Introduction To Micro-Economics Important Question Paper

11th Standard

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Economics

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    10 x 1 = 10
  1. Find the odd one out

    (a)

    "An Inquiry into the Nature and the Causes of the Wealth of Nations".

    (b)

    "Principles of Economics"

    (c)

    "Nature and Significance of Economic science"

    (d)

    "Ceteris Paribus"

  2. Who is the father of Economics?

    (a)

    Max Muller

    (b)

    Adam Smith

    (c)

    Karl Marx

    (d)

    Paul A Samuelson

  3. Economics is a science" the basis of this statement is

    (a)

    Relation between cause and effect

    (b)

    Use of dedective method and inductive method for the formations of laws

    (c)

    Experiments

    (d)

    All of the above

  4. Which theory is generally included under micro economics?

    (a)

    Price Theory

    (b)

    Income Theory

    (c)

    Employment Theory

    (d)

    Trade Theory

  5. The process of reasoning from particular to general is

    (a)

    Deductive method

    (b)

    Inductive method

    (c)

    Positive economics

    (d)

    Normative economics

  6. ____studies about the pricing of factors of production.

    (a)

    Production

    (b)

    Exchange

    (c)

    Distribution

    (d)

    Consumption

  7. ' The General theory of Employment, Interest and Money' published by

    (a)

    Alfred Marshall

    (b)

    Adam Smith

    (c)

    Robbins

    (d)

    J.M. Keynes

  8. What is the name for money Income.

    (a)

    Nominal Income

    (b)

    Real Income

    (c)

    Both

    (d)

    None

  9. __________ are transferable and value in exchange.

    (a)

    Trade

    (b)

    Goods

    (c)

    Business

    (d)

    None

  10. Public Finance is concerned with

    (a)

    Income and Expenditure of government

    (b)

    Public Debt

    (c)

    Taxation

    (d)

    All the above

  11. Part B

    6 x 2 = 12
  12. What is meant by Economics?

  13. Define Micro Economics

  14. What are goods?

  15. Name any two types of utility.

  16. What are the major features of scarcity definitions (Robbins definitions)

  17. Define Total Revenue?

  18. Part C

    6 x 3 = 18
  19. Explain the scarcity definition of Economics and assess it.

  20. What are the crucial decisions involving What is produced?

  21. Distinguish between micro economics and macro economics.

  22. Examine the samuelson's definition of economics

  23. Discuss the Stable Equilibrium with the help of a diagram?

  24. Part D

    2 x 5 = 10
  25. Explain various divisions of Economics.

  26. Explain the different types of utility.

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