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11th Standard Economics English Medium Free Online Test 1 Mark Questions 2020

11th Standard

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Economics

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Which one of the following is not a point in the Welfare Definition of Economics?

    (a)

    Study of ordinary man

    (b)

    Economics does not focus on wealth alone

    (c)

    Economics is the study of material welfare

    (d)

    Economics deals with unlimited wants and limited means

  2. General theory of 'Employment Interest and Money' published in _____

    (a)

    1930

    (b)

    1936

    (c)

    1988

    (d)

    1990

  3. Who assumed that "utility is measurable".

    (a)

    Alfred Marshall

    (b)

    Adam smith

    (c)

    Hicks

    (d)

    Ricardo

  4. Which of the following would not result in a rightward shift of the PPC?

    (a)

    Increase in investment in capital stock

    (b)

    Reduction in labour unemployment rate

    (c)

    Discovery of new oil deposits

    (d)

    Increase in the number of people

  5. When marginal utility reaches zero, the total utility will be

    (a)

    Minimum

    (b)

    Maximum

    (c)

    Zero

    (d)

    Negative

  6. Higher Indifference curve indicates ____

    (a)

    Higher level of satisfaction

    (b)

    Higher cost

    (c)

    Lower cost

    (d)

    Lower level of satisfaction

  7. 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

  8. A firm under monopoly can earn ________ in the short run

    (a)

    Normal profit

    (b)

    Loss

    (c)

    Super normal profit

    (d)

    More loss

  9. Money wages are also known as __________.

    (a)

    Real wages

    (b)

    Nominal wages

    (c)

    Original wages

    (d)

    Transfer wages

  10. Density of population=______

    (a)

    Land area / Total Population

    (b)

    Land area / Employment

    (c)

    Total Population / Land area of the region

    (d)

    Total Population / Employment

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TN 11th Standard Economics free Online practice tests

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