Revision Model Question Paper 2

11th Standard

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Economics

Time : 03:00:00 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. 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. "Demand in economics is the desire to possess something and the willingness and the ability to pay a certain price in order to possess it," says ________

    (a)

    J. Harvey

    (b)

    Gossen

    (c)

    Giffen

    (d)

    J.S.Mill

  3. The ISO-quant is also called as the _________

    (a)

    Equal product curve

    (b)

    Product indifference curve

    (c)

    Both (a) and (b)

    (d)

    None of these

  4. The cost per unit of output is denoted by cost _____.

    (a)

    average

    (b)

    marginal

    (c)

    variable

    (d)

    total

  5. Opportunity cost is also called as ____.

    (a)

    Alternative Cost

    (b)

    Transfer Cost

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  6. There is no excess capacity under _________

    (a)

    Monopoly

    (b)

    Monopolistic competition

    (c)

    Oligopoly

    (d)

    Perfect competition

  7. There are __________ kinds of wastages under monopolistic competition.

    (a)

    Five

    (b)

    Four

    (c)

    Three

    (d)

    Two

  8. Rent is the reward for the use of _________.

    (a)

    Capital

    (b)

    Labour

    (c)

    Land

    (d)

    Organization

  9. Marginal productivity theory of distribution is otherwise known as_____________.

    (a)

    Ricardian Theory of rent

    (b)

    National Dividend Theory of distribution

    (c)

    Subsistence theory of wages

    (d)

    Abstinence Theory

  10. Ambedkar studied the problem in the context of Indian Economy is _____

    (a)

    Small land holdings and their remedies

    (b)

    Problem of Indian Currency

    (c)

    Economics of socialism

    (d)

    All of them

  11. Give an example for main gold region in India _____

    (a)

    Kolar Gold field

    (b)

    Hutli Gold field

    (c)

    Ramgiri Gold field

    (d)

    All the above

  12. The PQLI was developed by _________

    (a)

    Planning Commission

    (b)

    Nehru

    (c)

    Morris

    (d)

    Morris D. Biswajeet

  13. The Sarva Shiksha Abiyan was introduced in the ____________

    (a)

    First five year plan

    (b)

    Tenth five year plan

    (c)

    Third five year plan

    (d)

    Ninth five year plan

  14. Agricultural Produce Market Committee is a _____.

    (a)

    Advisory body

    (b)

    Statutory body

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  15. ___________ is responsible for high marketing costs, market gluts and price fluctuations.

    (a)

    Perishability

    (b)

    Risk

    (c)

    Drought

    (d)

    Famine

  16. Which feature is identified with rural areas?

    (a)

    Low population density

    (b)

    High population density

    (c)

    Low natural resources

    (d)

    Low human resources

  17. When industries offer employment only for a certain period of time in a year it leads to ....................... employment.

    (a)

    Structural

    (b)

    Frictional

    (c)

    Casual

    (d)

    Seasonal

  18. Which district has the lowest child sex ratio?

    (a)

    Madurai

    (b)

    Theni

    (c)

    Ariyalur

    (d)

    Cuddalore

  19. Data processing is done by

    (a)

    PC alone

    (b)

    Calculator alone

    (c)

    Both PC and Calculator

    (d)

    Pen drive

  20. The first known Economist to apply mathematical method to economic problems was____________.

    (a)

    J.M. Keynes

    (b)

    Adam Smith

    (c)

    JS.Mill

    (d)

    Giovanni Ceva

  21. Part II

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

    7 x 2 = 14
  22. Define - Cost.

  23. Mention the Factors determining supply?

  24. Define Revenue.

  25. Classify the market on the basis of time.

  26. What is meant by Marginal Physical Product (MPP)?

  27. Write any five strengths of Indian economy?

  28. State the various components of Central sector schemes under post-harvest measures.

  29. Mention few characteristics of SEZ..

  30. What is rural development, according to the World Bank?

  31. What are the four kinds of work sheet calculation?

  32. Part III

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

    7 x 3 = 21
  33. Mention the relationship between marginal utility and total utility.

  34. Explain Iso quant map with the help of diagram.

  35. Distinguish between explicit cost and implicit cost.

  36. Distinguish between Price-Marker and Price-Taker?

  37. Distinguish between rent and quasi-rent.

  38. Write a short note on Welfare Economics given by Amartya Sen.

  39. Elucidate the different types of land tenure system in colonial India.

  40. Explain Fiscal Reforms taken by the Government of India.

  41. Mention the features of SHGs.

  42. What are the renewable sources of power in Tamil Nadu?

  43. Part IV

    Answer all the questions.

    7 x 5 = 35
    1. What are the problems of British Rule in India?

    2. What is Microsoft power point? What are the step involved in executing a MS power point?

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

    2. Explain the public transport system in Tamil Nadu.

    1. Write a note on Uncertainty Bearing Theory of Profit.

    2. What are the impact of LPG on agricultural sector reforms?

    1. Bring out the relationship among TR, AR, MR curves and elasticity of demand.

    2. Explain the objectives and characteristics of SEZs.

    1. Elucidate the law of diminishing marginal utility with diagram.

    2. Explain the salient features of Indian economy.

    1. Explain the law of demand and its exceptions.

    2. Describe the features of oligopoly.

    1. Compare and contrast various definitions of Economics.

    2. Explain the internal and external economies of scale.

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