Introduction to Micro Economics Class 12 MCQs Questions with Answers

1. Which economy has a co-existence of private and public sectors ?

2. A study of how increase in the corporate income tax rate , will affect the natural unemployment rate is an example of :

3. Economy may be classified as:

4. Under a free economy, prices are :

5. ‘Economics is the study of mankind in the ordinary business of life’. This definition was given by :

6. Example of microeconomic variable is:

7. Which of the following falls under microeconomics?

8. Issues related to unemployment are studied at the ……………….

9. What do you mean by a mixed economy?

10. Which of the following economic activities are included in the subject-matter of Economics?

11. Which of the following Is a type of economic activities ?

12. Which of the following statement is true?

13. Positive economics involves statements which are ………………

14. On which base structure of economic problems has been installed?

15. ‘Micros’, which means ‘Small’ belongs to:

16. Which of the following is the salient feature of factors (or resources) ?

17. The branch of economic theory, that deals with the

18. Which is a central problem of an economy ?

19. In which type of economy do consumers and producers make their choices based on the market forces of demand and supply?

20. To which factor, economic problem is basically related to: