Refer to CUET Economics MCQs Unit I Introduction to Microeconomics provided below. CUET UG Economics MCQ questions with answers are available for download in Pdf. The MCQ Questions for UG Economics with answers are aligned as per the latest syllabus and exam pattern suggested in UG by CUET, NCERT and KVS. Multiple Choice Questions for Unit I Introduction to Microeconomics are an important part of exams for UG Economics and if practiced properly can help you to improve your understanding of Unit I Introduction to Microeconomics and get higher marks. 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 refer to the following multiple-choice questions with answers for Unit I Introduction to Microeconomics in UG.
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’
| 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 |
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CUET UG Economics Unit I Introduction to Microeconomics MCQs
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MCQs for Economics CUET UG Unit I Introduction to Microeconomics
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Unit I Introduction to Microeconomics MCQs Economics CUET UG
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Unit I Introduction to Microeconomics CUET UG MCQs Economics
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CUET MCQs Economics UG Unit I Introduction to Microeconomics
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