Class 11 Economics MCQ Chapter 1 Introduction Question Answer English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Economics MCQ Chapter 1 Introduction and select need one. AHSEC Class 11 Economics Objective Type Solutions in English As Per AHSEC New Book Syllabus Download PDF. AHSEC Economics MCQ Class 11.
Class 11 Economics MCQ Chapter 1 Introduction
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 11 Economics Multiple Choice Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Economics MCQ in English for All Chapters, You can practice these here.
Introduction
Chapter: 1
| PART – A : MICROECONOMICS |
Choose the Correct Option:
1. What does economics study?
(i) Political activities.
(ii) Economic activities of people.
(iii) Cultural activities.
(iv) Technological advancements.
Ans: (ii) Economic activities of people.
2. Microeconomics studies:
(i) Economy as a whole.
(ii) The behavior of individual units.
(iii) National income.
(iv) General price levels.
Ans: (ii) The behavior of individual units.
3. Which economist coined the terms microeconomics and macroeconomics?
(i) J.M. Keynes.
(ii) Ragnar Frisch.
(iii) Adam Smith.
(iv) Alfred Marshall.
Ans: (ii) Ragnar Frisch.
4. What is another name for microeconomics?
(i) National income theory.
(ii) Price theory.
(iii) Employment theory.
(iv) Welfare theory.
Ans: (ii) Price theory.
5. What is studied under macroeconomics?
(i) Consumer behavior.
(ii) National income and general price levels.
(iii) Production techniques.
(iv) Supply and demand of individual goods.
Ans: (ii) National income and general price levels.
6. What does microeconomics study primarily?
(i) Government policies.
(ii) Price determination of individual goods.
(iii) The production of national goods.
(iv) The consumption of all citizens.
Ans: (ii) Price determination of individual goods.
7. Macroeconomics is also known as:
(i) Price theory.
(ii) Theory of income and employment.
(iii) Supply-demand theory.
(iv) Welfare economics.
Ans: (ii) Theory of income and employment.
8. Microeconomics does not analyze:
(i) National unemployment.
(ii) Household income.
(iii) Individual firms’ behavior.
(iv) General price levels.
Ans: (iv) General price levels.
9. What does macroeconomics focus on?
(i) The behavior of a firm.
(ii) Distribution of income.
(iii) The economy as a whole.
(iv) Production of one firm.
Ans: (iii) The economy as a whole.
10. Which of the following is an assumption in microeconomics?
(i) National income remains constant.
(ii) All macroeconomic variables remain constant.
(iii) All microeconomic variables remain constant.
(iv) The government intervenes in every decision.
Ans: (iii) All microeconomic variables remain constant.
11. What does a macroeconomist study?
(i) The price of a commodity.
(ii) Aggregate demand and supply.
(iii) The behavior of an individual consumer.
(iv) Pricing of individual factors of production.
Ans: (ii) Aggregate demand and supply.
12. What does scarcity in economics refer to?
(i) Abundance of resources.
(ii) Limited resources to satisfy unlimited wants.
(iii) Unemployment of resources.
(iv) High profits in the economy.
Ans: (ii) Limited resources to satisfy unlimited wants.
13. What is the basic problem in economics due to scarcity of resources?
(i) Underemployment.
(ii) Inflation.
(iii) Making choices among alternative uses of resources.
(iv) Low demand for goods.
Ans: (iii) Making choices among alternative uses of resources.
14. Microeconomics deals with:
(i) National inflation.
(ii) Unemployment in the economy.
(iii) Behavior of individual units like firms or households.
(iv) General price level of an economy.
Ans: (iii) Behavior of individual units like firms or households.
15. Macroeconomics is concerned with:
(i) The choice of technique for individual goods.
(ii) National income and total employment.
(iii) The behavior of an individual consumer.
(iv) Pricing of individual factors of production.
Ans: (ii) National income and total employment.
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