ECONOMICS ASSESSMENT - 2 (2020-21)

ECONOMICS ASSESSMENT - 2 (2020-21)

11th Grade

20 Qs

quiz-placeholder

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ECONOMICS ASSESSMENT - 2 (2020-21)

ECONOMICS ASSESSMENT - 2 (2020-21)

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

vikash Gupta

Used 35+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  1. Microeconomics is concerned with the

Behaviour of the society

Behaviour of small units

Behaviour of individual economic units

Behaviour of consumers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The word 'Economic' is most closely connected to the word

Scarcity

Unlimited

Restricted

Free

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer Behaviour is the study of

Microeconomics

Macroeconomics

Income theory

None of the avove

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic problem is basically a

problem of consumer choice

problem of choice arising due to limited means

problem of firms choice

None of these

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a normative statement?

Planed economics allocate resources via government departments.

Most transitional economies have experienced problems of falling output and rising prices over the past decade.

There is greater degree of consumer sovereignty in market economies than planned economies.

Reducing inequality should be a major priority for mixed economies.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The problem of 'What to produce' relates to:

The choice of technique

Distribution of income

Market value of the good and services

The choice of good and service

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Central problem of an economy can be:

What goods to produce and how much to produce

How to produce

For whom to produce

All of the above

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