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11th Standard Economics English Medium Free Online Test Creative One 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. Who is the author of the book "An essay on the nature and significance of economic science ?

    (a)

    Lionel Robbins

    (b)

    Karal Marx

    (c)

    Adam smith

    (d)

    Alfred Marshall

  2. The famous 'diamond - water paradox' was explained by _______

    (a)

    Alfred Marshall

    (b)

    Adam Smith

    (c)

    Lionel Robbins

    (d)

    Paul Samuelson

  3. Production refers to

    (a)

    Destruction of utility

    (b)

    Creation of utility

    (c)

    Exchange value

    (d)

    None

  4. MC=MR is ___________

    (a)

    Price

    (b)

    Equilibrium

    (c)

    Demand

    (d)

    Revenue

  5. Who is the aurhor of agio theory of Interest ?

    (a)

    Walker

    (b)

    Clark

    (c)

    Bohm Bawesk

    (d)

    Howlay

  6. The economy which has emerged as the World's fastest growing economy in the year 2016-17 next to China, is _____________.

    (a)

    U.S.A

    (b)

    France

    (c)

    Japan

    (d)

    India

  7. Gandhi advocated cent per cent ____________.

    (a)

    Prohibition

    (b)

    Industrialization

    (c)

    Socialism

    (d)

    Agricultural Economics

  8. ____________________ manufacturing value-added and one third of total export earnings.

    (a)

    Paper industry

    (b)

    Cotton and textile industry

    (c)

    Jute industry

    (d)

    Fertiliser industry

  9. The Ministry of Agriculture promulgated and order known as_____.

    (a)

    Cold order

    (b)

    Storage order

    (c)

    Cold storage order

    (d)

    None

  10. Selling of government securities of public sector undertakings to private sector (or) banks.

    (a)

    Dereservation

    (b)

    Delicensing

    (c)

    Foreign Exchange Policy

    (d)

    Disinvestment

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