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

11th Standard

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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. Who assumed that "utility is measurable".

    (a)

    Alfred Marshall

    (b)

    Adam smith

    (c)

    Hicks

    (d)

    Ricardo

  3. __________are the basis for human behavior to buy and consume goods.

    (a)

    Choice

    (b)

    Scarcity

    (c)

    Resource

    (d)

    Wants

  4. The indifference curve approach is based on the concept

    (a)

    Diminishing marginal rate of substitution

    (b)

    The law of maximum satisfaction

    (c)

    Single mode commodity

    (d)

    All the above

  5. Who are interested in enlarging the scale of production of their commodltites.

    (a)

    Entrepreneur

    (b)

    Producer

    (c)

    Consumer

    (d)

    Distributor

  6. MCn is a

    (a)

    TR - TC

    (b)

    TFC + TVC

    (c)

    TC- TCn-1

    (d)

    All the above

  7. Monopolistic competition is a form of __________

    (a)

    Oligopoly

    (b)

    Duopoly

    (c)

    Imperfect competition

    (d)

    Monopoly

  8. Price elasticity of demand for individual firm in monopolistic competition is___________________.

    (a)

    infinite

    (b)

    very low

    (c)

    high

    (d)

    low

  9. Social infrastructure are ______

    (a)

    Education

    (b)

    Training and research

    (c)

    Health and Housing

    (d)

    All the above

  10. In India's total cement production, Tamil Nadu ranks

    (a)

    third

    (b)

    fourth

    (c)

    first

    (d)

    second

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