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Business Data Management · Quiz 1 · 19 Jul 2026 · May 2026 term

Question 15: Which of the following correctly distinguish microeconom…

Question 15

+3 marksOne correct option

Which of the following correctly distinguish microeconomics from macroeconomics?
i) Microeconomics studies the impact of Trump tariffs on individual Indian businesses; Macroeconomics studies the impact on India's overall GDP and employment rate. ii) Microeconomics uses a top-down approach; Macroeconomics uses a bottom-up approach. iii) Macroeconomics focuses on how an IPL franchise allocates its budget across players. iv) Both micro and macroeconomics involve constrained choices and optimization under resource limitations. v) Micro refers to small or makro and Macro refers to large or mikro.

  1. A

    i, ii, iii, iv, v

  2. B

    i, iv, v

  3. C

    i, ii, v

  4. D

    i, iii, iv

  5. E

    None of these

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Correct answer

  • E

    None of these

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Question 15 of 23 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Business Data Management 16 Jul 26). It carries 3 marks.

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