Introduction to Micro Economics Class 12 MCQs Questions with Answers

1. Under a free economy, prices are :

2. Example of microeconomic variable is:

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

4. Which of the following falls under microeconomics?

5. What do you mean by a mixed economy?

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

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

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

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

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

13. Which of the following statement is true?

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

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

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

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

18. Which is a central problem of an economy ?

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

20. Economy may be classified as: