CBSE  /  Class 11  /  Economics  /  Introduction to Micro Economics

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

  • Marshall
  • Ricardo
  • Ragnar Frish
  • None of these

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

  • Individual unit
  • Economic Aggregate
  • National Income
  • None of these

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

  • Economic Activities related to Unlimited Wants
  • Economic Activities related to Limited Resources
  • Both (a) and (b)
  • None of these

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

  • Unlimited Wants
  • Limited Resources
  • Both (a) and (b)
  • None of the above

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

  • Arabian word
  • Greek word
  • German word
  • English word

  • 6. 
    Which of the following statement is true?

  • Human wants are infinite
  • Resources are limited
  • Scarcity problem gives birth to choice .
  • All of these

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

  • These are limited as compared to wants
  • These have alternative uses
  • Both (a) and (b)
  • None of the above

  • 8. 
    Which is a central problem of an economy ?

  • Allocation of Resources
  • Optimum Utilisation of Resources
  • Economic Development
  • All of these

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

  • Production
  • Consumption
  • Exchange and Investment
  • All of these

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

  • Choice
  • Consumer’s Selection
  • Firm Selection
  • None of these
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