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Public Exam Model Question Paper 2019 - 2020

11th Standard

    Reg.No. :
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Economics

Time : 02:45:00 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. Identify the correct characteristics of utility

    (a)

    It is equivalent to 'usefulness'

    (b)

    It has moral significance

    (c)

    It is same as pleasure

    (d)

    It depends upon consumer's mental attitude

  2. In the case of two perfect substitutes, the indifference curve will be________________.

    (a)

    Straight line

    (b)

    L-shaped

    (c)

    If-shaped

    (d)

    C-shaped

  3. _______________ of production mean resources used in the process of production of commodities.

    (a)

    Features

    (b)

    Assumption

    (c)

    Factors

    (d)

    Distribution

  4. The cost incurred by producing one more unit of _____ output is cost.

    (a)

    variable

    (b)

    fixed

    (c)

    marginal

    (d)

    total

  5. Variable cost + Cost of Administration together known as __________ .

    (a)

    Transfer cost

    (b)

    Real cost

    (c)

    Overhead cost

    (d)

    Prime cost

  6. Which of the following involves maximum exploitation of consumers?

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  7. The firm and industry are one and the same under_______________.

    (a)

    perfect competition

    (b)

    duopoly

    (c)

    oligopoly

    (d)

    monopoly

  8. Abstinence Theory of Interest was propounded by _________.

    (a)

    Alfred Marshall

    (b)

    N.W. Senior

    (c)

    Bohm-Bawerk

    (d)

    Knut Wicksell

  9. Higher the risks, the greater are the ________.

    (a)

    Loss

    (b)

    Subsidy

    (c)

    profit

    (d)

    None of these

  10. A scientific study of the characteristics of population is _____

    (a)

    Topography

    (b)

    Demography

    (c)

    Geography

    (d)

    Philosophy

  11. The human capital of India is ______

    (a)

    Old

    (b)

    Young

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  12. When did the Government of India declared its first Industrial Policy?

    (a)

    1956

    (b)

    1991

    (c)

    1948

    (d)

    2000

  13. Bhilai steel plant was started with the assistance from __________ country.

    (a)

    Russia.

    (b)

    Germany

    (c)

    USA

    (d)

    UK

  14. The Goods and Services Tax Act come into effect on______

    (a)

    1st July 2017

    (b)

    1st July 2016

    (c)

    1st January 2017

    (d)

    1st January 2016

  15. FPI stands for____________.

    (a)

    Foreign Private Investment

    (b)

    Foreign Public Investment

    (c)

    Foreign Portfolio Investment

    (d)

    None of these

  16. Identify the agriculture related problem of rural economy ___________.

    (a)

    Poor communication

    (b)

    Small size of landholding

    (c)

    Rural poverty

    (d)

    Poor banking network

  17. Most of the villagers are indebtedness to _____________ agencies.

    (a)

    Private

    (b)

    Money lenders

    (c)

    Both (a) and (b)

    (d)

    None of these

  18. Knitted garment production is concentrated in

    (a)

    Coimbatore

    (b)

    Tiruppur

    (c)

    Erode

    (d)

    Karur

  19. Mathematical Economics is the integration of

    (a)

    Mathematics and Economics

    (b)

    Economics and Statistics

    (c)

    Economics and Equations

    (d)

    Graphs and Economics

  20. _______ is a plural form

    (a)

    Matrix

    (b)

    Matrices

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  21. Part II

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

    7 x 2 = 14
  22. Define Environmental economics?

  23. Mention the various types of Internal Economies of scale

  24. Explicit Cost - Define.

  25. Define perfect competition.

  26. What is Wage fund theory?

  27. Urbanization is a key ingredient of the growth of any economy - Explain.

  28. State the reasons for implementing LPG.

  29. What are the merits of globalisation? 

  30. What is rural roads and rural transport?

  31. What is MS word?

  32. Part III

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

    7 x 3 = 21
  33. What are the properties of indifference curves?

  34. Distinguish between internal and external economies

  35. Distinguish between explicit cost and implicit cost.

  36. Mention any three benefits of perfect competition.

  37. Write a note on Risk-bearing Theory of Profit.

  38. State the B.R. Ambedkar Economic Ideas in agricultural economics.

  39. Explain about the Period of Merchant Capital.

  40. What are the arguments is favour of LPG.

  41. Explain the causes for Rural Backwardness.

  42. Write a note on mineral resources in Tamil Nadu

  43. Part IV

    Answer all the questions.

    7 x 5 = 35
    1. Changes in Tastes and fashions the demand for some goods and services is very suscrptible to change in tastes and fashions?

    2. Solve by Cramer's rule
      \(2{ x }_{ 1 }+3{ x }_{ 2 }=7;\\ 2{ x }_{ 1 }+{ x }_{ 2 }=5\\ \)

    1. Enumerate the contribution of Amartya Kumar Sen to Indian Economy.

    2. Give an account of the Iron and Steel industry in India.

    1. Describe the salient features of EXIM policy (2015 - 2020)

    2. Explain about Agrarian Crisis after reforms.

    1. Explain Strong features Indian economy.

    2. Describe the quantitative aspects of population.

    1. Examine the Law of Variable Proportions with the help of diagram.

    2. Profit is the reward for risk-taking and uncertainty-bearing.

    1. Elaborate the nature and scope of Economics

    2. Illustrate price and output determination under Monopoly.

    1. What are the methods of measuring elasticity demand?

    2. Relationship between TR, AR, MR and Elasticity of demand.

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