11th Public Exam March 2019 Model Test

11th Standard

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Economics

Time : 02:30:00 Hrs
Total Marks : 90
    20 x 1 = 20
  1. Utility means

    (a)

    Equilibrium point at which demand and supply are equal

    (b)

    Want - satisfying capacity of goods and services

    (c)

    Total value of commodity

    (d)

    Desire for goods and services

  2. Who gave welfare definition of economics?

    (a)

    Samuelson

    (b)

    Alfred Marshall

    (c)

    Pigou

    (d)

    Adam Smith

  3. The locus of the points which gives same level of satisfaction is associated with

    (a)

    Indifference Curves

    (b)

    Cardinal Analysis

    (c)

    Law of Demand

    (d)

    Law of Supply

  4. ___________shows various combinations of two products that give the same amount of satisfaction.

    (a)

    Iso cost curve

    (b)

    Indifference curve

    (c)

    Marginal Utility curve

    (d)

    Iso quanct

  5. In a firm 5 units as factors produce 24 units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product

    (a)

    30

    (b)

    6

    (c)

    5

    (d)

    24

  6. Capital and Organisation are the ____________ factors of production.

    (a)

    Primary

    (b)

    Secondary

    (c)

    Tertiary

    (d)

    All of these

  7. Identify the formula of estimating average cost.

    (a)

    AVC/Q

    (b)

    TC/Q

    (c)

    TCV//Q

    (d)

    AFC//Q

  8. Equilibrium condition of a firm is ___________

    (a)

    MC=MR

    (b)

    MC>MR

    (c)

    MC < MR

    (d)

    MR = Price

  9. There is strict barrier for entry of any new firm in_______________.

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  10. Money wages are also known as __________.

    (a)

    Real wages

    (b)

    Nominal wages

    (c)

    Original wages

    (d)

    Transfer wages

  11. Which of the following is non-insurable risks?

    (a)

    Natural disaster

    (b)

    Theft

    (c)

    Fire

    (d)

    Public policy

  12. The advocate of democratic socialism was ______

    (a)

    Jawaharlal Nehru

    (b)

    P.C. Mahalanobis

    (c)

    Dr. Rajendra Prasad

    (d)

    Indira Gandhi

  13. In 1614 Sir Thomas Roe was successful in getting permission from __________

    (a)

    Akbar

    (b)

    Shajakan

    (c)

    Jahangir

    (d)

    Noorjakhan

  14. Steel Authority of India Ltd. (SAIL) was established in the year

    (a)

    1974

    (b)

    1970

    (c)

    1972

    (d)

    1971

  15. Which of the following is the way of privatisation?

    (a)

    Disinvestment

    (b)

    Denationalization

    (c)

    Franchising

    (d)

    All the above

  16. _____ Architect of new economic policy.

    (a)

    Manmohan Sing

    (b)

    Dr. Raj Krishna

    (c)

    Shri. P.V. Narshima Rao

    (d)

    Amartiya Sen

  17. Which feature is identified with rural areas?

    (a)

    Low population density

    (b)

    High population density

    (c)

    Low natural resources

    (d)

    Low human resources

  18. In health index, Tamil Nadu is a head of-----------

    (a)

    Kerala

    (b)

    Punjab

    (c)

    Gujarat

    (d)

    All the above

  19. The total length of the mettur dam is ___ meters.

    (a)

    1600 m

    (b)

    1700 m

    (c)

    1800 m

    (d)

    1500 m

  20. Integration is the reverse process of

    (a)

    Difference

    (b)

    Mixing

    (c)

    Amalgamation

    (d)

    Differentiation

  21. 7 x 2 = 14
  22. What is meant by Economics?

  23. What are the properties of iso-quant curve?

  24. Give the definition for 'Real cost'.

  25. Why the transport cost is nil under Perfect Competition?

  26. Give short note on Sen's "Poverty and Inequality"

  27. What is the difference between RDI and PQLI?

  28. Mention few characteristics of SEZ..

  29. Define Cottage Industry.

  30. Explain the Hydel Energy in Tamil Nadu.

  31. Find the average cost function where TC = 60 + 10x + 15x2.

  32. 7 x 3 = 21
  33. Compare positive economics and normative economics.

  34. Explain ordinal utility approach.

  35. What are the factors governing elasticity of supply?

  36. State the relationship between AC and MC.

  37. What are the conditions of price discrimination?

  38. Distinguish between rent and quasi-rent.

  39. How are the energy sources classified? Explain.

  40. Write any three objectives of Industrial Policy 1991.

  41. How does the liberalization helped in the recovery of Indian Economy?

  42. What is need for study the mathematics economics?

  43. 7 x 5 = 35
  44. Explain various divisions of Economics.

  45. State the various kinds of Goods.

  46. What are the methods of measuring elasticity demand?

  47. Describe the law of supply in details.

  48. Explain the meaning of Fixed and Variable factors and costs.

  49. Explain price and output determination under monopolistic competition with help of the diagram.

  50. Explain the Agio theory of Interest.

  51. Describe the social Infrastructure.

  52. Explain the role of SSIs in economic develop met.

  53. Give an account of the Monetary and Financial sector reforms.

  54. Discuss the problems of Rural Economy.

  55. Describe the various types of industries in Tamil Nadu. The Government is promoting industrial parks like Rubber Park, Apparel Park, Floriculture Park, TICEL Park for Biotechnology, Siruseri IT Park and Agro Zones. Tamil Nadu has a network of about 110 industrial parks/estates that offer developed plots with supporting infrastructure.

  56. Find the solution of the equation system.
    7x1 - x2 -x3 = 0
    10x1 - 2x2 +x3 = 8
    6x1 + 3x2 - 2x3 = 7

  57. Explain the steps involved in making presentation using the software 'Microsoft Powerpoint'.

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