Economics MCQ Class 11 Chapter 4: Check the below NCERT MCQ Questions for Economics MCQ Class 11 Chapter 4 with Answers Pdf free download. Economics MCQ Class 11 Chapter 4 Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 11 Chapter 4 with Answers to help students understand the concept very well.

We trust that the offered Economics MCQs for Class 11 with responses Chapter 4: Introduction to Microeconomics will help you. Assuming you have any questions with respect to CBSE Class 11 Economics, Introduction to Microeconomics MCQs, drop a remark underneath, and we will hit you up at the most punctual.

Economics MCQ Class 11 Chapter 4

1. Which is a central problem of an economy ?
(a) Allocation of Resources
(b) Optimum Utilisation of Resources
(c) Economic Development
(d) All of these

2. Which of the following Is a type of economic activities ?
(a) Production
(b) Consumption
(c) Exchange and Investment
(d) All of these

3. To which factor, economic problem is basically related to:
(a) Choice
(b) Consumer’s Selection
(c) Firm Selection
(d) None of these

4. Which of the following is studied under Micro Economics ?
(a) Individual unit
(b) Economic Aggregate
(c) National Income
(d) None of these

5. Which of the following economic activities are included in the subject-matter of Economics?
(a) Economic Activities related to Unlimited Wants
(b) Economic Activities related to Limited Resources
(c) Both (a) and (b)
(d) None of these

6. Which of the following statement is true?
(a) Human wants are infinite
(b) Resources are limited
(c) Scarcity problem gives birth to choice .
(d) All of these

7. Which economy has a co-existence of private and public sectors ?
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these

8. The main objective of a socialist economy is ______.
(a) Maximum production
(b) Economic freedom
(c) Earning profit
(d) Maximum public welfare

9. In which economy decisions are taken on the basis of price mechanism ?
(a) Socialist
(b) Capitalist
(c) Mixed
(d) All of these

10. Production Possibility Curve is:
(a) Concave to the axis
(b) Convex to the axis
(c) Parallel to the axis
(d) Vertical to the axis

11. Mention the name of the curve which shows economic problem:
(a) Production Curve
(b) Demand Curve
(c) Indifference Curve
(d) Production Possibility Curve

12. The slope of a production possibility curve falls:
(a) From left to right
(b) From right to left
(c) From top to bottom
(d) From bottom to top

13. Which of the following Is a branch of Micro Economics ?
(a) Product Price Determination
(b) Factor Price Determination
(c) Economic Welfare
(d) All of these

14. Who said, “Economics is a science of wealth.”
(a) Marshall
(b) Robbins
(c) Adam Smith
(d) J.K. Mehta

15. Which of the following is studied under Macro Economics ?
(a) National Income
(b) Full. Employment
(c) Total Production
(d) All of these

Follow on Facebook