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 :
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
CBSE Class 12 Economics Microeconomics MCQs |
CBSE Class 12 Economics Consumers Equilibrium and Demand MCQs |
CBSE Class 12 Economics Cost and Revenue MCQs |
CBSE Class 12 Economics Producer Behavior and Supply MCQs |
CBSE Class 12 Economics The Theory of Firm Under Perfect Competition MCQs |
CBSE Class 12 Economics Forms of Market and Price Determination MCQs |
CBSE Class 12 Economics Non Competitive Markets MCQs |
CBSE Class 12 Economics Macroeconomics MCQs |
CBSE Class 12 Economics National Income Accounting Environmental Issues MCQ |
CBSE Class 12 Economics National Income and Related Aggregates MCQs |
CBSE Class 12 Economics Money and Banking MCQs |
CBSE Class 12 Economics Determination of Income and Employment MCQs |
CBSE Class 12 Economics Government Budget and The Economy MCQs |
CBSE Class 12 Economics Exchange Rate and Balance Of Payments MCQs |
CBSE Class 12 Economics Open Economy Macroeconomics 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
You can download the CBSE MCQs for Class 12 Economics Chapter 1 Microeconomics for latest session from StudiesToday.com
Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 1 Microeconomics Class 12 for Economics
Yes, the MCQs issued by CBSE for Class 12 Economics Chapter 1 Microeconomics have been made available here for latest academic session
You can easily access the links above and download the Chapter 1 Microeconomics Class 12 MCQs Economics for each topic
There is no charge for the MCQs and their answers for Class 12 CBSE Economics Chapter 1 Microeconomics you can download everything free
Regular revision of MCQs given on studiestoday for Class 12 subject Economics Chapter 1 Microeconomics can help you to score better marks in exams
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.