CBSE  /  Class 11  /  Economics  /  Introduction to Micro Economics

  • 1. 
    Indian economy is:

  • Centrally planned economy
  • Market economy
  • Mixed economy
  • None of these.

  • 2. 
    Who used the word ‘micro’ for the first time:

  • Marshall
  • Boulding
  • Keynes
  • Ragnar Frisch

  • 3. 
    Who said economics is the ‘Science of wealth:

  • Prof. Robbins
  • Prof. J. K. Mehta
  • Prof. Marshall
  • Prof. Adam Smith

  • 4. 
    What is the shape of production possibility curve:

  • Concave to the origin
  • Concave
  • Straight line
  • None of the above.

  • 5. 
    The reason for downward shape of production possibility curve is:

  • Increasing opportunity cost
  • Decreasing opportunity cost
  • Same opportunity cost
  • Negative opportunity cost

  • 6. 
    The point of optimum utilization of resources lies on which side of PPC curve:

  • Towards left
  • Towards right
  • Inside
  • Upwards
Report Question
warning
Practice More On Introduction to Micro Economics
Quiz 1 Quiz 2 Quiz 3 Quiz 4
access_time
  Time