Please refer to MCQ Questions Chapter 1 Introduction Class 11 Economics with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Economics issued for the current academic year. We have provided MCQ Questions for Class 11 Economics for all chapters on our website. Students should learn the objective based questions for Chapter 1 Introduction in Class 11 Economics provided below to get more marks in exams.
Chapter 1 Introduction MCQ Questions
Please refer to the following Chapter 1 Introduction MCQ Questions Class 11 Economics with solutions for all important topics in the chapter.
MCQ Questions Answers for Chapter 1 Introduction Class 11 Economics
Question. In a free market economy, when consumers increase their purchase of a goods and the level of _______ exceeds _______ then prices tend to rise
(a) Demand, Supply
(b) Supply, Demand
(c) Prices, Demand
(d) Profits, Supply
Answer
A
Question. Statistics Is Both A Science As Well As ..
…According Prof. Topper.
(a) Sociology
(b) Geography
(c) English
(d) An Art
Answer
D
Question. ‘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
Answer
C
Question. Which of the following are the limitations of statistics?
(a) Study of numerical facts only
(b) Study of aggregates only
(c) Results are true only on an average
(d) All of the above
Answer
D
Question. A ______Statistics alludes to data as far as numbers or mathematical information, like populace measurements, business statistics and so on.
(a) Singular sense
(b) Plural sense
(c) Both (a)&(b)
(d) None of the above
Answer
B
Question. Which Of The Following Is A Method Of Secondry Data?
(a) Direct Personal Investigation
(b) Direct Oral Investigation
(c) Collection Of Information Through Questionnaire.
(d) None Of These
Answer
D
Question. “Economics is the study of economic welfare” who said this:
(a) Marshall
(b) Prof. Pigou
(c) J. K. Mehta
(d) Keynes.
Answer
A
Question._____ is one who consumes goods and services for the satisfaction of their wants.
(a) Producer
(b) Consumer
(c) Investor
(d) All of the above
Answer
B
Question. Which of the following are regarded as the importance of economics?
(a) Statistics is a quantitative expression of economic problems
(b) Statistics works out cause and effect relationship
(c) Statistics facilitates economic forecasting
(d) All of the above
Answer
D
