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11th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Four

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Environmental economics is a study of inter disciplinary tools for the problems of____

    (a)

    Ecology

    (b)

    Economy

    (c)

    Environment

    (d)

    All of these

  2. Economic laws can be derived by____________.

    (a)

    inductive method

    (b)

    deductive method

    (c)

    both (a) and (b)

    (d)

    neither (a) nor (b)

  3. 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

  4. The changing agent of the society is called______________.

    (a)

    Labour

    (b)

    Man

    (c)

    Organiser

    (d)

    Woman

  5. Find out the Real Cost

    (a)

    Workers in foregoing leisure

    (b)

    Land and building

    (c)

    Payment of wages

    (d)

    Alternative foregone

  6. Total revenue is Rs 500. Total cost Rs 600. Therefore find profit or loss?

    (a)

    100 Profit

    (b)

    100 Loss

    (c)

    1100 Profit

    (d)

    600 Loss

  7. The author of liqudity prefernce theory is.

    (a)

    J.M. Keynes

    (b)

    Marshall

    (c)

    Samuelson

    (d)

    Knight

  8. ______ is a main source of metal like aluminium in Odisha and Andrapradesh.

    (a)

    Bauxite

    (b)

    Mica

    (c)

    Coal

    (d)

    Iron

  9. To form National Aviation Company of India Ltd. (NACIL), Air India and Indian Airlines were merged on __________.

    (a)

    January 26, 2005

    (b)

    August 15, 2006

    (c)

    August 27, 2007

    (d)

    January 30, 2008

  10. The British East India Company was charted in ____________

    (a)

    1498

    (b)

    1510

    (c)

    1601

    (d)

    1666

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