Introduction to Microeconomics Class 11 MCQ Economics are covered in this Article. Introduction to Microeconomics Class 11 MCQs Test contains 20 questions. Answers to MCQs on Introduction to Microeconomics Class 11 Economics are available after clicking on the answer. These MCQ have been made for Class 11 students to help check the concept you have learnt from detailed classroom sessions and application of your knowledge. For more MCQ’s, subscribe to our email list.
Introduction to Microeconomics Class 11 MCQ Economics
1. Micro Economics studies the behaviour of an _________ unit.
a) Individual Economic
b) As a whole
c) Both A and B
d) None
Answer
Answer: A) Individual Economic
2. What are the causes of Economic problems?
a) Unlimited human wants
b)Scarcity of economic resources
c) Alternative uses of resources
d) All of the above
Answer
Answer: D) All of the above
3. Abbreviate MOC ___________
a) Marginal object character
b) Marginal opportunity cost
c) Both A and B
d) None
Answer
Answer: B) Marginal opportunity cost
4. Abbreviate PPF ___________
a) Production Possibility Frontier
b) Possibility Production Frontier
c) A is False
d) B is False
Answer
Answer: A) Production possibility frontier
5. What are the reasons for the Rightward shift of PPC?
a) Migration
b) War
c) Skill development programme
d) None
Answer
Answer: C) Skill development programme
6. PPF can be a straight line: When?
a) Decrease in production of both goods.
b) More of both goods can be produced
c) All resources are equally efficient in the production of both goods
d) None of the above
Answer
Answer: C) All the resources are equally efficient in production of both goods
7. MRT formula ___________
a) MRT = ∆x / ∆y
b) MRT = ∆y
c) MRT= ∆x*∆y
d) MRT= ∆y / ∆x
Answer
Answer: (D) MRT= ∆y / ∆x
8. Economic Analysis are ___________
a) Positive Economic Analysis
b) Normative Economic Analysis
c) Regular Economic Analysis
d) Both A and B
Answer
Answer: D) Both A and B
9. When Marginal Opportunity Cost increases, PPF is _________ to origin.
a) Convex
b) Concave
c) Direct
d) All of the above
Answer
Answer: B) Concave
10. Economy is a system that helps to produce __________ and enables people to earn their living.
a) Goods and Services
b) Scarcity
c) Resources
d) Human wants
Answer
Answer: A) Goods and services
Introduction to Microeconomics Class 11 MCQ Economics
11. Example of Macro Economics?
a) Production of a firm
b) Demand of an individual consumer
c) Aggregate demand
d) All of the above
Answer
Answer: C) Aggregate demand
12. Allocation of resources comes under ___________
a) Causes of Economic problems
b) Causes of Central problems
c) Causes of Opportunity cost
d) Causes of Marginal demand
Answer
Answer: B) Causes of central problems
13. MRT is ___________ because all resources are not equally efficient in the production of both goods.
a) Decreasing
b) Increasing
c) Both A and B
d) None
Answer
Answer: B) Increasing
14. Positive Economics deals with ___________
a) As they are
b) They ought to be
c) Both A and B
d) None of the above
Answer
Answer: A) As they are
15. ___________ is defined as the additional cost in terms of number of units of good sacrificed to produce an additional unit of other good.
a) MRT
b) MOC
c) PPF
d) Rightward shift
Answer
Answer: B) MOC
16. “Rich people should be taxed more”, is an example of ________ Economic Analysis
a) Positive
b) Productive
c) Normative
d) None
Answer
Answer: C) normative
17. If MOC remains constant, PPF is __________ sloping straight line.
a) Upward
b) Downward
c) Central
d) Behind
Answer
Answer: B) downward
18. Scarcity means _________
a) Increase of resources
b) Shortage of resources
c) Constant resources
d) Both A and B
Answer
Answer: B) shortage of resources
19. Allocation of resources explained as __________
a) What to produce
b) How to produce
c) For whom to produce
d) All of the above
Answer
Answer: D) All the above
20. How many properties of PPC are involved?
a) 1
b) 2
c) 3
d) 4
Answer
Answer: B) 2
Term 1 – NCERT Economics Class 11 MCQ
Part A – MCQ Questions for Class 11 Statistics Economics
- Introduction to Statistics Class 11 MCQ Questions
- Collection, Organisation and Presentation of Data
- Statistical Tools and Interpretation – Arithmetic Mean, Median and Mode
Part B – MCQ Questions for Class 11 Microeconomics
- Introduction to Microeconomics
- Consumer’s Equilibrium and Demand