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11th Standard Economics English Medium Free Online Test Book Back One Mark Questions - 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. The concept of elasticity of demand was intorduced by

    (a)

    Ferguson

    (b)

    Keynes

    (c)

    Adam Smith

    (d)

    Marshall

  2. Product obtained from additional factors of production is termed as

    (a)

    Marginal product

    (b)

    Total product

    (c)

    Average product

    (d)

    Annual product

  3. Marginal revenue is the addition made to the

    (a)

    total sales

    (b)

    total revenue

    (c)

    total production

    (d)

    total cost

  4. Residual Claimant Theory is propounded by _________.

    (a)

    Keynes

    (b)

    Walker

    (c)

    Hawley

    (d)

    Knight

  5. Who introduced the National Development Council in India?

    (a)

    Ambedkar

    (b)

    Jawaharlal Nehru

    (c)

    Radhakrishnan

    (d)

    V.K.R. V. Rao

  6. The Oldest large scale industry in India

    (a)

    cotton

    (b)

    jute

    (c)

    steel

    (d)

    cement

  7. The Goods and Services Tax Act come into effect on______

    (a)

    1st July 2017

    (b)

    1st July 2016

    (c)

    1st January 2017

    (d)

    1st January 2016

  8. In which year, Regional Rural Banks came into existence?

    (a)

    1965

    (b)

    1970

    (c)

    1975

    (d)

    1980

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

    (a)

    agriculture

    (b)

    industry

    (c)

    mining

    (d)

    services

  10. The first differentiation of Total Revenue function gives ______

    (a)

    Average Revenue

    (b)

    Profit

    (c)

    Marginal Revenue

    (d)

    Zero

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