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

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. Economics is a _______science

    (a)

    Social

    (b)

    Moral

    (c)

    Physical

    (d)

    Natural

  3. The concept of net economic welfare has been given by

    (a)

    Samuelson

    (b)

    Marshall

    (c)

    Adam smith

    (d)

    Lionel Robbins

  4. Marginal utility analysis is based on __________ .

    (a)

    Ordinal approach

    (b)

    cardinal approach

    (c)

    Indifference Curve approach

    (d)

    Budget line approach

  5. The Cobb-Douglas Production function was developed by ________________

    (a)

    Charles W.Cobb and Paul H. Douglas

    (b)

    E.H. Chamberlin

    (c)

    J.M. Keynes

    (d)

    Adam Smith

  6. The author of liqudity prefernce theory is.

    (a)

    J.M. Keynes

    (b)

    Marshall

    (c)

    Samuelson

    (d)

    Knight

  7. The Planning Commission was setup in the year ____________

    (a)

    1950

    (b)

    1955

    (c)

    1960

    (d)

    1952

  8. During the first part of 20th Century swadeshi movement stimulated the __ process in India.

    (a)

    Liberalization

    (b)

    Privatization

    (c)

    Industria1isation

    (d)

    None of these

  9. Which policy is supporting the concepts like Make in India and Digital India?

    (a)

    FDI

    (b)

    EXIM

    (c)

    FPI

    (d)

    MOFPI

  10. There are ___________ types of poverty.

    (a)

    One

    (b)

    Two

    (c)

    Three

    (d)

    Four

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