eVidyarthi

MCQ Chapter 1 Economics Class 11 Maharashtra Board

Basic concepts in economics

1. What is the reward earned by labor in production?

Question 1 of 20

2. Which factor of production is described as a 'produced means for further production'?

Question 2 of 20

3. Who is referred to as the 'real captain of the industry' in production?

Question 3 of 20

4. What does the economic activity of 'distribution' involve?

Question 4 of 20

5. What is a necessary condition for exchange in economics?

Question 5 of 20

6. What does consumption involve in economics?

Question 6 of 20

7. What does 'Macro' mean in the context of Macro Economics?

Question 7 of 20

8. According to Kenneth Boulding, Macro Economics deals with which of the following?

Question 8 of 20

9. What does national income measure?

Question 9 of 20

10. What is saving in the context of Macro Economics?

Question 10 of 20

11. What does investment refer to in Macro Economics?

Question 11 of 20

12. What are trade cycles?

Question 12 of 20

13. What is inflation?

Question 13 of 20

14. What type of unemployment is caused by trade cycle fluctuations?

Question 14 of 20

15. What dimension does economic growth have?

Question 15 of 20

16. What does economic development include beyond economic growth?

Question 16 of 20

17. Which concept is multidimensional?

Question 17 of 20

18. How is economic growth measured?

Question 18 of 20

19. Which of the following is a characteristic of economic development?

Question 19 of 20

20. Which of the following is part of Macro Economics?

Question 20 of 20


 

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