Xii Eco Chapter 1 Test

17 Questions | Total Attempts: 23

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Xii Eco Chapter 1 Test


Questions and Answers
  • 1. 
    Economics is a ___________ science.
    • A. 

      Social

    • B. 

      Natural

    • C. 

      Political

    • D. 

      Anthropological

  • 2. 
    Microeconomics is a _____________ equilibrium analysis.
    • A. 

      Partial

    • B. 

      General

    • C. 

      Semi partial

    • D. 

      Aggregate

  • 3. 
    Microeconomics adopts ___________  approach.
    • A. 

      Individualistic

    • B. 

      Aggregative

    • C. 

      Comprehensive

    • D. 

      Superlative

  • 4. 
    The credit for the development of microeconomics approach goes to ___________
    • A. 

      Marshall

    • B. 

      Keynes

    • C. 

      Pigou

    • D. 

      Mathus

  • 5. 
    ___________used the term microeconomics for the first time.
    • A. 

      Ragner Frisch

    • B. 

      Ricardo

    • C. 

      Marshall

    • D. 

      Adam Smith

  • 6. 
    A study of ___________ is microeconomics.
    • A. 

      Firm

    • B. 

      Whole economy

    • C. 

      Industries

    • D. 

      Not Application

  • 7. 
    Micro economics studies ___________
    • A. 

      Small factor

    • B. 

      Large factor

    • C. 

      Total economy

  • 8. 
    Micro-economics concentrates on the study of ___________
    • A. 

      An individual

    • B. 

      A nation

    • C. 

      Family

    • D. 

      State

  • 9. 
    Micro economics study is the ___________ study of whole economy.
    • A. 

      Microscopic

    • B. 

      Detailed

    • C. 

      General

    • D. 

      Realistic

  • 10. 
    Most of the ___________ economic theories are based on certain assumptions.
    • A. 

      Micro

    • B. 

      Macro

  • 11. 
    ___________ economics believes in the non-intervention policy by the government.
    • A. 

      Micro

    • B. 

      Macro

  • 12. 
    Prof. ___________  is mainly concerned with microeconomics.
    • A. 

      Boulding

    • B. 

      Keynes

    • C. 

      Pigou

    • D. 

      Robbin

  • 13. 
    The term micro and macro economics first used by ___________.
    • A. 

      Ragner Frisch

    • B. 

      Adam Smith

    • C. 

      Robbins

    • D. 

      Mashall

  • 14. 
    Microeconomics is a study of ___________
    • A. 

      individual economic unit

    • B. 

      Whole economy

    • C. 

      General price level

    • D. 

      National output

  • 15. 
    Microeconomics is also called as ___________
    • A. 

      Price theory

    • B. 

      Income theory

    • C. 

      Growth theory

    • D. 

      Employment theory

  • 16. 
    Microeconomic analysis adopts ___________ method.
    • A. 

      Slicing

    • B. 

      Lumping

    • C. 

      Aggregative

    • D. 

      Inclusive

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