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11th Standard Economics Production Analysis English Medium Free Online Test One Mark Questions with Answer Key 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. Which factor is called the changing agent of the Society

    (a)

    Labourer

    (b)

    Land

    (c)

    Organizer

    (d)

    Capital

  2. The relationship between the price of a commodity and the supply of commodity is

    (a)

    Negative

    (b)

    Positive

    (c)

    Zero

    (d)

    Increase

  3. _______________is the other name given for factor of production.

    (a)

    Inputs

    (b)

    Outputs

    (c)

    Exertion

    (d)

    Formation

  4. ________________ represent Human capital.

    (a)

    Money

    (b)

    Efficiency

    (c)

    Hard work

    (d)

    All the above

  5. Accumulation of more and more physical capital is called ________________

    (a)

    Physical capital formation

    (b)

    Money capital

    (c)

    Labour and capital

    (d)

    Human capital

  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. ________________ cannot be separated from labourer.

    (a)

    Labour

    (b)

    Organisation

    (c)

    Time

    (d)

    Money

  8. _______________ attract new customers.

    (a)

    Producer

    (b)

    Labour

    (c)

    Successful entrepreneur

    (d)

    None of these

  9. _____________ creates utility.

    (a)

    Consumption

    (b)

    Production

    (c)

    Distribution

    (d)

    Exchange

  10. Production is the result of co-operation of _______________ factors of production.

    (a)

    One

    (b)

    Two

    (c)

    Three

    (d)

    Four

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