Introduction to Economics

Micro Economics word is derived from Greek word "Mikros"

• True

• False

What do you mean by the supply of goods?

• Stock available for sale

• Total stock in the warehouse

• The actual production of the good

• Quantity of the good offered for sale at a particular price per unit of time

Which statement does not relate to the role of Economist?

• Attempting explain the causes of economic phenomena

• Forecasting the effects of change in government policy

• Measuring the changes in general Price level

• Identifying ways to make society fair

Adam Smith is a .............Economics.

Welfare definition given by......?

• Adam Smith

• Alfred Marshall

• Lionel Robbins

According to you which dimension of Economics has more Practicality?

• Wealth approach

• Welfare approach

• Scarcity approach

Interpret the Economic System

• Socialistic Economy

• Mixed Economy

• Capitalistic Economy

Find the Economic Problem

• Lack of Infrastructure

• Low Growth

• Low agricultural Productivity

Guess the Economic Issue

• Low Economic Growth

• Lack of Infrastructure

• Lack of financial facility

Recent policy changes which initiated by Indian Government......

• New Education Policy

• Farmers Bill

• New Economic Policy

• Demonetization