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Economics – XII Commerce

Practice Chapter 1 – Introduction to Micro and Macro Economics with this MCQ quiz specially created for Class XII Commerce (Maharashtra Board). Boost your exam prep with NxtGen Tutorials.

OnJuly 5, 2025
InQuiz

Economics - XII (Chapter 1)

Introduction to Micro and Macro Economics

Ready to test your basics?
This quick quiz is designed exclusively for Class XII Commerce students following the Maharashtra Board syllabus.

Chapter 1 sets the foundation of your economic understanding — and this quiz helps you revise key concepts in a fun, interactive way!

1 / 7

The word ‘micro’ is derived from which language?

Latin

Arabic

French

Greek

2 / 7

The study of general price level falls under:

International trade

Microeconomics

Macroeconomics

Cost accounting

3 / 7

The slicing method focuses on:

Long-term economic planning

Individual units and their behavior

Global trade policies

Collective economic performance

4 / 7

Which of the following is a feature of macroeconomics?

Focus on individual demand

Product-level pricing

Analysis of a single market

Study of aggregate variables

5 / 7

What does microeconomics primarily study?

Total savings in an economy

Price level of all goods

Individual consumer and firm behavior

Growth of national income

6 / 7

Microeconomic analysis uses which method?

Slicing method

Lumping method

Aggregative method

Inclusive method

7 / 7

The term ‘micro’ is derived from the Greek word meaning “small”.

Makros

Mikros

Mikrosoft

Maikros

Your score is

The average score is 74%

Introduction to Micro and Macro Economics

The word ‘micro’ is derived from which language?

The study of general price level falls under:

The slicing method focuses on:

Which of the following is a feature of macroeconomics?

What does microeconomics primarily study?

Microeconomic analysis uses which method?

The term ‘micro’ is derived from the Greek word meaning “small”.

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