CBSE  /  Class 11  /  Economics  /  Introduction to Micro Economics

  • 1. 
    Economy may be classified as:

  • Capitalist
  • Socialist
  • Mixed
  • All of these

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

  • Capitalist
  • Socialist
  • Mixed
  • None of these

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

  • Maximum production
  • Economic freedom
  • Earning profit
  • Maximum public welfare

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

  • Socialist
  • Capitalist
  • Mixed
  • All of these

  • 5. 
    The slope of a production possibility curve falls:

  • From left to right
  • From right to left
  • From top to bottom
  • From bottom to top

  • 6. 
    Production Possibility Curve is:

  • Concave to the axis
  • Convex to the axis
  • Parallel to the axis
  • Vertical to the axis

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

  • Production Curve
  • Demand Curve
  • Indifference Curve
  • Production Possibility Curve

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

  • National Income
  • Full. Employment
  • Total Production
  • All of these

  • 9. 
    Which of the following Is a branch of Micro Economics ?

  • Product Price Determination
  • Factor Price Determination
  • Economic Welfare
  • All of these

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

  • Land
  • Labour
  • Capital
  • All of these
Report Question
warning
Practice More On Introduction to Micro Economics
Quiz 1 Quiz 2 Quiz 3 Quiz 4
access_time
  Time