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Test Your Skills: CUET Economics Unit I Introduction to Microeconomics
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CUET Economics Unit I Introduction to Microeconomics Objective Questions
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’
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Unit I Introduction to Microeconomics Objective Questions & Solutions for CUET Economics
MCQs for Unit I Introduction to Microeconomics Economics CUET
Utilize these MCQs for Unit I Introduction to Microeconomics to test your mastery of the chapter efficiently. Formatted under recent CUET guidelines for CUET Economics, these multiple-choice exercises support steady learning. Working through these objective questions daily leads to better academic performance.
Unit I Introduction to Microeconomics NCERT Based Objective Questions
Crafted around the standard NCERT book for CUET, these Economics MCQs target crucial recurring exam themes. Check your responses using our attached answer sheet. Pair your study with our expert NCERT solutions for CUET Economics for full mastery of Unit I Introduction to Microeconomics.
Interactive MCQ Tests for CUET Economics
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FAQs
You can get most exhaustive CUET Economics MCQs Unit I Introduction to Microeconomics for free on StudiesToday.com. These MCQs for CUET Economics are updated for the 2026-27 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, CUET 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 CUET have answer key and brief explanations to help students understand logic behind the correct option as its important for 2026 competency-focused CUET exams.
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