Here you will find NCERT MCQ Questions for Class 11 Economics with Answers PDF Free Download based on the important concepts and topics given in the textbook as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 11 Economics. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.
Q1. Example of microeconomic variable is:
A)Wholesale price index
B)National Income
C)Market demand
D)Aggregate Demand
C)Market demand
Q2. Issues related to unemployment are studied at the _______.
A)micro-level
B)macro-level
C)micro as well as macro-level
D)none of the above
B)macro-level
Q3. Positive economics involves statements which are ________.
A)verifiable
B)not verifiable
C)may or may not be verified
D)none of these
A)verifiable
Q4. What do you mean by a mixed economy?
A)Modern and traditional industries
B)Public and private sectors
C)Foreign and domestic investments
D)Commercial and subsistence farming
B)Public and private sectors
Q5. ‘Economics is the study of mankind in the ordinary business of life’. This definition was given by :
A)Adam Smith
B)Lord Robbins
C)Alfred Marshall
D)Samuelson
C)Alfred Marshall
Q6. The branch of economic theory, that deals with the
A)problem of allocation of resources is :
B)Micro Economics
C)Macro Economics
D)Econometrics
E)None of these
A)problem of allocation of resources is :
Q7. A study of how increase in the corporate income tax rate , will affect the natural unemployment rate is an example of :
A)Macro Economics
B)Descriptive Economics
C)Micro Economics
D)Normative Economics
A)Macro Economics
Q8. In which type of economy do consumers and producers make their choices based on the market forces of demand and supply?
A)Open Economy
B)Controlled Economy
C)Command Economy
D)Market Economy
D)Market Economy
Q9. Under a free economy, prices are :
A)Regulated
B)etermined through free interplay of demand and supply
C)Partly regulated
D)None of these
B)etermined through free interplay of demand and supply
Q10. Which of the following falls under microeconomics?
A)National income
B)General price level
C)Factor pricing
D)National saving and investmen
C)Factor pricing
Q11. Which of the following economic activities are included in the subject-matter of Economics?
(a) Economic Activities related to Unlimited Wants
(b) Economic Activities related to Limited Resources
(c) Both (a) and (b)
(d) None of these
(c) Both (a) and (b)
Q12. On which base structure of economic problems has been installed?
(a) Unlimited Wants
(b) Limited Resources
(c) Both (a) and (b)
(d) None of the above
(c) Both (a) and (b)
Q13. ‘Micros’, which means ‘Small’ belongs to:
(a) Arabian word
(b) Greek word
(c) German word
(d) English word
(b) Greek word
Q14. Which of the following statement is true?
(a) Human wants are infinite
(b) Resources are limited
(c) Scarcity problem gives birth to choice .
(d) All of these
(c) Scarcity problem gives birth to choice .
Q15. Which of the following is the salient feature of factors
(or resources) ?
(a) These are limited as compared to wants
(b) These have alternative uses
(c) Both (a) and (b)
(d) None of the above
(c) Both (a) and (b)
Q16. Which is a central problem of an economy ?
(a) Allocation of Resources
(b) Optimum Utilisation of Resources
(c) Economic Development
(d) All of these
(d) All of these
Q17. Which of the following Is a type of economic activities ?
(a) Production
(b) Consumption
(c) Exchange and Investment
(d) All of these
(d) All of these
Q18. To which factor, economic problem is basically related to:
(a) Choice
(b) Consumer’s Selection
(c) Firm Selection
(d) None of these
(a) Choice
Q19. Economy may be classified as:
(a) Capitalist
(b) Socialist
(c) Mixed
(d) All of these
(d) All of these
Q20. Which economy has a co-existence of private and public sectors ?
(a) Capitalist
(b) Socialist
(c) Mixed
(d) None of these
(c) Mixed
MCQ Questions for Class 11 Economics: Statistics for Economics
- Chapter 1: Statistics for Economics Introduction Class 11 MCQ Questions
- Chapter 2: Collection, Organisation and Presentation of Data Class 11 MCQ Questions
- Chapter 3: Statistical Tools and Interpretation Class 11 MCQ Questions
MCQ Questions for Class 11 Microeconomics: Introductory Microeconomics
- Chapter 1: Introduction to Micro Economics Class 11 MCQ Questions
- Chapter 2: Theory of Consumer Behaviour Class 11 MCQ Questions
- Chapter 3: Production and Costs Class 11 MCQ Questions
- Chapter 4: The Theory of the Firm under Perfect Competition Class 11 MCQ Questions
- Chapter 5: Market Equilibrium Class 11 MCQ Questions
- Chapter 6: Non-competitive Markets Class 11 MCQ Questions
Practicing NCERT Economics MCQs With Answers Pdf Class 11 is one of the best ways to prepare for the CBSE Class 11 board exam. There is no substitute for consistent practice whether one wants to understand a concept thoroughly or one wants to score better. If you have any queries regarding The CBSE Class 11 Economics MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon.