Practice CUET Economics MCQs Unit I Introduction to Microeconomics provided below. The MCQ Questions for UG Unit I Introduction to Microeconomics Economics with answers and follow the latest CUET/ NCERT and KVS patterns. Refer to more Chapter-wise MCQs for CUET UG Economics and also download more latest study material for all subjects
MCQ for UG Economics Unit I Introduction to Microeconomics
UG Economics students should review the 50 questions and answers to strengthen understanding of core concepts in Unit I Introduction to Microeconomics
Unit I Introduction to Microeconomics MCQ Questions UG Economics with Answers
Question : What satisfying power of commodity is called :
a) Consumption
b) Utility
c) Production
d) Value addiction
Answer : Utility
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 : 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 : Consuming two goods, consumer attains equilibrium when :
a) MU1 > MU2
b) MU2> MU1
c) MU1 = MU2
d) TU1 = TU2
Answer : MU1 = MU2
Question : Who controls economic activities under centrally planned economics ?
a) Industrialists
b) Private firms
c) Government
d) Consumers
Answer : Government
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 : Example of micro economic variable is:
a) Wholesale price index
b) National income
c) Market demand
d) Aggregate demand
Answer : Market demand
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 : When marginal utility is negative, total utility is :
a) Zero
b) Diminishing
c) Maximum
d) Minimum
Answer : Diminishing
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’
Attempt Mock Tests on this topic
| CUET Economics MCQs Unit I Introduction to Microeconomics |
| CUET Economics MCQs Unit II Consumer Behaviour and Demand |
| CUET Economics MCQs Unit III National Income and Related Aggregates Basic Concepts and Measurement |
| CUET Economics MCQs Unit IV Determination of Income and Employment |
| CUET Economics MCQs Unit IX Current Challenges Facing the Indian Economy |
| CUET Economics MCQs Unit V Money and Banking |
| CUET Economics MCQs Unit VI Government Budget and the Economy |
| CUET Economics MCQs Unit VII Balance of Payments |
| CUET Economics MCQs Unit VIII Development Experience 1947 90 and Economic Reforms since 1991 |
| CUET Economics MCQs Unit X Development Experience in India |
Important Practice Resources for Mock Tests for CUET Economics
MCQs for Unit I Introduction to Microeconomics Economics UG
Students can use these MCQs for Unit I Introduction to Microeconomics to quickly test their knowledge of the chapter. These multiple-choice questions have been designed as per the latest syllabus for UG Economics released by CUET. Our expert teachers suggest that you should practice daily and solving these objective questions of Unit I Introduction to Microeconomics to understand the important concepts and better marks in your school tests.
Unit I Introduction to Microeconomics NCERT Based Objective Questions
Our expert teachers have designed these Economics MCQs based on the official NCERT book for UG. We have identified all questions from the most important topics that are always asked in exams. After solving these, please compare your choices with our provided answers. For better understanding of Unit I Introduction to Microeconomics, you should also refer to our NCERT solutions for UG Economics created by our team.
Online Practice and Revision for Unit I Introduction to Microeconomics Economics
To prepare for your exams you should also take the UG Economics MCQ Test for this chapter on our website. This will help you improve your speed and accuracy and its also free for you. Regular revision of these Economics topics will make you an expert in all important chapters of your course.
You can get most exhaustive CUET Economics MCQs Unit I Introduction to Microeconomics for free on StudiesToday.com. These MCQs for UG Economics are updated for the 2025-26 academic session as per CUET examination standards.
Yes, our CUET Economics MCQs Unit I Introduction to Microeconomics include the latest type of questions, such as Assertion-Reasoning and Case-based MCQs. 50% of the CUET paper is now competency-based.
By solving our CUET Economics MCQs Unit I Introduction to Microeconomics, UG students can improve their accuracy and speed which is important as objective questions provide a chance to secure 100% marks in the Economics.
Yes, Economics MCQs for UG have answer key and brief explanations to help students understand logic behind the correct option as its important for 2026 competency-focused CUET exams.
Yes, you can also access online interactive tests for CUET Economics MCQs Unit I Introduction to Microeconomics on StudiesToday.com as they provide instant answers and score to help you track your progress in Economics.