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11th Standard Economics Indian Economy Before and After Independence English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

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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. Who has given scarcity definition of economic?

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Robertson

  3. Marginal utility is measured by using the formula of

    (a)

    TUn - TUn-1

    (b)

    TUn - TUn+1

    (c)

    TUn + TUn+1

    (d)

    TUn - TUn+1

  4. Gossen's first law is known as

    (a)

    Law of Equi-Marginal Utility

    (b)

    Law of Diminishing Marginal Utility

    (c)

    Law of Demand

    (d)

    Law of Diminishing returns

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

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Ricardo

  6. Indifference curve approach is based on

    (a)

    Ordinal approach

    (b)

    Cardinal approach

    (c)

    Subjective approach

    (d)

    Psychological approach

  7. Increase in demand is caused by

    (a)

    Increase in tax

    (b)

    Higher subsidy

    (c)

    Increase in interest rate

    (d)

    decline in population

  8. In case of relatively more elastic demand the shape of the curve is

    (a)

    Horizontal

    (b)

    Vertical

    (c)

    Steeper

    (d)

    Flatter

  9. Indifference curve was first introduced by

    (a)

    Hicks

    (b)

    Allen

    (c)

    Keynes

    (d)

    Edgeworth

  10. The indifference curve are

    (a)

    vertical

    (b)

    horizontal

    (c)

    positive sloped

    (d)

    negative

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TN 11th Standard Economics free Online practice tests

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