# MCQs For NCERT Class 11 Economics Chapter 1 Introduction

Please refer to the MCQ Questions for Class 11 Economics Chapter 1 Introduction with Answers. The following Introduction Class 11 Economics MCQ Questions have been designed based on the current academic year syllabus and examination guidelines for Class 11. Our faculty has designed MCQ Questions for Class 11 Economics with Answers for all chapters as per your NCERT Class 11 Economics book.

## Introduction Class 11 MCQ Questions with Answers

Please see below Introduction Class 11 Economics MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question. Which of the following is/are true bout statistics?
(a) Statistics are collected in a systematic manner
(b) Statistics are numerically expressed
(c) Statistics is aggregate of facts
(d) All of the above are true

D

Question. A teacher teaching his own child is a ………… activity.
(a) economic
(b) non-economic
(c) market
(d) None of these

B

Question. Welfare definition of Economics was given by
(b) Prof. Alfred Marshall
(c) Prof. Lionel Robbins
(d) Prof. Samuelson

B

Question. Which of the following is not a limitation of statistics?
(a) It only deals with aggregate of facts.
(b) It’s results can be misleading.
(c) It is not capable for further mathematical treatment.
(d) It’s results can be proven incorrectwithout reference.

C

Question. Choose the correct option from the given below.
(a) Statistics deals with individual facts.
(b) Statistical results are correct only on an average.
(c) Statistics deals with quantitative facts only.
(d) Both (b) and (c)

B

Question. An economic agent who works to earn wages to buy various goods and services is called ……… .
(a) consumer
(b) producer
(c) service provider
(d) service holder

C

Question. ……… is an economic agent who produces various goods and services to maximise profits.
(a) Service provider
(c) Producer
(d) Consumer

C

Question. Inferential Statistics refers to the methods by which conclusions are drawn relating to the population on the basis of a given sample. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

A

Question. If a farmer produces for selfconsumption, then this activity will be called as ……… .
(a) an Economic activity
(b) a Non-economic activity
(c) a Self-sufficient activity
(d) None of the above

A

Question. The word Economics is derived from ……… words.
(a) Latin
(b) English
(c) Greek
(d) None of these

C

Question. Identify the activity which is not done with the motive of earning livelihood from the given below.
(a) Blood donation camp
(b) Free meal distribution during nationwide Covid-19 lockdowns
(c) Visiting an orphanage to distribute cloths
(d) All of the above

D

Question. An economic agent who consumes a good to maximise satisfaction is known as a ……… .
(a) Consumer
(b) Producer
(c) Service provider
(d) Service holder

A

Question. Statistics can be best used by ……… .
(a) experts
(b) general people
(c) economists
(d) All of the above

A

Question. All activities which involve money is referred to as economic activity. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

B

Question. An economic activity which involves addition to the stock of capital is known as
(a) Consumption
(b) Production
(c) Investment
(d) None of these

C

Question. Economic activities never involve the use of money. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

B

Question. Economics is considered as
(i) Positive Statement
(ii) Normative Statement
(iii) Science
(iv) Art
Choose from the options below.
(a) (i), (ii) and (iii)
(b) (ii), (iii) and (iv)
(c) (i), (iii) and (iv)
(d) (i), (ii), (iii) and (iv)

D

Question. Statistics is defined in ……… ways.
(a) two
(b) three
(c) four
(d) infinite

A

Question. Services produced for self-consumption are an act of non-market economic activities. Choose the most appropriate option from given below.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

B

Question. Statistics is derived from a Latin word ‘Status’ which means ……… .
(a) data
(b) political state
(c) quantitative information
(d) All of the above

B

Question. ……… is an economic branch related to the study of an individual economic entity.
(a) Statistics
(b) Microeconomics
(c) Macroeconomics
(d) Both (a) and (b)

B

Question. Choose the correct option about Statistics in plural sense.
(a) Descriptive in nature
(b) Inductive in nature
(c) Statistical data
(d) None of the above

D

Question. Choose the correct options from the given below.
(a) Statistics in singular sense is a series of collection, organisation, presentation, analysis and interpretation of data.
(b) Statistics in singular sense means collection of numerical data.
(c) Statistics in plural sense is a series of collection, organisation and interpretation of data.
(d) Statistics in plural sense is collection of numerical data.

B

Question. Collection of secondary data is the primary step of statistics. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

C

Question. Students of class XI do not pay much importance in studies. This statement is a statistical information. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

B

Question. ‘Viaan has a long bat’. This statement is ……… .
(a) quantitative statement
(b) qualitative statement
(c) statistical statement
(d) None of the above

B

Question. Which of the following is/are function(s) of Statistics?
(i) Simplification of facts
(ii) Setting and analysis of hypothesis
(iii) Enhances human knowledge
Choose from the options below.
(a) (i) and (ii)
(b) (ii) and (iii)
(c) (i) and (iii)
(d) (i), (ii) and (iii)

D

Question. Choose the correct statement from the given below.
(a) Economics and statistics goes hand in hand.
(b) Economic laws are validated by statistical information.
(c) Government needs statistical information for making fiscal policies.
(d) All of the above are correct statement

D

Question. Descriptive statistics refers to information in terms of numerical data. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

A

Question. Statistics should be placed in relation to each other. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

A

Question. Distrust of statistics is because of
(a) limitation of statistics
(b) misuse of statistics
(c) insufficient statistical methods
(d) scope of statistics is limited

B

Question. Government uses statistical information or ……… .
(a) makingmacroeconomic policies
(b) maintaining law and order
(d) All of the above

D

Question. Any statistical information collected without a definite objective is known as a number. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

A

Question. Collection of quantitative facts is a part of which of the following definitions of economics?
(a) Singular
(b) Plural
(c) Both (a) and (b)
(d) None of the above

C

Question. Wealth definition of Economics was given by
(b) Prof. Alfred Marshall
(c) Prof. Lionel Robbins
(d) Prof. Samuelson

A

Question. Which of the following is the third ethod of statistics in an enquiry?
(a) Collection of data
(b) Organisation of data
(c) Presentation of data
(d) Analysis of data

C

Question. Which of the following tools are used in Statistics for analysis of data?
(a) Averages
(b) Regression
(c) Correction
(d) All of these

D

Question. Statistics always deals with ……… data.
(a) homogeneous
(b) heterogeneous
(c) Both (a) and (b)
(d) Neither (a) nor (b)

A

Question. Statistical enquiry does not comprise of which of the following?
(a) Study of numbers
(b) Study of qualitative facts
(c) Study of individual quantitative facts
(d) None of the above

C

Question. Non-economic activities are one which uses scarce productive resources. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

B

Question. According to Prof. Robbins, economic problems arises due to ……… .
(a) resource scarcity
(b) unlimited human wants
(c) resources can be put to various uses
(d) All of the above

D

Question. Which of the following activities can be considered aomic activities?
(a) Production
(b) Investment
(c) Consumption
(d) All of the above

D

Question. Statistics deals with ……… data.
(a) quantitative
(b) qualitative
(c) Both quantitative and qualitative
(d) Neither quantitative nor qualitative

C

Question. An individual number is not Statistics. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement

A

Question. Choose the correct statement from given below.
(a) The word ‘Economics’ means household management.
(b) Statistics only deals with quantitative facts.
(c) Non-economic activities do not involve use of money.
(d) Interpretation of data comes after analysis of data.

A

Question. Statistics is a useful instrument for

(a) policy makers
(b) economic laws
(d) All of the above

D

Question. ……… refers to the study based upon observations or experimentations.
(a) Empirical analysis
(b) Quantitative analysis
(c) Qualitative analysis
(d) None of the above