MCQ Economics Class 12 Chapter 1 Introduction Microeconomics Advertisement MCQ’s For All Chapters – Microeconomics Class 12th 1. Increase (growth) of resources implies that production possibility curve :Shifts to the RightShifts to the leftRotates to the rightNone of theseQuestion 1 of 152. The following table show the production of cricket bats and sarres of an imaginary economy :If the production of cricket bats is increased from 3 thousand to 4 thousand, how much production of sarees will he to be sacrificed by the economy ?Zero8 lakh sarees30 lakh sarees 20 lakh sareesQuestion 2 of 153. Which Economist divided Economics in two branches of micro and macro on the basis of economic activity?MarshallRicardoRagnar FrishNone of theseQuestion 3 of 154. Which of the following is studied under Micro Economics ?Individual unitEconomic AggregateNational IncomeNone of theseQuestion 4 of 155. Which of the following economic activities are included in the subject-matter of Economics?Economic Activities related to Unlimited WantsEconomic Activities related to Limited ResourcesBoth (a) and (b)None of theseQuestion 5 of 156. On which base structure of economic problems has been installed?Unlimited WantsLimited ResourcesBoth (a) and (b)None of the aboveQuestion 6 of 157. ‘Micros’, which means ‘Small’ belongs to:Arabian wordGreek wordGerman wordEnglish wordQuestion 7 of 158. Which of the following statement is true?Human wants are infiniteResources are limitedScarcity problem gives birth to choiceAll of theQuestion 8 of 159. Which of the following is the salient feature of factors (or resources) ?These are limited as compared to wantsThese have alternative usesBoth (a) and (b)None of the aboveQuestion 9 of 1510. Which is a central problem of an economy ?Allocation of ResourcesOptimum Utilisation of ResourcesEconomic DevelopmentAll of theseQuestion 10 of 1511. Which of the following Is a type of economic activities ?ProductionConsumptionExchange and InvestmentAll of theseQuestion 11 of 1512. To which factor, economic problem is basically related to:ChoiceConsumer’s SelectionFirm SelectionNone of theseQuestion 12 of 1513. Economy may be classified as:CapitalistSocialistMixedAll of theseQuestion 13 of 1514. Which economy has a co-existence of private and public sectors ?CapitalistSocialistMixedNone of theseQuestion 14 of 1515. The main objective of a socialist economy is…….Maximum productionEconomic freedomEarning profitMaximum public welfareQuestion 15 of 15 Loading...
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