Introduction to Micro Economics Class 12 MCQs Questions with Answers

1. Which of the following statement is true?

2. Which is a central problem of an economy ?

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

4. Example of microeconomic variable is:

5. What do you mean by a mixed economy?

6. Which of the following falls under microeconomics?

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

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

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

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

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

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

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

14. Economy may be classified as:

15. Under a free economy, prices are :

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

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

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

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

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