to Micro Economics Quiz 1

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CBSE › Class 11 › Economics › Introduction to Micro Economics

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1. 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

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

A Individual unit B Economic Aggregate C National Income D None of these

3. 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

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

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

A Arabian word B Greek word C German word D English word

6. 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

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

8. Which is a central problem of an economy ?

A Allocation of Resources B Optimum Utilisation of Resources C Economic Development D All of these

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

A Production B Consumption C Exchange and Investment D All of these

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

A Choice B Consumer’s Selection C Firm Selection D None of these

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