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

11th Standard

    Reg.No. :
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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The equilibrium price is the price at which

    (a)

    Everything is sold

    (b)

    Buyers spend their money

    (c)

    Quantity demanded equals quantity supplied

    (d)

    Exess demand is zero

  2. The author of scarcity definition

    (a)

    Marshall

    (b)

    Adamsmith

    (c)

    J.M. Keynes

    (d)

    Lionel Robbins

  3. Points outside the PPC are

    (a)

    attainable with existing technology

    (b)

    not attainable with the existing resources and technology

    (c)

    inefficient

    (d)

    suggest that the country's factors are under employed

  4. In case of relatively more elastic demand the shape of the curve is

    (a)

    Horizontal

    (b)

    Vertical

    (c)

    Steeper

    (d)

    Flatter

  5. There are __________ kinds of elasticity of demand.

    (a)

    Two

    (b)

    Three

    (c)

    Four

    (d)

    Five

  6. Mention the economies reaped from inside the firm

    (a)

    financial

    (b)

    technical

    (c)

    managerial

    (d)

    all of the above

  7. The __________ is an important component in analysing producer's behaviour.

    (a)

    Iso-quant curve

    (b)

    Iso-cost line

    (c)

    Production function

    (d)

    Elasticity of supply

  8. "Perfect competition prevails when the demand for the output of each producer is perfectly elastic" says__________________.

    (a)

    Joan Robinson

    (b)

    Edward Chamberlin

    (c)

    John Maynard Keynes

    (d)

    Prof. Clark

  9. The new Industrial Policy of 1991 has abolished_______.

    (a)

    Monopoly

    (b)

    Restrictive trade practice

    (c)

    Both 'a' and 'b'

    (d)

    'b' only

  10. Which district in TN has the highest sex ratio?

    (a)

    Nagapattinam

    (b)

    Nilgiris

    (c)

    Tiruchy

    (d)

    Thanjavur

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