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11th Standard Economics English Medium Free Online Test Creative 1 Mark Questions

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. 'Nomos' means

    (a)

    Polite

    (b)

    Management

    (c)

    Household

    (d)

    None of these

  2. In the absence of consumption there can be no_________.

    (a)

    Consumption

    (b)

    Production

    (c)

    Service

    (d)

    None

  3. Consumer surplus is highest in the case_____________.

    (a)

    necessities

    (b)

    luxuries

    (c)

    comfort

    (d)

    all of these

  4. Labour cannot be separated from

    (a)

    Capital

    (b)

    Labourer

    (c)

    Profit

    (d)

    Organization

  5. When AR remains constant MR is also ____.

    (a)

    constant

    (b)

    greater

    (c)

    lesser

    (d)

    none of these

  6. AC = 

    (a)

    AFC-AVC

    (b)

    AFC+AVC

    (c)

    AFC x AVC

    (d)

    AFC/AVC

  7. Revenue per unit to output sold known as ___________ .

    (a)

    Profit

    (b)

    TR

    (c)

    AR

    (d)

    All the above

  8. The cost which is never zero even when production is stopped is called .................... cost.

    (a)

    Fixed

    (b)

    Variable

    (c)

    Prime

    (d)

    Implicit

  9. Under perfect competition, there is ___________  price prevails in the market.

    (a)

    High price

    (b)

    Low price

    (c)

    Uniform price

    (d)

    None of these

  10. According to Keynes_________ is determined.

    (a)

    Rate of interest

    (b)

    Profit

    (c)

    Wage

    (d)

    None

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