Mix Bag Question - 1 (XI)

Which of the following is related to microeconomics?

• Inflation in the economy

• Problem of unemployment

• National Income

• Income from Railways

A typical PP frontier shows -

• The actual output the nation is producing

• The minimum output the nation must produce

• The maximum output the nation can produce for all times to come

• The potential output of the nation from the given resources at present

A person has four job offers of Rs. 20,000, Rs. 23,000, Rs. 25,000, and Rs. 28,000 respectively. Assuming that working conditions in all the four are the same and the person is rational. The opportunity cost of the offer chosen is:

• Rs. 20,000

• Rs. 23,000

• Rs. 25,000

• Rs. 28,000

Which among the following is not an economic activity -

• Mother teaching her son

• Doctor treating his daughter

• Fast unto death by a social activist

• All of the above

Who gave the scarcity definition of Economics?

• Marshall

• Robbin

• Adam Smith

• Samuelson

Statistics is derived from -

• Latin word “status”

• Italian word “Statista”

• Hindi word “Jansankhya”

• None of the above

Statistics cannot study -

• Aggregates of facts

• Individual facts

• Agricultural facts

• Population facts

The term ‘statistics’ is used as -

• Singular

• plural

• Singular and plural both

• None of the above

Economic activities are performed for the following -

• Social objective

• Money and income

• To serve humanity

• To serve friends and relatives

Which of the following is not a statement in statistics?

• The sale of firm A has gone up from Rs. 4.38 lakhs in 2019 to Rs. 4.77 lakhs in 2021.

• In India, the death rate has come from 9.8 per thousand in 1991 to 8.7 per thousand in 2001.

• The production of wheat has increased.

• Ram got 12% more marks than Shyam.