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Microeconomics class11 chapter 1

Authored by Bhoomika kathuria

Other

11th Grade

Used 21+ times

Microeconomics class11 chapter 1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following included in components of microeconomics?

Theory of equilibrium

Theory of price

Theory of consumer behaviour

Both b and c

Theory of disequilibrium

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economy deals with economic issues related to past,present and future ?

Micro economics

Macro economics

Normative economics

Positive economics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer is not Sovereign in which type of economy

Market economy

Centrally planned economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not concerned with the problem of choice?

Unlimited wants

Excessive income

Alternative use of resources

Limited resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Scarcity of resources exists

At macro level

At micro level

Micro as well as macro level

None of these

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Our resources are (a)   as compared to our wants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls economic activities under centrally planned economy

Government

Central authorities

Market forces

Both a and b

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