Refer to CBSE Class 11 Introduction MCQs Set C provided below available for download in Pdf. The MCQ Questions for Class 11 Economics with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Chapter 1 Introduction Class 11 MCQ are an important part of exams for Class 11 Economics and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Economics and also download more latest study material for all subjects
MCQ for Class 11 Economics Chapter 1 Introduction
Class 11 Economics students should refer to the following multiple-choice questions with answers for Chapter 1 Introduction in Class 11.
Chapter 1 Introduction MCQ Questions Class 11 Economics with Answers
Question. If a point falls inside the production possibility curve, what does it indicate ?
(a) Resources are over utilized
(b) Resources are under utilized
(c) There is employment in the economy
(d) Both (b) and (c)
Answer: B
Question. Which of the following are Components of economics?
(a) Consumption
(b) Production
(c) Distribution
(d) All of the options
Answer: D
Question. Data Collected For The First Time From The Source Of Origin Is Calle(D). …,…..
(a) Primary Data
(b) Secondry Data
(c) Internal Data
(d) None of The options
Answer: A
Question. Act of abstinence from consumption is known as.
(a) Production
(b) Savings
(c) Investment
(d) Consumption
Answer: B
Question. Statistics Is Both A Science As Well As….According Prof. Topper.
(a) Sociology
(c) Geography
(b) English
(d) An Art
Answer: D
Read the following statement given the and choose the correct alternative
Question. Statement 1- All statistics are data
Statement 2- All data are not Statistics
(a) Both are correct
(b) Both are incorrect
(c) Statement 1 is correct and statement 2 is incorrect
(d) Statement 1 is incorrect and statement 2 is correct
Answer: A
Question. Statement 1- Resources are always limited in relation to human wants.
Statement 2- Not all the resources have alternative uses
(a) Both are correct
(b) Both are incorrect
(c) Statement 1 is correct and statement 2 is incorrect
(d) Statement 1 is incorrect and statement 2 is correct
Answer: C
Question. Assertion (A)- Statistics can be collected in a systematic manner
Reason (R)- No conclusions can be drawn from unsystematic collection of data
(a) Both Assertion and reason are true. Reason is the correct explanation of assertion
(b) Both assertion and reason are true. Reason is not the correct explanation of assertion
(c) Assertion is true but reason is not
(d) Reason is true but assertion is not
Answer: A
Question. Assertion(A)- Statistics is a rainbow of lies
Reason (R)- Anyone can alter statistics to arrive at predetermined conclusions
(a) Both Assertion and reason are true. Reason is the correct explanation of assertion
(b) Both assertion and reason are true. Reason is not the correct explanation of assertion
(c) Assertion is true but reason is not
(d) Reason is true but assertion is not
Answer: D
Direction Read the following case study and answer questions on the basis of the same.
Statistics in plural sense refers to collection of numerical facts where as in singular sense, it refers to all statistical methods. Statistics plays an important role in economic policies as well as in economics laws like law of demand, law of supply.
Government uses various statistical information related to macroeconomics issues like poverty, unemployment, etc. However, it is open to criticism as it does not deal with individual facts and results are true only on an average. Various tools are used to analyse different components like central tendency, measures of variation, correlation and index numbers.
Question. Which of the following activities can be considered as economic activities?
(a) Production
(b) Investment
(c) Consumption
(d) All of the options
Answer: D
Question. Assertion (A) Economics has no importance when studied in isolation of statistics.
Reason (R) Validity of economic laws depends upon the empirical evidences.
Alternatives
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is false, but Reason (R) is true
(d) Both are false
Answer: A
Question. Which of the following tools are used in Statistics for analysis of data?
(a) Averages
(b) Regression
(c) Correction
(d) All of these
Answer: D
Direction Read the following case study and answer questions on the basis of the same.
Economics is derived from Greek words and used to be studied as a part of political system. Later, the importance of statistics was realised and studied as a separate discipline. On the other hand, statistics is derived from Latin word and gained its importance from its very beginning. Statistics is a different subject but has its importance in almost all disciplines. Economics and statistics are two inter-related subjects. Economic policies are formed with the help of statistical information, also the validity of economic theories are proved by statistical methods of interpretation. In all, it can be said that economics cannot work in isolation without statistics.
Question. Assertion (A) Statistical results are correct only on an average due to the presence of personal bias.
Reason (R) Statistics helps in enhancing human knowledge by using its method of interpretation of primary data.
Alternatives
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is true, but Reason (R) is false
(d) Assertion (A) is false, but Reason (R) is true
Answer: B
Question. Statistics always deals with ……… data.
(a) homogeneous
(b) heterogeneous
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Answer: A
Question. Which of the following is not a limitation of statistics?
(a) It only deals with aggregate of facts.
(b) It’s results can be misleading.
(c) It is not capable for further mathematical treatment.
(d) It’s results can be proven incorrectwithout reference.
Answer: C
Question. Government uses statistical information for ……… .
(a) makingmacroeconomic policies
(b) maintaining law and order
(c) administration
(d) All of the options
Answer: D
Question. Which of the following is/are limitations of Statistics?
(a) Statistics can lead to misleading conclusion.
(b) Statistical data should be homogeneous.
(c) Statistics simply is one of the methods of studying a phenomenon.
(d) All of the options
Answer: D
Question. Choose the correct statement from given below.
(a) The word ‘Economics’ means household management.
(b) Statistics only deals with quantitative facts.
(c) Non-economic activities do not involve use of money.
(d) Interpretation of data comes after analysis of data.
Answer: A
Question. Arrange the following stages of Statistics
(i) Organisation
(ii) Collection
(iii) Interpretation
(iv) Presentation
(v) Analysis
Choose from the options below
(a) (i), (iii), (ii), (v) and (iv)
(b) (iii), (ii), (i), (iv) and (v)
(c) (ii), (i), (iv), (v) and (iii)
(d) (iv), (v), (iii), (ii) and (i)
Answer: C
CBSE Class 11 Economics Liberalisation Privatisation and Globalisation An Appraisal MCQs Set A |
CBSE Class 11 Economics Liberalisation Privatisation and Globalisation An Appraisal MCQs Set B |
CBSE Class 11 Economics Liberalisation Privatisation and Globalisation An Appraisal MCQs Set C |
CBSE Class 11 Economics Rural Development MCQs Set A |
CBSE Class 11 Economics Rural Development MCQs Set B |
CBSE Class 11 Economics Rural Development MCQs Set C |
CBSE Class 11 Economics Employment Growth Informalisation and Other Issues MCQs Set A |
CBSE Class 11 Economics Employment Growth Informalisation and Other Issues MCQs Set B |
CBSE Class 11 Economics Employment Growth Informalisation and Other Issues MCQs Set C |
CBSE Class 11 Introduction MCQs Set A |
CBSE Class 11 Introduction MCQs Set B |
CBSE Class 11 Introduction MCQs Set C |
CBSE Class 11 Collection of Data MCQs Set A |
CBSE Class 11 Collection of Data MCQs Set B |
CBSE Class 11 Organisation of Data MCQs Set A |
CBSE Class 11 Organisation of Data MCQs Set B |
CBSE Class 11 Organisation of Data MCQs Set C |
CBSE Class 11 Presentation of Data MCQs Set A |
CBSE Class 11 Presentation of Data MCQs Set B |
CBSE Class 11 Presentation of Data MCQs Set C |
CBSE Class 11 Measures of Central Tendency MCQs Set A |
CBSE Class 11 Measures of Central Tendency MCQs Set B |
CBSE Class 11 Measures of Central Tendency MCQs Set C |
CBSE Class 11 Correlation MCQs Set A |
CBSE Class 11 Correlation MCQs Set B |
CBSE Class 11 Correlation MCQs Set C |
CBSE Class 11 Index Numbers MCQs Set A |
CBSE Class 11 Index Numbers MCQs Set B |
CBSE Class 11 Index Numbers MCQs Set C |
CBSE Class 11 Use of Statistical Tools MCQs Set A |
MCQs for Chapter 1 Introduction Economics Class 11
Expert teachers of studiestoday have referred to NCERT book for Class 11 Economics to develop the Economics Class 11 MCQs. If you download MCQs with answers for the above chapter you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Economics will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest books also refer to the NCERT solutions for Class 11 Economics. We have also provided lot of MCQ questions for Class 11 Economics so that you can solve questions relating to all topics given in each chapter. After solving these you should also refer to Class 11 Economics MCQ Test for the same chapter.
You can download the CBSE MCQs for Class 11 Economics Chapter 1 Introduction for latest session from StudiesToday.com
Yes, the MCQs issued by CBSE for Class 11 Economics Chapter 1 Introduction have been made available here for latest academic session
You can find CBSE Class 11 Economics Chapter 1 Introduction MCQs on educational websites like studiestoday.com, online tutoring platforms, and in sample question papers provided on this website.
To prepare for Chapter 1 Introduction MCQs, refer to the concepts links provided by our teachers and download sample papers for free.
Yes, there are many online resources that we have provided on studiestoday.com available such as practice worksheets, question papers, and online tests for learning MCQs for Class 11 Economics Chapter 1 Introduction