Introduction to Micro Economics Class 12 MCQs Questions with Answers

1. What do you mean by a mixed economy?

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

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

4. Which is a central problem of an economy ?

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

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

7. Example of microeconomic variable is:

8. Which of the following statement is true?

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

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

11. Under a free economy, prices are :

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

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

14. Which of the following falls under microeconomics?

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

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

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

18. Economy may be classified as:

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

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