Introduction to Micro Economics Class 12 MCQs Questions with Answers

1. Which of the following falls under microeconomics?

2. Economy may be classified as:

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

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

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

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

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

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

9. Example of microeconomic variable is:

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

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

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

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

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

15. What do you mean by a mixed economy?

16. Which is a central problem of an economy ?

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

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

19. Under a free economy, prices are :

20. Which of the following statement is true?