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

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Producer's equilibrium is achieved at the point where:

    (a)

    Marginal rate of technical substitution (MRTS) is greater than the price ratio

    (b)

    MRTS is lesser than the price ratio

    (c)

    MRTS and price ratio are equal to each other

    (d)

    The slopes of Iso quant and Iso cost lines are different

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

    (a)

    profit

    (b)

    average

    (c)

    marginal

    (d)

    total

  3. In monopolistic competition, the essential feature is ____________

    (a)

    Same product

    (b)

    Selling cost

    (c)

    Single seller

    (d)

    Single buyer

  4. Profit is the reward for

    (a)

    Land

    (b)

    Organization

    (c)

    Capital

    (d)

    Labour

  5. Ambedkar the problem studied by in the context of Indian Economy is__________

    (a)

    Small land holdings and their remedies

    (b)

    Problem of Indian Currency

    (c)

    Economics of socialism

    (d)

    All of them

  6. The Oldest large scale industry in India

    (a)

    cotton

    (b)

    jute

    (c)

    steel

    (d)

    cement

  7. The Raja Chelliah Committee on Trade Policy Reforms suggested the peak rate on import duties at____.

    (a)

    25%

    (b)

    50%

    (c)

    60%

    (d)

    100%

  8. Identify the cause for rural indebtedness in India

    (a)

    Poverty

    (b)

    High population

    (c)

    High productivity

    (d)

    Full employment

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

    (a)

    Nagapattinam

    (b)

    Nilgiris

    (c)

    Tiruchy

    (d)

    Thanjavur

  10. The first person used the mathematics in Economic is

    (a)

    Sir William Petty

    (b)

    Giovanni Ceva

    (c)

    Adam Smith

    (d)

    Irving Fisher

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