MCQs on Introduction to Microeconomics :-
Q. Who is the father of economics?
a. A. Marshall
b. Adam Smith
c. Samuelson
Answer - (b)
Q. The main cause of economic problem is
a. Wants
b. Saving
c. Scarcity
Answer - (c)
Q. Is economics a science or an art?
a. Only science
b. Only art
c. Both a science and an art
Answer - (c)
Q. The study of individual comes under which branch of economics
a. Macroeconomics
b. Microeconomics
c. Price Theory
Answer - (b)
Q. What type of science is economics?
a. Normative
b. Positive
c. Both Normative and Positive
Answer - (c)
Q. Which of the following is an economic activity?
a. Production
b. Consumption
c. Distribution
d. All of these
Answer - (d)
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