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

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. In which year Adam Smith published "The Wealth of Nations"

    (a)

    1776

    (b)

    1774

    (c)

    1772

    (d)

    1770

  2. The total area under the demand curve of a product measure______________.

    (a)

    Marginal utility

    (b)

    Total utility

    (c)

    Consumer's surplus

    (d)

    Producer's surplus

  3. At what point is the marginal product maximum?

    (a)

    Turning point

    (b)

    Equilibrium point

    (c)

    Focal point

    (d)

    Point of inflexion

  4. MC curve is a ____ shaped curve.

    (a)

    V

    (b)

    L

    (c)

    A

    (d)

    U

  5. MC = MR is

    (a)

    Price

    (b)

    Equilibrium

    (c)

    Demand

    (d)

    Revenue

  6. Liquidity Preference means ________ .

    (a)

    People to hold cash

    (b)

    Level of income

    (c)

    Disinvestment

    (d)

    Transfer earnings

  7. Population growth rate in India is as high as ______

    (a)

    1.7

    (b)

    2.7

    (c)

    3.7

    (d)

    4.7

  8. Kumarappa worked as a Professor of economics at the ____________.

    (a)

    Benaras Hindu University

    (b)

    Gujarat Vidyapith

    (c)

    Osmania University

    (d)

    California University

  9. ________________is to measure to calculate the quality of life well being of a country.

    (a)

    PQLI

    (b)

    HDI

    (c)

    Aayog

    (d)

    None

  10. "Cold Storage Order 1964", under the section of

    (a)

    Section 3

    (b)

    Section 4

    (c)

    Section 5

    (d)

    Section 8

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