Introduction MCQ Questions Class 12 Economics Chapter 1
NCERT MCQ Questions for Class 12 Economics Chapter 1 Introduction. Introduction MCQ Questions with Answers from Class 12 Economics.
1.) Goods means which types of good which we use to satisfy people’s wants and needs?
(a). Physical
(b). Tangible
(c) . Intangible
(d). Both (a) and (b)
Ans. Option (d)
2.) Which of the following statement is correct.
(a) Everyone can fulfill there all wants.
(b) Resources are unlimited
(c)Everyone faces scarcity of resources.
(d)Wants are limited.
Ans – Option (c)
3.) A decision making unit can be.
(a) a single person
(b)a group
(c)any organization
(d)All of above
Ans – Option (d)
4.) which of the following is the basic economics problem faced by the society.
(a) allocation of the limited resources.
(b)to satisfy all the wants
(c)wants are limited
(d) resources are unlimited
Ans – Option (a)
5.) Which of the following is not a economic activity.
(a)Production
(b)Trading
(c)Exchange
(d) Consumption
Ans – Option (d)
6.) Which of the following is not central economic problem.
(a)How to produce?
(b)When to produce?
(c)what to produce?
(d)Whom to produce?
Ans – Option (b)
7.) In a centrally planned economy the economic decision taken by.
(a)seller take own decision
(b) Government and central authority
(c)Buyers
(d)wholesalers
Ans -Option (b)
8.The price of any good will rise.
(a)when the buyer demand more
(b)when the buyer not demanded
(c)when supply increase.
(d)when production increase
Ans – Option (a)
9.) In which type of economics we study the behavior of individual.
(a)macro economics
(b)micro economics
(c) positive economics
(d)normative economics
Ans -Option (b)
10.) In which type of economics we study the economy as whole by focusing our attention on aggregate measure.
(a)macro economics
(b)micro economics
(c) positive economics
(d)normative economics
Ans – option (a)
For more ⇓
- Economics MCQ Class 12 The Theory of the firm under Perfect Competition
- Economics MCQ Class 12 Market Equilibrium
- Economics MCQ Class 12 Non Competitive Markets
- NCERT Accountancy MCQ for Class 12
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