NCERT Class 12 Economics Chapter I Introduction MCQs & PYQ

In NCERT Class 12 Economics Chapter I, titled "Introduction", students are introduced to the foundational concepts of economics, including its definition, scope, and branches. The chapter focuses on the differences between microeconomics and macroeconomics, the need for economic systems, and the central problems of an economy. This chapter serves as a base for understanding complex economic theories and real-world applications.

This article provides a comprehensive resource for exam preparation. It includes sample MCQs for CBSE and CUET, alongside downloadable PDFs of Class 12 Economics Chapter I MCQs and previous year questions for detailed practice of NCERT Class 12 Introduction.

Download the MCQs for CBSE/CUET

This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Economics Chapter I: Introduction. For the full set of 50 questions, download the PDF using the link provided below.

1- The book General Theory of Employment, Interest and Money', has been written by the distinguished economist.

(a) Adam Smith (b) J.M. Keynes (c) A.C. Pigou (d) David Ricardo

2. Which of the following tries to address situations facing the economy as a whole –

(a) Microeconomics (b) Macroeconomics (c) Economics (d) Central Problems

3. British India first collected population data through a census in

(a) 1871 (b) 1881 (c) 1891 (d) 1901

4. Chronologically arrange the following events;

A. Incorporation of TISCO

B. Opening of Suez Canal

C. Introduction of Railways in India

D. Establishment of Tata Airlines

E. Opening of first railway bridge linking Bombay with Thane

Choose the correct answer from the options given below:

(a) C, E, B, A, D (b) E, C, B, A, D (c) E, B, C, A, D (d) C, B, E, E, A, D

In NCERT Class 12 Economics Chapter I, "Introduction," students gain foundational knowledge about the subject of economics. The chapter discusses the importance of economics in addressing scarcity and resource allocation, providing a basis for understanding both microeconomic and macroeconomic concepts.

Mastering this chapter is crucial for developing an analytical approach to solving economic problems. Practicing MCQs ensures thorough preparation for CBSE, CUET, and other competitive exams.