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

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Inductive Method is also called as

    (a)

    Empirical Method

    (b)

    Analytical Method

    (c)

    Abstract Method

    (d)

    All of these

  2. A____________science is prescriptive in nature.

    (a)

    positive

    (b)

    normative

    (c)

    both (a) and (b)

    (d)

    neither (a) nor (b)

  3. The concept of consumer's surplus is associated with

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Ricardo

  4. Utility can be measured and quantified under_____________.

    (a)

    cardinal approach only

    (b)

    ordinal approach only

    (c)

    both (a) and (b)

    (d)

    none of these

  5. ___________ increases the cost of production of a commodity or service.

    (a)

    Diseconomies of scale

    (b)

    Economies of scale

    (c)

    The scale of production

    (d)

    Production function

  6. On the basis of time, the market can be classified as ................. market.

    (a)

    short period

    (b)

    long period

    (c)

    very long period

    (d)

    all of these

  7. The distribution of income or wealth of a country among the individuals are

    (a)

    Functional distribution

    (b)

    Personal distribution

    (c)

    Goods distribution

    (d)

    Service distribution

  8. How do you term people employed in excess over and above the requirements?

    (a)

    Unemployment

    (b)

    Underemployment or Disguised Unemployment

    (c)

    Full employment

    (d)

    Self employment

  9. Most of the villagers are indebtedness to _____________ agencies.

    (a)

    Private

    (b)

    Money lenders

    (c)

    Both (a) and (b)

    (d)

    None of these

  10. Differentiation of constant term gives

    (a)

    one

    (b)

    zero

    (c)

    infinity

    (d)

    non-infinity

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