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

11th Standard

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Economics

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

Answer all the questions

9 x 1 = 9
1. Public Finance is concerned with

(a)

Income and Expenditure of government

(b)

Public Debt

(c)

Taxation

(d)

All the above

2. Marginal utility analysis is based on __________ .

(a)

Ordinal approach

(b)

cardinal approach

(c)

Indifference Curve approach

(d)

Budget line approach

3. Responsiveness of the quantity supplied of a good to a change in its price is_______

(a)

Supply

(b)

Elasticity of supply

(c)

Demand

(d)

Elasticity of demand

4. Revenue received from the sale of additional unit is termed as _____ revenue.

(a)

profit

(b)

average

(c)

marginal

(d)

total

5. Very short period is also called ________ period

(a)

Long Period

(b)

Short Period

(c)

Market Period

(d)

None of these

6. Profit is the reward for

(a)

Land

(b)

Organization

(c)

Capital

(d)

Labour

7. "Liquidity preference is the preference to have an amount of cash rather than of claims against others" says_________________.

(a)

J.S.Mill

(b)

Benham

(c)

Meyer

(d)

Torrance

8. V.K.R.V. Rao followed the footsteps of his great teacher ______________,

(a)

J.M.Keynes

(b)

J.S.Mill

(c)

Malthus

(d)

Hicks

9. The Period of merchant capital was_________.

(a)

1757 - 1813

(b)

1813 - 1820

(c)

1820 -1826

(d)

None of these

10. 1 x 2 = 2
11. What is the slope of the function $y={ 5 }x^{ 4 }$ when x=10?