Introduction to Micro Economics Class 12 MCQs Questions with Answers

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

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

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

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

5. Which is a central problem of an economy ?

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

7. Which of the following falls under microeconomics?

8. Which of the following statement is true?

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

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

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

12. Economy may be classified as:

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

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

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

16. Example of microeconomic variable is:

17. Under a free economy, prices are :

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

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

20. What do you mean by a mixed economy?