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

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. Who is regard Economics as a "dismal science", "pig science".

    (a)

    Ruskin and Carlycle

    (b)

    Ricardo

    (c)

    Ragner Prisch

    (d)

    None

  2. The book titled "The General Theory of Employment, interest and money" was published by

    (a)

    J.M. Keynes.

    (b)

    Milten Friedman

    (c)

    Ragner Frisch

    (d)

    Paul Samuelson

  3. _____ does Px denotes.

    (a)

    Demand of a commodity

    (b)

    Quantity of the demand

    (c)

    Price of a commodity

    (d)

    All the above

  4. Consumer's surplus was first mentioned by _________.

    (a)

    J.S. Mill

    (b)

    J.A. Dupuit

    (c)

    Karl Marx

    (d)

    Dalton

  5. The rate of change in quantity demand due to a given change in price known as

    (a)

    Market demand curve

    (b)

    Law of demand

    (c)

    Elasticity of demand

    (d)

    Elasticity of demand

  6. The law of demand is a_______________.

    (a)

    positive statement

    (b)

    normative statement

    (c)

    both (a) and (b)

    (d)

    neither (a) nor (b)

  7. Education and training given to labour is _________________

    (a)

    money capital

    (b)

    human capital

    (c)

    physical capital

    (d)

    none of the these

  8. MP = __________

    (a)

    \(\frac { \Delta TP }{ \Delta N } \)

    (b)

    TPn-TPn-1

    (c)

    Both (a) and (b)

    (d)

    None of these

  9. The Classical Theory of rent was propounded by _________.

    (a)

    Ricardo

    (b)

    Keynes

    (c)

    Marshall

    (d)

    Walker

  10. The largest contribution to GSDP in Tamil Nadu comes from ------------

    (a)

    agriculture

    (b)

    industry

    (c)

    mining

    (d)

    services

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