New ! Economics MCQ Practise Tests

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

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

    Answer all the questions

    10 x 1 = 10
  1. Which theory is generally included under micro economics?

    (a)

    Price Theory

    (b)

    Income Theory

    (c)

    Employment Theory

    (d)

    Trade Theory

  2. Economics according to the Lionel Robbins is a___________ science.

    (a)

    normative

    (b)

    applied

    (c)

    positive

    (d)

    experimental

  3. Wants may be both __________ and complementary.

    (a)

    Alternative

    (b)

    Competitive

    (c)

    End

    (d)

    Essential

  4. Price elasticity of demand is defined as the responsiveness of_____________.

    (a)

    price to a change in quantity demanded

    (b)

    quantity demanded to change in price

    (c)

    price to a change in income

    (d)

    quantity demanded to a change in income

  5. Entrepreneur stand to benefit from the resulting _____________ .

    (a)

    Diseconomies of scale

    (b)

    Economies of scale

    (c)

    Output

    (d)

    Price

  6. Monopolistic competition is a form of __________

    (a)

    Oligopoly

    (b)

    Duopoly

    (c)

    Imperfect competition

    (d)

    Monopoly

  7. Residual Claimant Theory is propounded by _________.

    (a)

    Keynes

    (b)

    Walker

    (c)

    Hawley

    (d)

    Knight

  8. The average wage of a worker can be calculated by using _____________ formula.

    (a)

    Average Wage per Worker = \({{Total\ Wage\ Fund}\over{No.\ of\ Workers}}\)

    (b)

    Marginal Wage of Worker = \({{Total\ Wage\ }\over{No.\ of\ Workers}}\)

    (c)

    Average Wage per Worker x Price

    (d)

    Average Wage x Output

  9. India has launched ________ number of five year plans so far.

    (a)

    12

    (b)

    11

    (c)

    10

    (d)

    13

  10. Value Added Tax is ________ .

    (a)

    Multipoint tax

    (b)

    Single point tax

    (c)

    Direct tax

    (d)

    All the above

*****************************************

TN 11th Standard Economics free Online practice tests

Reviews & Comments about 11th Standard Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - Part Four

Write your Comment