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11th Standard Economics English Medium Free Online Test Book Back 1 Mark Questions with Answer Key - Part Three

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 the father of Economics?

    (a)

    Max Muller

    (b)

    Adam Smith

    (c)

    Karl Marx

    (d)

    Paul A Samuelson

  2. Marginal utility is measured by using the formula of

    (a)

    TUn - TUn-1

    (b)

    TUn - TUn+1

    (c)

    TUn + TUn+1

    (d)

    TUn - TUn+1

  3. Formula for calculating AP is

    (a)

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

    (b)

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

    (c)

    \(\frac { TP }{ MP } \)

    (d)

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

  4. Money cost is also known as _____ cost.

    (a)

    explicit

    (b)

    implicit

    (c)

    social

    (d)

    real

  5. Which of the following is a feature of monopolistic competition?

    (a)

    One seller

    (b)

    Few sellers

    (c)

    Product differentiation

    (d)

    No entry

  6. The concept of Quasi-Rent is associated with _________.

    (a)

    Ricardo

    (b)

    Keynes

    (c)

    Walker

    (d)

    Marshall

  7. Which one of the following is a developed nations?

    (a)

    Mexico

    (b)

    Ghana

    (c)

    France

    (d)

    Sri Lanka

  8. First World War started in the year __ .

    (a)

    1914

    (b)

    1814

    (c)

    1941

    (d)

    1841

  9. How many commercial banks were nationalised in 1969?

    (a)

    10

    (b)

    12

    (c)

    14

    (d)

    16

  10. Annual plans formed in the year __ .

    (a)

    1989 - 1991

    (b)

    1990 - 1992

    (c)

    2000 - 2001

    (d)

    1981 - 1983

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