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MCQ Chapter 1 Economics Class 12 Maharashtra Board

Introduction to Micro and Macro Economics

1. What is the focus of the Theory of Economic Welfare in Micro Economics?

Question 1 of 20

2. What does partial equilibrium in Micro Economics analyze?

Question 2 of 20

3. Which principle is used by producers and consumers in Micro Economics for decision-making?

Question 3 of 20

4. How does Micro Economics assist the government?

Question 4 of 20

5. What does efficiency in consumption mean in Micro Economics?

Question 5 of 20

6. Which group advocated macro economic policies in the 16th and 17th centuries?

Question 6 of 20

7. What does Macro Economics study in relation to business cycles?

Question 7 of 20

8. What is the significance of studying macro economic variables?

Question 8 of 20

9. Which economist contributed to Macro Economics besides John Maynard Keynes?

Question 9 of 20

10. What does overall economic efficiency in Micro Economics involve?

Question 10 of 20

11. What is a key difference between Micro and Macro Economics?

Question 11 of 20

12. What does Micro Economics help businessmen determine?

Question 12 of 20

13. Which aspect of foreign trade does Micro Economics not explain?

Question 13 of 20

14. What is the basis of welfare economics in Micro Economics?

Question 14 of 20

15. What does the Theory of General Price Level in Macro Economics explain?

Question 15 of 20

16. What does the study of Macro Economics help control?

Question 16 of 20

17. What is the scope of Micro Economics primarily confined to?

Question 17 of 20

18. Which concept is not part of the scope of Macro Economics?

Question 18 of 20

19. What does the interdependence feature of Macro Economics refer to?

Question 19 of 20

20. How does Macro Economics analyze the performance of an economy over time?

Question 20 of 20


 

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