Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 1 - Introduction to Micro and Macro Economics [Latest edition]
Q.1. Choose the correct option:
The branch of economics that deals with the allocation of resources.
a) Micro economics
b) Macro economics
c) Econometrics
d) None of these
a, b and c
a and b
only a
None of these
Concepts studied under Microeconomics.
a) National income
b) General price level
c) Factor pricing
d) Product pricing
b and c
b, c and d
a, b and c
c and d
Method adopted in micro economic analysis.
a) Lumping method
b) Aggregative method
c) Slicing method
d) Inclusive method
a, c and d
a, b and d
only c
only a
Concepts studied under Macro economics.
a) Whole economy
b) Economic development
c) Aggregate supply
d) Product pricing
a, b and c
b, c and d
only d
a, b, c and d
