WORKSHEET

MULTIPLE CHOICE QUESTIONS:-

Q-1 Which of the following is related to Micro economics:

(a) Inflation in the economy (b) Problem of unemployment

(c ) National Income (d) Income from the railways

Q-2 ----------------- says that “An art is asystem of rules for the achievement of a given end .”

(a) Robbins (b) J.M Keynes

(c ) Adam Smith (d)Samuelson

Q-3 Economics is --------------------------

(a) A Science (b)An Art

(c) Both (a) and (b) (c) Normative science

Q-4 A Positive science states , -----------------------------

(a) What is (b) What ought to be

(c ) What should not be (d)All of the above

QUESTION/ ANSWER

Q-5--------------- may be defined as that branch of economic analysis which studies behaviour of not
one particular unit, but of all the units combined together.

(a) Micro economics (b) Macro economics

(c ) Both (a) and (b) (d) Social economics

Q-6 We mainly study the following in Micro economics ----------

(a) Product pricing (b) Consumer behaviour

(c) Factor pricing (d) All of the above

Q-7 How is an economic problem , a choice – making activity?

Q-8 Why is the study of the of problem of unemployment in India considered a macroeconomics
study?

Q-9 Distinguish between microeconomics and macroeconomics.

Q-10 Discuss the nature of economy.