Thursday 22 July 2021

Class 11 Economics - Introduction and Central Economic Problems (MCQs)(#class11Economics)(#eduvictors)(#cbsenotes)

 Class 11 Economics - Introduction and Central Economic Problems (MCQs)

Class 11 Economics - Introduction and Central Economic Problems (MCQs)(#class11Economics)(#eduvictors)(#cbsenotes)

Q1: The word ‘Economics’ originates from the ________ world ‘Oikonomia

(a) Roman

(b) French

(c) Greek

(d) European

Q2: In Business economics ‘ends’ refers to- 

(a) Human wants

(b) Resources

(c) Both (a) and (b)

(d) none of these

Q3: Which of the following is an economic activity?

(a) Housewife doing household duties

(b) Listening to music on radio

(c) Medical facility rendered by charitable trust

(d) Teaching one’s own son at home.

Q4: Business Economics is also known as _________.

(a) Managerial Economics

(b) Social Economics

(c) Environmental Economics 

(d) Money Market Economics

Q5: Scarcity in Economics is a/an. 

(a) Relative concept

(b) Absolute concept 

(c) Irrelevant concept 

(d) None of these

Q6: The study of economic behaviour of an individual firm or industry in national economy is called as ________

(a) Micro Economics

(b) Macro Economics

(c) Business Economics 

(d) Behavioural Economics

Q7: ________ also called as ‘Price Theory’ as it explains the composition of total production.

(a) Macro economics

(b) Micro Economics 

(c) Demand theory 

(d) Supply theory

Q8: Macro Economics deals with

(a) External value of money

(b) Employment and economic growth 

(c) General price level

(d) All of above

Q9: ________ explains the relationship between input and output

(a) Cost theory

(b) Supply theory

(c) Demand theory 

(d) Production theory

Q10: Consumer is the king under:

(a) Controlled economy

(b) free economy

(c) mixed economy

(d) Both (b) and (c)


1: (c) Greek

2: (a) Human wants

3: (c) Medical facility rendered by charitable trust

4: (a) Managerial Economics

5: (a) Relative concept

6: (a) Micro Economics

7: (b) Micro Economics 

8: (d) All of above

9: (d) Production theory

10: (d) Both (b) and (c)

👉See Also:

Economics - Ch0 - Measures of Central Tendency (Q & A)
Economics - Ch1 Introduction of Economics (Worksheet)
Economics - Ch1 Indian Economy (MCQs)
Economics - Chapter - India On the Eve of Independence and Planning (Unit Test Paper)
Economics - India on the eve of Independence (Q & A)

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