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

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. Normative Science is concerned with_______________.

    (a)

    Wealth

    (b)

    human wants

    (c)

    what ought to be

    (d)

    how? and why

  3. An ISO - quant curve is also known as

    (a)

    Inelastic Supply Curve

    (b)

    Inelastic Demand Curve

    (c)

    Equi Marginal Utility

    (d)

    Equal Product Curve

  4. Explicit costs are termed as

    (a)

    out of pocket expenses

    (b)

    real cost

    (c)

    social cost

    (d)

    sunk cost

  5. When price remains constant. AR will be _____ MR.

    (a)

    equal to

    (b)

    greater than

    (c)

    less than

    (d)

    not related to

  6. Theory of distribution is popularly known as________.

    (a)

    Theory of product-pricing

    (b)

    Theory of factor - pricing

    (c)

    Theory of wages

    (d)

    Theory of interest

  7. The First Paper Mill was set up in 1812 at Serampur in ________________

    (a)

    Uttarpradesh

    (b)

    Mumbai

    (c)

    West Bengal

    (d)

    Assam

  8. The new Industrial policy on july 24,_______________ ?

    (a)

    1993

    (b)

    1991

    (c)

    1995

    (d)

    1996

  9. At present, Tamil Nadu is the India's second-biggest producer of rice, next only to

    (a)

    Punjab

    (b)

    Andhra Pradesh

    (c)

    Karnataka

    (d)

    West Bengal

  10. The elasticity of demand is the ratio of ______

    (a)

    Marginal demand function and Revenue function

    (b)

    Marginal demand function to Average demand function

    (c)

    Fixed and Variable revenues

    (d)

    Marginal Demand function and Total demand function

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