Introduction to Micro Economics Class 12 MCQs Questions with Answers

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

2. What do you mean by a mixed economy?

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

4. Economy may be classified as:

5. Which of the following statement is true?

6. Which of the following falls under microeconomics?

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

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

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

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

11. Under a free economy, prices are :

12. Which is a central problem of an economy ?

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

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

15. Example of microeconomic variable is:

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

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

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

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

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