Matching Type MCQs of Introduction Microeconomics class 11
Looking for important Matching Type MCQs with answers and solutions of introduction chapter 1 of microeconomics class 11 CBSE.
We have compiled very important Multiple Choice Questions of Introduction chapter 1 with solutions of microeconomics class 11 CBSE.
Multiple Choice Questions of Introduction chapter of Microeconomics class 11 with answers
Let’s Practice
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
| Column – I | Column – II |
| A) Microeconomics | i) Tools are aggregate demand and aggregate supply |
| B) Normative Economics | ii) Aims to determine the ideals |
| C) Opportunity Cost | iii) Cost of the best alternative |
| D) Production possibility frontier | iv) Convex shaped |
Options
a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)
Ans – b)
Identify the correct pair from Column I and Column II and choose the correct alternative:
| Column – I | Column – II |
| A – Microeconomics | i) Deals with the economic problems or economic issues at the level of an economy as a whole |
| B – Positive economics analysis | ii) Deals with the things ‘as they are” |
| C – Macroeconomics | iii) Deals with the economic problems or economics issues at the level of an individual |
| D – For whom to produce | iv) Deals with the problem of choosing the technique of production. |
Options
a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)
Ans – b)
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| i) Macroeconomics | A. aims to determine the price of a commodity |
| B. Aims to determine income and employment level of the economy |
Options
a) i) – A
b) i) – B
Ans – b)
Identify the correct pair from Column I and Column II and choose the correct alternate:
| Column – I | Column – II |
| A – Normative economic analysis | i) Deals with the things as ‘they ought to be’ |
| B – Scarcity | ii) Means that an economy have sufficient availability of goods to satisfy the unlimited human wants |
| C – What to produce | iii) Related to the distribution of the produced output among the factors of production. |
| D – Opportunity cost | iv) Value of the earlier best alternative that is foregone when a choice is made |
Options
a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)
Ans – a)
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| i) Positive Economics | A – It is suggestive in nature |
| ii) Normative Economics | B – It is not suggestive in nature |
Options
a) i) – A, ii) – B
b) i) – B, ii) – A
Ans – b)
Identify the correct paid from Column I and Column II and Choose the correct alternate:
| Column – I | Column – II |
| A – Resources | i) Scarce only in poor countries |
| B – Marginal opportunity cost | ii) X/Y |
| C – What to produce | iii) Concerned with choice of technique of production |
| D – Economic problem | iv) Problem concerning with allocation of resources to different uses |
Options
a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)
Ans – d)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – (B) |
| i) Opportunity Cost | A – Technique to be used for production of goods and services |
| ii) Positive Economics | B – Concave Shaped |
| iii) Production Possibility Frontier | C – Cost of next best alternative foregone |
| iv) How to produce | D – Deals with how the economic problems are actually solved. |
Options
a) i) – A, ii) – B, iii) – C, iv) – D
b) i) – B, ii) – A, iii) – D, iv) – C
c) i) – C, ii) – D, iii) – B, iv) – A
d) i) – D, ii) – A, iii) – C, iv) – B
Ans – c)
Match the following Column I and Column II and Choose the correct alternate:
| Column – I | Column – II |
| A – Normative economics | i) Discovery of new natural resources |
| B – Microeconomics | ii) It is suggestive in nature |
| C – Growth of resources | iii) Cotton Industry |
| D – What to produce | iv) Selection of goods and services to be produced |
a) A – ii), B – iii), C – i), D – iv)
b) A – iii), B – ii), C – iv), D – i)
c) A – iv), B – ii), C – i), D – iii)
d) A – iv), B – i), C – ii), D – iii)
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Normative Economics | A – Transformation Curve |
| ii) Microeconomics | B – Discovery of new natural resources |
| iii) Growth of Resources | C – It is suggestive in nature |
| iv) What to produce | D – Cotton Industry |
| v) Production possibility Frontier | E – Selection of goods and services to be produced |
Options:-
a) i) – C, ii) – D, iii) – B, iv) – E, v) – A
b) i) – A, ii) – B, iii) – C, iv) – D, v) – E
c) i) – B, ii) – A, iii) – C, iv) – E, v) – D
d) i) – D, ii) – B, iii) – A, iv) – C, v) – E
Ans – a)
Which of the following pair is incorrect?
| Column – I | Column – II |
| A – Mixed Economy | i) Market forces of demand and supply |
| B – Central problems of an economy | ii) Scarcity of resources |
| C – Opportunity Cost | iii) Cost of next best alternative |
| D – Capitalist Economy | iv) Central problems are dealt by industrialist |
Options
a) A – i)
b) B – ii)
c) C – iii)
d) D – iv)
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Concave PPF | A – Constant MRT |
| ii) Convex PPF | B – Increasing MRT |
| C – Decreasing MRT |
Options
a) i) – A, ii) – B
b) i) – B, ii) – C
c) i) – C, ii) – B
Ans – b)
Write the correct pair.
| Column -I | Column – II |
| A – Market Economy | i) Basis of demand and supply |
| B – Centrally Planned economy | ii) Both ‘Central authority’ and ‘Market forces’ play role |
| C – Mixed economy | iii) Maximising social welfare |
Options
a) A – i)
b) B – ii)
c) C – ii)
d) None of these
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Microeconomics | A – Income and Employment Theory |
| ii) Macroeconomics | B – Positive Economics |
| C – Price Theory |
Options
a) i) – C, ii) – A
b) i) – A, ii) – B
c) i) – B, ii) – C
d) i) – A, ii) – C
Ans – a)
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I.
| Column – I | Column – II |
| A – Economics | i) Theory of price |
| B – Microeconomics | ii) Theory of multiplier |
| C – Macroeconomics | iii) Scarcity and choices |
Options
a) A – i), B – ii) C – iii)
b) A – ii), B – iii), C – i)
c) A – iii), B – i), C – ii)
d) A – ii), B – i), C – iii)
Ans – c)
