Introduction To Micro-Economics Book Back Questions

11th Standard

    Reg.No. :
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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. _____have exchange value and their ownership rights can be established and exchanged

    (a)

    Goods

    (b)

    Services

    (c)

    Markets

    (d)

    Revenue

  2. Identify the correct characteristics of utility

    (a)

    It is equivalent to 'usefulness'

    (b)

    It has moral significance

    (c)

    It is same as pleasure

    (d)

    It depends upon consumer's mental attitude

  3. Who has given scarcity definition of economic?

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Robertson

  4. The process of reasoning from particular to general is

    (a)

    Deductive method

    (b)

    Inductive method

    (c)

    Positive economics

    (d)

    Normative economics

  5. Total revenue is equal to total output sold multiplied by

    (a)

    Price

    (b)

    Total cost

    (c)

    Marginal revenue

    (d)

    Marginal cost

  6. 3 x 2 = 6
  7. Name any two types of utility.

  8. Define Positive economics

  9. Give the meaning of deductive method

  10. 3 x 3 = 9
  11. What are the important features of utility?

  12. Distinguish between micro economics and macro economics.

  13. Compare positive economics and normative economics.

  14. 2 x 5 = 10
  15. Elaborate the nature and scope of Economics

  16. Explain basic problems of the economy with the help of production possibility curve.

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