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11th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Utility means

    (a)

    Equilibrium point at which demand and supply are equal

    (b)

    Want - satisfying capacity of goods and services

    (c)

    Total value of commodity

    (d)

    Desire for goods and services

  2. Micro Economics covers

    (a)

    Value theory

    (b)

    Theory of economic welfare

    (c)

    Both 'a' and 'b'

    (d)

    Income theory

  3. Who expressed the view that, "economics is neutral between ends"?

    (a)

    Robbins

    (b)

    Marshall

    (c)

    Pigou

    (d)

    Adam Smith

  4. Increase in demand is caused by

    (a)

    Increase in tax

    (b)

    Higher subsidy

    (c)

    Increase in interest rate

    (d)

    decline in population

  5. If the price of any complement goods rises,_____________.

    (a)

    demand curve shifts to the left

    (b)

    demand curve shifts to the right

    (c)

    demand curve moves downwards

    (d)

    demand curve moves upwards

  6. A_________refers to a single production unit producing a commodity.

    (a)

    Industry

    (b)

    Firm

    (c)

    Factory

    (d)

    None

  7. The reward given for the use of capital __________.

    (a)

    Rent

    (b)

    Wage

    (c)

    Interest

    (d)

    Profit

  8. _________ Distribution means the distribution of income among the four factors of production.

    (a)

    Personal

    (b)

    MRP

    (c)

    Functional

    (d)

    All the above

  9. Jigmes Singye wang chuck was introduced Gross National Happiness in _____

    (a)

    1970

    (b)

    1971

    (c)

    1972

    (d)

    1973

  10. The recommended nutritional in take per person in rural areas __________

    (a)

    2100 calories

    (b)

    2000 calories

    (c)

    2300 calories

    (d)

    2400 calories

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