CBSE Class 11 Economics Introduction to Micro Economics Quiz 2

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CBSE › Class 11 › Economics › Introduction to Micro Economics

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1. Economy may be classified as:

A Capitalist B Socialist C Mixed D All of these

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

A Capitalist B Socialist C Mixed D None of these

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

A Maximum production B Economic freedom C Earning profit D Maximum public welfare

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

A Socialist B Capitalist C Mixed D All of these

5. 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

6. Production Possibility Curve is:

A Concave to the axis B Convex to the axis C Parallel to the axis D Vertical to the axis

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

A Production Curve B Demand Curve C Indifference Curve D Production Possibility Curve

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

A National Income B Full. Employment C Total Production D All of these

9. 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

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

A Land B Labour C Capital D All of these

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