NCERT Class 11 Economics MCQ Chapter 1 Introduction Solutions to each chapter is provided in the list so that you can easily browse through different chapters NCERT Class 11 Economics MCQ Chapter 1 Introduction Question Answer and select need one. NCERT Class 11 Economics MCQ Chapter 1 Introduction Solutions Download PDF. NCERT Class 11 Statistics For Economics Multiple Choice Solutions.
NCERT 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. NCERT Class 11 Economics Objective Type Solutions are part of All Subject Solutions. Here we have given CBSE Class 11 Economics Multiple Choice Question and Answer, HS First Year Economics MCQ Solutions for All Chapters, You can practice these here.
Introduction
Chapter: 1
PART – (A) STATISTICS FOR ECONOMICS
MCQ
1. ‘Economics is a study of mankind in the ordinary business of life.’ This definition is given by:
(a) Adam Smith.
(b) Prof. Samuelson.
(c) Prof. Ribbons.
(d) Alfred Marshall.
Ans: (d) Alfred Marshall.
2. Economics is considered as a/an:
(a) Science.
(b) Art.
(c) Both (a) and (b).
(d) None of these.
Ans: (c) Both (a) and (b).
3. The person who produces goods and services to satisfy human wants is known as:
(a) Producer.
(b) Consumer.
(c) Seller.
(d) Buyer.
Ans: (a) Producer.
4. __________ is the process through which consumers satisfy their wants by using various goods and services.
(a) Production.
(b) Distribution.
(c) Consumption.
(d) None of these.
Ans: (c) Consumption.
5. ___________ produces goods and services for the generation of income.
(a) Consumer.
(b) Producer.
(c) Both (a) and (b).
(d) Neither (a) nor (b).
Ans: (b) Producer.
6. Which of the following is an economic activity?
(a) A farmer growing wheat for self-consumption.
(b) A father buying books for his children.
(c) A person going to a temple.
(d) Both (a) and (b).
Ans: (d) Both (a) and (b).
7. An economic problem arises as:
(a) Human wants are unlimited.
(b) Means are limited.
(c) Resources have alternate uses.
(d) All of these.
Ans: (d) All of these.
8. __________ is the root cause of all economic problems.
(a) Alternate use of resources.
(b) Unlimited wants.
(c) Scarcity.
(d) All of these.
Ans: (c) Scarcity.
9. The word statistics is used as:
(a) Singular.
(b) Plural.
(c) Both Singular and Plural.
(d) None of these.
Ans: (c) Both Singular and Plural.
10. Statistics in singular sense means:
(a) Statistical methods.
(b) Descriptive statistics.
(c) Inductive statistics.
(d) Statistical data.
Ans: (a) Statistical methods.
11. Statistics in plural sense indicates:
(a) Statistical methods.
(b) Descriptive statistics.
(c) Inductive statistics.
(d) Statistical data.
Ans: (d) Statistical data.
12. The scope of statistics extends to:
(a) Government.
(b) Industry.
(c) Economics.
(d) All of these.
Ans: (d) All of these.
13. Statistical data are affected by ____________ cause(s).
(a) Single.
(b) Two.
(c) Multiple.
(d) Three.
Ans: (c) Multiple.
14. Statistical methods help to:
(a) Analyse economic problems.
(b) Formulate policies.
(c) Find economic relationships.
(d) All of these.
Ans: (d) All of these.
15. Which of the following is not a limitation of statistics?
(a) It does not deal with individuals.
(b) It does not study qualitative data.
(c) Statistical results are not exact.
(d) None of these.
Ans: (d) None of these
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