CBSE Class 12 Economics Microeconomics MCQs

Refer to CBSE Class 12 Economics Microeconomics MCQs provided below. CBSE Class 12 Economics MCQs with answers available in Pdf for free download. The MCQ Questions for Class 12 Economics with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 12 by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 1 Microeconomics are an important part of exams for Class 12 Economics and if practiced properly can help you to get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 12 Economics and also download more latest study material for all subjects

MCQ for Class 12 Economics Chapter 1 Microeconomics

Class 12 Economics students should refer to the following multiple-choice questions with answers for Chapter 1 Microeconomics in Class 12. These MCQ questions with answers for Class 12 Economics will come in exams and help you to score good marks

Chapter 1 Microeconomics MCQ Questions Class 12 Economics with Answers

 

Question :  Which of the following is not concerned with the problem of choice ?

a) Excessive income 

b) Alternative use of resources

c) Unlimited wants 

d) Limited (scarce) resources

Answer :  Excessive income 

 

Question :  Example of micro economic variable is:

a) Wholesale price index

b) National income

c) Market demand 

d) Aggregate demand

Answer :  Market demand 

 

Question :  Who controls economic activities under centrally planned economics ?

a) Industrialists           

b) Private firms

c) Government        

d) Consumers

Answer :  Government        

 

Question :  Slope of production curve is:

a) a straight line 

b) convex to the point of origin ‘O’

c) concave to the point of ‘O’ 

d) none of these

Answer :  concave to the point of ‘O’ 

 

Question :  The problem of 'what to produce' relates to:

a) The choice of technique 

b) Distribution of income

c) Market value of the goods and services 

d) The choice of goods and services

Answer :  The choice of goods and services

 

Question :  Increase (growth) of resources implies that production possibility curve :

a) Shifts to the Right 

b) Shifts to the left

c) Rotates to the right 

d) None of these

Answer :  Shifts to the Right 

 

Question :  The following table show the production of cricket bats and sarres of an imaginary economy :

CBSE Class 12 Economics Online Test

If the production of cricket bats is increased from 3 thousand to 4 thousand, how much production of sarees will he to be sacrificed by the economy ?

a) Zero

b) 8 lakh sarees

c) 30 lakh sarees 

d) 20 lakh sarees

Answer :  20 lakh sarees

 

Question :  What satisfying power of commodity is called :

a) Consumption        

b) Utility

c) Production

d) Value addiction

Answer :  Utility

 

Question :  Consuming two goods, consumer attains equilibrium when :

a) MU1 > MU2

b) MU2> MU1

c) MU1 = MU2 

d) TU1 = TU2

Answer :  MU1 = MU2 

 

Question :  When marginal utility is negative, total utility is :

a) Zero

b) Diminishing 

c) Maximum 

d) Minimum

Answer :  Diminishing 

Part A Microeconomics Chapter 01 Introduction to Micro Economics
CBSE Class 12 Economics Microeconomics MCQs
Part A Microeconomics Chapter 02 Theory of Consumer Behaviour
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs
Part A Microeconomics Chapter 04 The Theory of Firm Under Perfect Competition
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs
Part A Microeconomics Chapter 05 Market Equilibrium
CBSE Class 12 Economics Forms of Market and Price Determination MCQs
Part A Microeconomics Chapter 06 Non Competitive Markets
CBSE Class 12 Economics Non Competitive Markets MCQs
Part B Macroeconomics Chapter 01 Introduction to Macroeconomics
CBSE Class 12 Economics Macroeconomics MCQs
Part B Macroeconomics Chapter 03 Money and Banking
CBSE Class 12 Economics Money and Banking MCQs
Part B Macroeconomics Chapter 04 Determination of Income and Employment
CBSE Class 12 Economics Determination of Income and Employment MCQs
Part B Macroeconomics Chapter 05 Government Budget and Economy
CBSE Class 12 Economics Government Budget and The Economy MCQs

More Study Material

CBSE Class 12 Economics Chapter 1 Microeconomics MCQs

We hope students liked the above MCQs for Chapter 1 Microeconomics designed as per the latest syllabus for Class 12 Economics released by CBSE. Students of Class 12 should download the Multiple Choice Questions and Answers in Pdf format and practice the questions and solutions given in above Class 12 Economics MCQs Questions on daily basis. All latest MCQs with answers have been developed for Economics by referring to the most important and regularly asked topics which the students should learn and practice to get better score in school tests and examinations. Studiestoday is the best portal for Class 12 students to get all latest study material free of cost.

MCQs for Economics CBSE Class 12 Chapter 1 Microeconomics

Expert teachers of studiestoday have referred to NCERT book for Class 12 Economics to develop the Economics Class 12 MCQs. If you download MCQs with answers for the above chapter daily, you will get higher and better marks in Class 12 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 and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. You can easily download and save all MCQs for Class 12 Economics also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the MCQs which have been developed as per latest course books also refer to the NCERT solutions for Class 12 Economics designed by our teachers

Chapter 1 Microeconomics MCQs Economics CBSE Class 12

All MCQs given above for Class 12 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can refer to the answers which have been also provided by our teachers for all MCQs of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 12 Economics so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Economics students have been given on studiestoday.

Chapter 1 Microeconomics CBSE Class 12 MCQs Economics

Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 1 Microeconomics concepts. MCQs play an important role in developing understanding of Chapter 1 Microeconomics in CBSE Class 12. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 12 Economics in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter

CBSE MCQs Economics Class 12 Chapter 1 Microeconomics

CBSE Class 12 Economics best textbooks have been used for writing the problems given in the above MCQs. If you have tests coming up then you should revise all concepts relating to Chapter 1 Microeconomics and then take out print of the above MCQs and attempt all problems. We have also provided a lot of other MCQs for Class 12 Economics which you can use to further make yourself better in Economics

Where can I download latest CBSE MCQs for Class 12 Economics Chapter 1 Microeconomics

You can download the CBSE MCQs for Class 12 Economics Chapter 1 Microeconomics for latest session from StudiesToday.com

Can I download the MCQs of Chapter 1 Microeconomics Class 12 Economics in Pdf

Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 1 Microeconomics Class 12 for Economics

Are the Class 12 Economics Chapter 1 Microeconomics MCQs available for the latest session

Yes, the MCQs issued by CBSE for Class 12 Economics Chapter 1 Microeconomics have been made available here for latest academic session

How can I download the Chapter 1 Microeconomics Class 12 Economics MCQs

You can easily access the links above and download the Chapter 1 Microeconomics Class 12 MCQs Economics for each topic

Is there any charge for the MCQs with answers for Class 12 Economics Chapter 1 Microeconomics

There is no charge for the MCQs and their answers for Class 12 CBSE Economics Chapter 1 Microeconomics you can download everything free

How can I improve my MCQs in Class 12 Economics Chapter 1 Microeconomics

Regular revision of MCQs given on studiestoday for Class 12 subject Economics Chapter 1 Microeconomics can help you to score better marks in exams

What are MCQs for Class 12 Economics Chapter 1 Microeconomics

Multiple Choice Questions (MCQs) for Chapter 1 Microeconomics Class 12 Economics are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.