Quarterly Model Question Paper

11th Standard

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Economics

Time : 02:45:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Economics is a study of mankind in the ordinary business of life - It is the statement of

    (a)

    Adam Smith

    (b)

    Lionel Robbins

    (c)

    Alfred Marshall

    (d)

    Samuelson

  2. Growth definition takes into account

    (a)

    The problem of choice in the dynamic frame work of Economics

    (b)

    The problem of unlimited means in relation to wants

    (c)

    The production and distribution of wealth

    (d)

    The material welfare of human beings

  3. 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

  4. The term or word 'Economics' comes from language

    (a)

    Latin

    (b)

    Ancient Greek

    (c)

    Spanish

    (d)

    British

  5. _______ which analyses the interrelationship between economy and Environment.

    (a)

    Rural Economics

    (b)

    Health Economics

    (c)

    Environmental Economics

    (d)

    Developmental Economics

  6. The basis for the law of demand is related to

    (a)

    Law of Diminishing Marginal Utility

    (b)

    Law of Supply

    (c)

    Law of Equi-Marginal Utility

    (d)

    Gossen's Law

  7. The indifference curve are

    (a)

    vertical

    (b)

    horizontal

    (c)

    positive sloped

    (d)

    negative

  8. The demand curve slopes upwards from left to right known as

    (a)

    Exceptional demand curve

    (b)

    Shift in demand curve

    (c)

    Extension and contraction demand curve

    (d)

    Steep sloping demand curve

  9. The cardinal utility approach was criticised by the English Economist

    (a)

    J.R.Hicks  

    (b)

    R.GD. Allen

    (c)

    F.W. Edgeworth

    (d)

    J.M. Keynes

  10. The relationship between the price of a commodity and the supply of commodity is

    (a)

    Negative

    (b)

    Positive

    (c)

    Zero

    (d)

    Increase

  11. ________________ represent Human capital.

    (a)

    Money

    (b)

    Efficiency

    (c)

    Hard work

    (d)

    All the above

  12. Reward paid to capital is

    (a)

    Interest

    (b)

    Profit

    (c)

    Wages

    (d)

    Rent

  13. As a factor of production, tools and accessories constitute_____________.

    (a)

    land

    (b)

    labour

    (c)

    capital

    (d)

    enterprise

  14. _____________refers to all those natural resources or gifts in nature which are provided free to man.

    (a)

    Land

    (b)

    Labour

    (c)

    Capital

    (d)

    Organisation

  15. Money cost is also known as _____ cost.

    (a)

    explicit

    (b)

    implicit

    (c)

    social

    (d)

    real

  16. ____ is also called as 'Retrospective Cost'.

    (a)

    Floating

    (b)

    Sunk Cost

    (c)

    Economic Cost

    (d)

    Money Cost

  17. Average Revenue (AR) curves in perfect competition are______________.

    (a)

    Steep

    (b)

    fairly flat

    (c)

    parallel to X-axis

    (d)

    sloping up

  18. ___________rent disappear, when one of the supply of goods increases.

    (a)

    Scarcity

    (b)

    Differential

    (c)

    Quasi

    (d)

    Transfer

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

    (a)

    Topography

    (b)

    Demography

    (c)

    Geography

    (d)

    Philosophy

  20. Which year is treated as 'Year of Population Explosion'?

    (a)

    1941

    (b)

    1961

    (c)

    1921

    (d)

    1931

  21. 7 x 2 = 14
  22. Give the meaning of deductive method

  23. Classify the market based on the competitions?

  24. What is meant by marginal rate of substitution?

  25. Define Average product?

  26. Mention any two types of price discrimination.

  27. Define "Quasi Rent" in the words of Alfred Marshall.

  28. Write the various aspects of demographic trends in India

  29. 7 x 3 = 21
  30. What are the important features of utility?

  31. Explain the importance of microeconomics.

  32. What are the determinants of Demand? Explain.

  33. Explain ordinal utility approach.

  34. Explain the concept of 'cost minimization!

  35. Explain the Marginal Productivity Theory of Wage.

  36. What is meant by density of population? State the nature of density of population in India.

  37. 7 x 5 = 35
  38. State the welfare definition given by Alfred Marshall and assess it.

  39. Explain the law of Equi - marginal utility

  40. Explain the 'Indifference curve Analysis' with the help 'of diagrams.

  41. Discuss the short run cost curves with suitable diagram?

  42. Define Total Revenue and Explain its behaviour when. the price is constant and when the price is declining.

  43. Explain the Keynesian Theory of Interest.

  44. Discuss Thiruvalluvar's contribution to Indian economy.

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