Free MCQ’s Quiz for Class 11 Economics Chapter 1 – Introduction to Micro Economics with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Economics – ‘Introduction to Micro Economics’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Economics Chapter 1 – Introduction to Micro Economics. Introduction to Micro Economics explains how and why different commodities have varying values, how people make more practical or efficient decisions, and how people organise and collaborate with one another.

To make you perfect in this topic – Introduction to Micro Economics, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Introduction to Micro Economics.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Introduction to Micro Economics

Results

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#1. "Which of the following economic activities does consider part of the topic of Economics? "

Economic Activities related to Limited Resources

Economic Activities related to Limited Resources

Economic Activities related to Unlimited Wants

Economic Activities related to Unlimited Wants

Both (1) and (2)

Both (1) and (2)

None of the above

None of the above

#2. Structure of economic problems has been installed on what basis?

Unlimited Wants

Unlimited Wants

Limited Resources

Limited Resources

Both (1) and (2)

Both (1) and (2)

None of the above

None of the above

#3. ‘Micros' means ‘Small’ belongs to:

German word

German word

English word

English word

Arabian word

Arabian word

Greek word

Greek word

#4. Which of the following statement is true?

Human wants are infinite

Human wants are infinite

Scarcity problem gives birth to choice

Scarcity problem gives birth to choice

Resources are limited

Resources are limited

All of the above

All of the above

#5. Which one of the following falls under microeconomics?

National income

National income

General price level

General price level

General price level

General price level

Factor pricing

Factor pricing

#6. In which economy do the private and public sectors coexist?

Capitalist

Capitalist

Socialist

Socialist

Mixed

Mixed

None of the above

None of the above

#7. The basic economic challenge is:

What to produce?

What to produce?

How to produce?

How to produce?

How to distribute produced goods?

How to distribute produced goods?

All the above

All the above

#8. Micro Economics includes:

Small units

Small units

Individual unit

Individual unit

Individual price determination

Individual price determination

All the above

All the above

#9. The economy may be categorised as:

Capitalist

Capitalist

Mixed

Mixed

Socialist

Socialist

All the above

All the above

#10. Unemployment issues are studied at the ____.

micro-level

micro-level

macro-level

macro-level

micro as well as macro-level

micro as well as macro-level

none of the above

none of the above

Finish