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11th Standard Economics Introduction to Micro-Economics 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 is a study of mankind in the ordinary business of life - It is the statement of

    (a)

    Adam Smith

    (b)

    Lionel Robbins

    (c)

    Alfred Marshall

    (d)

    Samuelson

  2. Macro means

    (a)

    Tiny

    (b)

    Small

    (c)

    Large

    (d)

    None of these

  3. What is the name for money Income.

    (a)

    Nominal Income

    (b)

    Real Income

    (c)

    Both

    (d)

    None

  4. Economic is a ___________ .

    (a)

    Social science

    (b)

    Moral science

    (c)

    Natural science

    (d)

    Physical science

  5. According to Adam Smith "Economics as the science of "

    (a)

    Wealth

    (b)

    Welfare

    (c)

    Scarcity

    (d)

    Growth

  6. Economics is a science.

    (a)

    Social

    (b)

    Political

    (c)

    Environmental

    (d)

    Developmental

  7. Author of "An Essay on the Nature and Significance of Economic Science".

    (a)

    Adam smith

    (b)

    Marshall

    (c)

    J.M. Keynes

    (d)

    Lionel Robbins

  8. The scarcity of a commodity is only in relation to its

    (a)

    Supply

    (b)

    Demand

    (c)

    Choice

    (d)

    None

  9. Lionel Robbins definition does not cover the theory of ______.

    (a)

    National Income

    (b)

    Welfare

    (c)

    Growth & development

    (d)

    Income and Employment

  10. __________ are transferable and value in exchange.

    (a)

    Trade

    (b)

    Goods

    (c)

    Business

    (d)

    None

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