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

11th Standard

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Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The process of reasoning from particular to general is

    (a)

    Deductive method

    (b)

    Inductive method

    (c)

    Positive economics

    (d)

    Normative economics

  2. Capital good also called ________.

    (a)

    Intermediate goods

    (b)

    Producers goods

    (c)

    Semi durable goods

    (d)

    All the above

  3. As a factor of production, capital is a _______________means of production.

    (a)

    original

    (b)

    primary

    (c)

    produced

    (d)

    monetary

  4. Global Market

    (a)

    Gold and silver

    (b)

    Rice

    (c)

    Wheat

    (d)

    None

  5. There is strict barrier for entry of any new firm in_______________.

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  6. The concept of meeting unexpected expenditure according to keynes is __________.

    (a)

    Transaction motive

    (b)

    Precautionary motive

    (c)

    Speculative motive

    (d)

    Personal motive

  7. According to Alfred Marshall, interest is the reward for______________.

    (a)

    waiting

    (b)

    production

    (c)

    preference

    (d)

    satisfaction

  8. "Books could be written to demonstrate its evils". Who said this?

    (a)

    Thiruvalluvar

    (b)

    Mahatma Gandhi

    (c)

    Jawaharlal Nehru

    (d)

    Amartya Sen

  9. In Which place Portuguese had traded in India?

    (a)

    Calicut

    (b)

    Mangalore

    (c)

    Goa

    (d)

    Mumbai

  10. How do you term the employment occurring only on a particular season?

    (a)

    Open

    (b)

    Disguised

    (c)

    Seasonal

    (d)

    Rural

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