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Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 6 (25 MCQs)

Quiz Instructions

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1. A statement which does not offer any suggestion is known as:
2. Macro economics means
3. India is an overpopulated country.
4. Identify the central prblm which deals with deciding the Quantity of goods to be produced
5. Which one of the following is a subject matter of Micro Economics?
6. ..... is the balance between two factors.
7. Neo classical economist
8. You and all of your friends walk into a room, there are only 2 chairs and there are 6 of you. There are unlimited wants (all of you) but limited resources (only 2 chairs) Select one:
9. A producer asking the question, "Should we use glass or interchangeable plastic on the face of our new phone?" is a
10. The basic factors of production are land, labour, capital, and .....
11. Economic activity means
12. Macro economic variable
13. Who is the father of modern macro economics
14. The organization that has a combination of manpower, financial, and physical resources that helps the management in decision making
15. What is an Open Economy?
16. The theory of comparative cost advantage is introduced by
17. The central problem in economics is:
18. The sector which owns factor services
19. The economist who used the terms micro and macro first time
20. Tertiary sector is also known as
21. Which type of economy has the MOST government involvement?
22. Which of the following is microeconomics study?
23. The study of aggregate income and expenditures and the Per Capita income of one country
24. Which of the following is a Recreational Activities?
25. Production is concerned with
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