+1 First Revision Test

11th Standard

    Reg.No. :
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Economics

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

    I. Choose the best answers

    20 x 1 = 20
  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. Economics according to Robbins is ________.

    (a)

    Science of choice

    (b)

    Resource

    (c)

    Social Science

    (d)

    All the above

  3. Ordinal Utility can be measured by

    (a)

    Ranking

    (b)

    Numbering

    (c)

    Wording

    (d)

    None of these

  4. During the periods of boom, the demand for all commodities tends to

    (a)

    Increase

    (b)

    Decrease

    (c)

    Equal

    (d)

    Constant

  5. In a firm 5 units as factors produce 24 units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product

    (a)

    30

    (b)

    6

    (c)

    5

    (d)

    24

  6. __________ is the active factors of production.

    (a)

    Labour

    (b)

    Land

    (c)

    Capital

    (d)

    None

  7. Identify the formula of estimating average variable cost.

    (a)

    TC/Q

    (b)

    TVC/Q

    (c)

    TFC/Q

    (d)

    TAC/Q

  8. In which of the following is not a type of market structure price will be very high?

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Duopoly

    (d)

    Oligopoly

  9. Most important form of selling cost is_____________.

    (a)

    Homogeneous product

    (b)

    Advertisement

    (c)

    Sales

    (d)

    Tax

  10. According to the Loanable Funds Theory, supply of loanable funds is equal to _________.

    (a)

    S + BC + DH + DI

    (b)

    I + DS + DH + BM

    (c)

    S + DS + BM + DI

    (d)

    S + BM + DH + DS

  11. The Distribution of national income among the individuals

    (a)

    Personal

    (b)

    Functional

    (c)

    Both

    (d)

    Per capital Income

  12. The position of Indian Economy among the other strongest economies in the world is ______

    (a)

    Fourth

    (b)

    Sixth

    (c)

    Fifth

    (d)

    Tenth

  13. The father of Green Revolution in India was __________

    (a)

    M.S. Swaminathan 

    (b)

    Gandhi

    (c)

    Visweswaraiah

    (d)

    N.R. Viswanathan

  14. Indian handicraft products could not complete with __ products.

    (a)

    Consumer products

    (b)

    Intermediate goods

    (c)

    Machine made products

    (d)

    None of these

  15. Expansion of FDI____

    (a)

    Foreign Private Investment

    (b)

    Foreign Portfolio

    (c)

    Foreign Direct Investment

    (d)

    Forex Private Investment

  16. Agricultural sector exhibited features of ________ institution.

    (a)

    feudal

    (b)

    semi Feudal

    (c)

    technical

    (d)

    both (a) and (b)

  17. Identify the year in which National Rural Health Mission was launched

    (a)

    2000

    (b)

    2005

    (c)

    2010

    (d)

    2015

  18. Which Union Territory has the highest sex ratio?

    (a)

    Chandigarh

    (b)

    Pondicherry

    (c)

    Lakshadeep

    (d)

    Andaman Nicobar

  19. ___________________is the major home for textile manufacturing and export hup in India.

    (a)

    Karur

    (b)

    Tiruppur

    (c)

    Coimbatore

    (d)

    Dindigul

  20. If x + = 5 and x-y = 3 then value of x

    (a)

    4

    (b)

    3

    (c)

    16

    (d)

    8

  21. II. Answer any seven in which Question No. 30 is compulsory

    7 x 2 = 14
  22. Name any two types of utility.

  23. What is total product?

  24. Define Revenue.

  25. Who introduced imperfect competition?

  26. Write the meaning of Gross National Happiness Index (GNHI).

  27. What are the Phases of colonial exploitation of India?

  28. Write a short note on industrial delicencing policy.

  29. Define Cottage Industry.

  30. Write a note on the following concept?
    i) N.N.M. ii) IMR iii) CMR

  31. Find the average cost function where TC = 60 + 10x + 15x2.

  32. Answer any seven questions’ in which Question No.40 is compulsory.

    7 x 3 = 21
  33. Explain different types of economic activities.

  34. Explain the importance or the application of the Law of Diminishing Marginal Utility.

  35. What are the functions of Entrepreneur?

  36. Distinguish between fixed cost and variable cost.

  37. Examine the sources of Monopoly power.

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

  39. Mention the features of a Developed economy.

  40. State the reasons for nationalization of commercial banks.

  41. What is the importancy of Jute Industry

  42. The revenue function and demand function from marginal revenue function. Give the Reason.

  43. IV. Answer all the questions 

    7 x 5 = 35
    1. Compare and contrast various definitions of Economics.

    2. What do you mean by stable equilibrium, particular equilibrium and general equilibrium? Explain

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

    2. Explain relationship among total Average and Marginal Products.

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

    2. Brint out the features of perfect competition.

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

    2. Explain the contribution of Amartya Kumar Sen towards the Economic development.

    1. Describe the performance of five year plans in India.

    2. Explain about monetary and financial sector reforms

    1. Analyses the causes for Rural Indebtedness.

    2. Mention the water resources of Tamil Nadu.

    1. Mr.Anbu purchased 2 pens, 3 pencils and 1 note book. Mr.Barakath purchased 4 pens, 3 pencils and 2 notebooks. Mr.Charles purchased 2 pens, 5 pencils and 3 notebooks. They spent Rs.32, Rs.52 and Rs.60 respectively. Find the price of a pen, a pencil and a notebook.

    2. Explain the steps involved in making presentation using the software 'Microsoft Powerpoint'.

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