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

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. Ordinal Utility can be measured by

    (a)

    Ranking

    (b)

    Numbering

    (c)

    Wording

    (d)

    None of these

  2. Giffen goods are classified in to ________and___________ goods.

    (a)

    Superior

    (b)

    Inferior

    (c)

    Both (a) and (b)

    (d)

    None of the above

  3. Indifference curve has____________.

    (a)

    positive slope

    (b)

    negative slope

    (c)

    no slope at all

    (d)

    nothing can be said

  4. Which of the following is not a characteristic of land?

    (a)

    Its limited supply

    (b)

    Its is mobile

    (c)

    Heterogeneous

    (d)

    Gift of Nature

  5. 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

  6. Revenue received from the sale of additional unit is termed as _____ revenue.

    (a)

    profit

    (b)

    average

    (c)

    marginal

    (d)

    total

  7. Costs which involve payment made by the entrepreneur to provide for other factors of production are called .................cost.

    (a)

    Explicit

    (b)

    Implicit

    (c)

    Variable

    (d)

    Fixed

  8. Which is the first order condition for the profit of a firm to be maximum?

    (a)

    AC = MR

    (b)

    MC = MR

    (c)

    MR = AR

    (d)

    AC = AR

  9. FDI is a

    (a)

    Foreign Direct Investment

    (b)

    Food Development Investment

    (c)

    Foreign Domestic Investment

    (d)

    None

  10. DFEC stands for_____________.

    (a)

    Direct Foreign Exchange Control

    (b)

    Direct Finance Exchange Control

    (c)

    Duty Free Export Credit

    (d)

    Duty Free Exchange Credit

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