Introduction to Micro Economics Class 12 MCQs Questions with Answers

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

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

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

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

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

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

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

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

9. Economy may be classified as:

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

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

12. Which of the following falls under microeconomics?

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

14. Which of the following statement is true?

15. Which is a central problem of an economy ?

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

17. What do you mean by a mixed economy?

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

19. Under a free economy, prices are :

20. Example of microeconomic variable is: