Introduction CBSE Questions & Answers

Introduction

This is Economics Class 11 Introduction CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Which characteristics of statistics is depends upon purpose of investigation, its nature, size and available resources
  • A
    Numerically expressed
  • B
    Reasonable accuracy
    Correct
  • C
    Aggregates of facts
  • D
    Multiplicity of cause
2
Economic equilibrium means
  • A
    Where demand is equal to supply
  • B
    Both
  • C
    None
  • D
    State of balance for the producer or the consumer
    Correct
3
Match the following. Options are
Question 3 figure 1
  • A
    a(i), b(iii), c(ii)
    Correct
  • B
    a(i), b(ii), c(iii)
  • C
    a(ii), b(iii), c(i)
  • D
    a(iii), b(i), c(ii)
4
Which of the following is false regarding Importance of Statistics in Economics
  • A
    Statistics is used in administration and efficient functioning of government departments
    Correct
  • B
    It helps in understanding and solving economic problem.
  • C
    It helps in finding mathematical relations between variables
  • D
    It helps in studying market structure
5
Statistics when define in plural sense refers to _______ and when used in a singular sense means
  • A
    Numerical data and Alphabetical method
  • B
    Alphabetical method and Statistical method
  • C
    Numerical data and Statistical method
    Correct
  • D
    Statistical method and Numerical data
6
Economics is the study of how ___ and _____ chose to employ scare resources that could have alternative uses in order to produce various commodities that satisfy their wants
  • A
    Producer and consumer
  • B
    None
  • C
    Investor and distributor
  • D
    People and society
    Correct
7
The process of using up utility value of goods and services for the direct satisfaction of our wants
  • A
    Utility
  • B
    Consumption
    Correct
  • C
    Production
  • D
    Economic
8
It is the expenditure on the purchase of such assets which help us to generate income
  • A
    Consumption
  • B
    Investment
    Correct
  • C
    None
  • D
    Saving
9
Identify the religious activity
  • A
    taking dinner with the family,
  • B
    helping victims of an accident
  • C
    meditating in a park
  • D
    praying in a temple
    Correct
10
Economics essentially the study of
  • A
    National problem
  • B
    Society problem
  • C
    None
  • D
    Economic problems
    Correct
11
The long queues at railway booking counters, crowded buses and trains, shortage of essential commodities , rush to get a ticket to watch a new film etc. are all manifestations of
  • A
    Scarcity
    Correct
  • B
    Allocation
  • C
    Abundance
  • D
    Problems
12
Match the following, Options are
Question 12 figure 1
  • A
    a(i),b(ii),c(iv),d(iii)
  • B
    a(iii),b(i),c(iv),d(ii)
  • C
    a(iv),b(iii),c(i),d(ii)
  • D
    a(i),b(iii),c(iv),d(ii)
    Correct
13
Scarcity arises because of
  • A
    Unlimited resources and limited wants
  • B
    Unlimited resources and unlimited wants
  • C
    Limited resources and limited wants
  • D
    Limited resources and unlimited wants
    Correct
14
Statistics in Plural form is
  • A
    Quantitative data affected to a market extend by multiplicity of causes
    Correct
  • B
    None
  • C
    Collection ,presentation, analysis and interpretation of numerical data
  • D
    Both
15
Which of the following will give qualitative data
  • A
    Price of product
  • B
    Monthly pocket money
  • C
    Intelligence
    Correct
  • D
    none