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Half Yearly Model Question Paper 2019

11th Standard

    Reg.No. :
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Economics

Time : 02:30:00 Hrs
Total Marks : 90

    Part I

    Answer all the questions.

    Choose the most suitable answer from the given four alternatives and write the option code with the corresponding answer.

    20 x 1 = 20
  1. The equilibrium price is the price at which

    (a)

    Everything is sold

    (b)

    Buyers spend their money

    (c)

    Quantity demanded equals quantity supplied

    (d)

    Exess demand is zero

  2. Who assumed that "utility is measurable".

    (a)

    Alfred Marshall

    (b)

    Adam smith

    (c)

    Hicks

    (d)

    Ricardo

  3. When marginal utility reaches zero, the total utility will be

    (a)

    Minimum

    (b)

    Maximum

    (c)

    Zero

    (d)

    Negative

  4. The _________ will bring down the prices to raise demand.

    (a)

    Subsidies

    (b)

    Taxes

    (c)

    Income

    (d)

    Savings

  5. The reward in respect of entrepreneurial ability is called___________.

    (a)

    Rent

    (b)

    Wages

    (c)

    Interest

    (d)

    Profit

  6. Marginal revenue is the addition made to the

    (a)

    total sales

    (b)

    total revenue

    (c)

    total production

    (d)

    total cost

  7. Which of the following is riot a determinant of the firms cost functions?

    (a)

    The production function

    (b)

    The price of labour

    (c)

    Taxes

    (d)

    The price of the firm's output

  8. __________ market in which there are two sellers.

    (a)

    Monopoly

    (b)

    Duopoly

    (c)

    Oligopoly

    (d)

    Monopolistic competition

  9. In Economics, distribution of income is among ___________.

    (a)

    factors of production

    (b)

    Individual

    (c)

    firms

    (d)

    traders

  10. Super Normal Profit = __________.

    (a)

    Actual Profit - Normal Profit

    (b)

    Total Profit + Total Cost

    (c)

    Total Cost - Average Profit

    (d)

    Actuai Profit + Total Cost

  11. The main gold mine region in Karnataka is ______

    (a)

    Kolar

    (b)

    Ramgiri

    (c)

    Anantpur

    (d)

    Cochin

  12. Examples of non-renewable energy sources__________.

    (a)

    Transport, Banking

    (b)

    Communication service

    (c)

    Coal, oil, gas

    (d)

    None of these

  13. The Planning Commission was setup in the year ____________

    (a)

    1950

    (b)

    1955

    (c)

    1960

    (d)

    1952

  14. _________________________remove regional disparities industrializing rural and backward areas.

    (a)

    Small Scale industries

    (b)

    Large scale industries

    (c)

    Rural industries

    (d)

    None

  15. The Arguments against LPG is_____

    (a)

    Economic growth

    (b)

    More investment

    (c)

    Disparities among people and regions

    (d)

    Modernization

  16. In the pre-Iiberalisation period__________.

    (a)

    full support was given to private sector in all industries

    (b)

    industries were reserved exclusively for public sector

    (c)

    Both (a) and (b)

    (d)

    Neither (a) nor (b)

  17. Identify the advantages of rural roads.

    (a)

    Rural marketing

    (b)

    Rural employment

    (c)

    Rural development

    (d)

    All the above

  18. When there is an unemployment attributed to recession it is called as .................... unemployment.

    (a)

    cyclical

    (b)

    structural

    (c)

    technological

    (d)

    seasonal

  19. Which district in TN has the highest sex ratio?

    (a)

    Nagapattinam

    (b)

    Nilgiris

    (c)

    Tiruchy

    (d)

    Thanjavur

  20. The rank of a non-singular matrix of order n x n is ...................

    (a)

    n

    (b)

    n2

    (c)

    0

    (d)

    1

  21. Part II 

    Answer any 7 questions. Question no. 30 is compulsory.

    7 x 2 = 14
  22. Give the meaning of deductive method

  23. Define elasticity of demand?

  24. Explain the supply function mathematically?

  25. What is prime cost?

  26. What do you mean by interest?

  27. According to classical theory, how is equilibrium interest rate determined?

  28. Which is called developed economies?

  29. What do you mean by colonialism?

  30. Define GSDP.

  31. Define Demand Function?

  32. Part III

    Answer any 7 questions. Question no. 40 is compulsory.

    7 x 3 = 21
  33. Explain the different types of goods?

  34. Explain the Market Demand for a commodity with, the help of a diagram.

  35. Discuss the Long run cost curves with suitable diagram.

  36. State the features of the duopoly.

  37. What are the Kinds of profit ?

  38. How did Biswajeet Guha enlarged the Scope of HDI?

  39. Write a note on Regional Rural Banks.

  40. Explain about MUDRA.

  41. Describe development of textile industry in Tamil Nadu.

  42. Find the Elasticity of demand for the function x = 100 - p - p2 when p = 5.

  43. Part IV

    Answer all the questions.

    7 x 5 = 35
  44. Explain various divisions of Economics.

  45. What are the methods of measuring Elasticity of demand?

  46. List out the properties of iso - quants with the help of diagrams

  47. Bring out the relationship between AR and MR curves under various price conditions.

  48. Brint out the features of perfect competition.

  49. How is the price and output determined in the I long run under monopolistic competition?

  50. Explain the four sources depend upon the supply of loanable funds.

  51. Bring out Jawharlal Nehru's contribution to the idea of economic development.

  52. Describe the problems of British Rule on economic condition.

  53. Explain about monetary and financial sector reforms

  54. Discuss the problems of Rural Economy.

  55. Describe the quantitative aspects of population.

  56. What are the services in Tamil Nadu? Explain.

  57. Explain the Integral Calculus?

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