New ! Economics MCQ Practise Tests

11th Standard Economics Introduction to Micro-Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

    Answer all the questions

    10 x 1 = 10
  1. The basic problem studied in Economics is

    (a)

    Unlimited wants

    (b)

    Unlimited means

    (c)

    Scarcity

    (d)

    Strategy to meet all our wants

  2. "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

  3. Economics is a science" the basis of this statement is

    (a)

    Relation between cause and effect

    (b)

    Use of dedective method and inductive method for the formations of laws

    (c)

    Experiments

    (d)

    All of the above

  4. A market is

    (a)

    Only a place to buy things

    (b)

    Only a place to sell things

    (c)

    Only a place where prices adjust

    (d)

    A system where persons buy and sell goods directly or indirectly

  5. 'Nomos' means

    (a)

    Polite

    (b)

    Management

    (c)

    Household

    (d)

    None of these

  6. "Economics as the science of wealth" - It is the statement of

    (a)

    Adam Smith

    (b)

    Lionel Robbins

    (c)

    Alfred Marshall

    (d)

    Samuelson

  7. The concept of net economic welfare has been given by

    (a)

    Samuelson

    (b)

    Marshall

    (c)

    Adam smith

    (d)

    Lionel Robbins

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

    (a)

    Alfred Marshall

    (b)

    Karl Marx

    (c)

    Keynes

    (d)

    Adam smith

  9. Macro Economics means

    (a)

    The theory as a whole

    (b)

    Different sector of a country

    (c)

    The study of individual economic behaviour

    (d)

    None of the above

  10. Exchange of goods for goods is known as

    (a)

    Trade

    (b)

    Business

    (c)

    Money

    (d)

    Barter

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

TN 11th Standard Economics free Online practice tests

Reviews & Comments about 11th Standard Economics Introduction to Micro-Economics English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

Write your Comment