MCQ Class 11 Economics Chapter 1 Introduction CBSE Board

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1. Who described economics as “the study of man in the ordinary business of life”?

Question 1 of 20

2. A person who buys goods to satisfy personal needs is called a:

Question 2 of 20

3. A person who sells goods to make a profit is called a:

Question 3 of 20

4. Who is called a producer?

Question 4 of 20

5. A person who works for someone else and receives wages or a salary is called a:

Question 5 of 20

6. A person who employs someone and pays them wages is called an:

Question 6 of 20

7. Economic activities are undertaken for:

Question 7 of 20

8. What is the root of all economic problems?

Question 8 of 20

9. Why must people choose among their wants?

Question 9 of 20

10. Which of the following is an example of scarcity mentioned in the chapter?

Question 10 of 20

11. What gives rise to the problem of choice between different commodities?

Question 11 of 20

12. Which of the following is a resource used in agriculture?

Question 12 of 20

13. Which of the following is an example of a non-food crop?

Question 13 of 20

14. Economics is conventionally divided into which three parts?

Question 14 of 20

15. The study of how consumers decide what to buy is called:

Question 15 of 20

16. The study of how producers choose what and how to produce is called:

Question 16 of 20

17. Distribution deals with the distribution of national income through:

Question 17 of 20

18. What does GDP stand for?

Question 18 of 20

19. Why are numerical facts about poverty and income differences important?

Question 19 of 20

20. What is meant by economic data?

Question 20 of 20


 

 

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