New ! Economics MCQ Practise Tests

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

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

    Answer all the questions

    10 x 1 = 10
  1. "Economics studies human behaviour as a relationship between ends and scarce means which have alternative uses" is the definition of economics of

    (a)

    Lionel Robbins

    (b)

    Adam Smith

    (c)

    Alfred Marshall

    (d)

    Paul A Samuelson

  2. ________are transferable

    (a)

    Goods

    (b)

    Products

    (c)

    Commodities

    (d)

    All of these

  3. Who is considered as the father of scientific socialism ?

    (a)

    Alfred Marshall

    (b)

    Karl Marx

    (c)

    Keynes

    (d)

    Adam smith

  4. Demand theory, supply theory etc have been derived based on_______________.

    (a)

    inductive method

    (b)

    deductive method

    (c)

    both (a) and (b)

    (d)

    neither (a) nor (b)

  5. Given potential price is Rs. 250 and the actual price is Rs. 200. find the consumer surplus.

    (a)

    375

    (b)

    175

    (c)

    200

    (d)

    50

  6. The technical relationship that obtains between inputs and outputs is known as

    (a)

    Factors of production

    (b)

    Production function

    (c)

    Entrepreneurial function

    (d)

    None of these

  7. Production function________

    (a)

    Hawlay

    (b)

    Cobb-Donglas

    (c)

    Marshall

    (d)

    None

  8. When marginal product is positive, the total product______________.

    (a)

    decreases

    (b)

    increases

    (c)

    remains constant

    (d)

    is not affected

  9. The nature of product in monopoly is_____________.

    (a)

    Homogeneous

    (b)

    Unique

    (c)

    Differentiated

    (d)

    Heterogeneous

  10. Profit is the reward for

    (a)

    Land

    (b)

    Organization

    (c)

    Capital

    (d)

    Labour

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

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 Three

Write your Comment