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

11th Standard

    Reg.No. :
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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The equilibrium price is the price at which

    (a)

    Everything is sold

    (b)

    Buyers spend their money

    (c)

    Quantity demanded equals quantity supplied

    (d)

    Exess demand is zero

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

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Ricardo

  3. Cobb - Douglas production function assumes.

    (a)

    Increasing returns to scale

    (b)

    Diminishing returns to scale

    (c)

    Constant returns to scale

    (d)

    All of the above

  4. India bags the ___ in terms of nominal gross domestic product.

    (a)

    Sixth position

    (b)

    Seventh position

    (c)

    Third position

    (d)

    First position

  5. Give an example for main gold region in India _____

    (a)

    Kolar Gold field

    (b)

    Hutli Gold field

    (c)

    Ramgiri Gold field

    (d)

    All the above

  6. In terms of, size of population, India ranks___________ in the world

    (a)

    Second

    (b)

    Third

    (c)

    Fourth

    (d)

    Sixth

  7. The person who was called as "The Green Gandhian" by Historian Ramachandra Guha was ____________.

    (a)

    J.C. Kumarappa

    (b)

    V.K.R.V. Rao

    (c)

    Jawaharlal Nehru

    (d)

    Amartya Kumar Sen

  8. Ryotwari System was introduced by _______

    (a)

    Lord Cornwallis

    (b)

    Lord William Bentinck

    (c)

    Sir Thomas Munro and Captain Alexander Reed

    (d)

    All of these

  9. The industrial policy of 1956 sought to give dominant role to________________ sector.

    (a)

    Private

    (b)

    public

    (c)

    corporate

    (d)

    none

  10. The Goods and Services Tax Act come into effect on______

    (a)

    1st July 2017

    (b)

    1st July 2016

    (c)

    1st January 2017

    (d)

    1st January 2016

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