Basics of Economics MCQ

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Basics of Economics MCQ

1. The economic problem arises since

A. wants are unlimited

B. resources are limited

C. resources are capable of alternative uses

D. all of the above

Answer: –

D. all of the above

2. Economic problem arises in

A. planned economies

B. free market economies

C. mixed economies

D. all of the above

Answer: –

D. all of the above

3. The resources are :

A. limited

B. unlimited

C. not only limited but are capable of alternative uses

D. none of the above

Answer: –

C. not only limited but are capable of alternative uses

4. —– is not an example of free good

A. sunlight

B. car

C. petrol

D. computer

Answer: –

A. sunlight

5. The term production refers to:

A. producing things which are capable of satisfying human wants

B. creation or addition of utilities

C. transformation of inputs into output

D. all of the above

Answer: –

D. all of the above

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6. The problem of allocation of resources is concerned with:

A. what to produce

B. how to produce

C. for whom to produce

D. all of the above

Answer: –

A. what to produce

7. The distribution of national product among the members of the society
is the problem of:

A. what to produce

B. how to produce

C. for whom to produce

D. all of the above

Answer: –

C. for whom to produce

8. Which one of the following come under macro economics:

A. per capita income

B. study of a firm

C. individual income

D. theory of factor pricing

Answer: –

A. per capita income

9. Which one of the following is not come under macro economics

A. national income

B. per capita income

C. disposable income

D. individual income

Answer: –

D. individual income

10. Partial equilibrium analysis come under:

A. micro economics

B. macro economics

C. welfare economics

D. international economics

Answer: –

A. micro economicsAlso Read :-

23/01/2022 0 comment

economics quiz questions and answers pdf

( Best 200+ ) Basics of Economics MCQ

Basics of Economics MCQ

Basics of Economics MCQ

1. The economic problem arises since

2. Economic problem arises in

3. The resources are :

4. —– is not an example of free good

5. The term production refers to:

6. The problem of allocation of resources is concerned with:

7. The distribution of national product among the members of the society
is the problem of:

8. Which one of the following come under macro economics:

9. Which one of the following is not come under macro economics

10. Partial equilibrium analysis come under:

economics quiz questions and answers pdf

( Best 200+ ) Basics of Economics MCQ

Basics of Economics MCQ

Basics of Economics MCQ

1. The economic problem arises since

2. Economic problem arises in

3. The resources are :

4. —– is not an example of free good

5. The term production refers to:

6. The problem of allocation of resources is concerned with:

7. The distribution of national product among the members of the society is the problem of:

8. Which one of the following come under macro economics:

9. Which one of the following is not come under macro economics

10. Partial equilibrium analysis come under:

7. The distribution of national product among the members of the society
is the problem of: