Question

Q. 1. Choose the correct option:


1) The branch of economics that deals with the
allocation of resources.
a) Micro economics
b) Macro economics
c) Econometrics
d) None of these
Options :1) a, b and c
2) a and b
3) only a
4) None of these


2) Concepts studied under Micro economics.
a) National income b) General price level
c) Factor pricing d) Product pricing
Options :1) b and c
2) b, c and d
3) a, b and c
4) c and d


3) Method adopted in micro economic analysis.
a) Lumping method b)Aggregative method
c) Slicing method d) Inclusive method
Options :1) a, c and da 2) a, b and d
3) only c
4) only a


4) Concepts studied under Macro economics.
a) Whole economy b) Economic development
c) Aggregate supply d) Product pricing
Options :1) a, b and c 2) b, c and d
3) only d
4) a, b, c and d




Q. 2. Complete the correlation :


1) Micro economics : Slicing method :: Macro
economics :


2) Micro economics : Tree :: Macro economics :


3) Macro economic theory: : Income and
employment :: Micro economics :​

Answer 1

1) b) Macro Economics

2) 4) c and d

3) 3) only C

4) 1) a, b and c

Q.2.

1) Micro economics : Slicing method :: Macro  economics : Lumping method

2) Micro economics : Tree :: Macro economics : Forest

3) Macro economic theory: : Income and  employment :: Micro economics :​ Price Theory