#### 11th Public Model Exam March 2019

11th Standard

Reg.No. :
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Economics

Time : 02:30:00 Hrs
Total Marks : 90
20 x 1 = 20
1. The basic problem studying in Economics is

(a)

Unlimited wants

(b)

Unlimited means

(c)

Scarcity

(d)

Strategy to meet all our wants

2. Who gave welfare definition of economics?

(a)

Samuelson

(b)

Alfred Marshall

(c)

Pigou

(d)

3. Increase in demand is caused by

(a)

Increase in tax

(b)

Higher subsidy

(c)

Increase in interest rate

(d)

decline in population

4. The Economist, who was the first to formulate the law of Diminishing Marginal Utility in Economics, is _______

(a)

H.H.Gossen

(b)

R.GD. Allen

(c)

J.R. Hicks

(d)

John S. Mill

5. Which of the following is not a characteristic of land?

(a)

Its limited supply

(b)

Its is mobile

(c)

Heterogeneous

(d)

6. MPn= _________.

(a)

TPn-TPn-1

(b)

TCn-TCn-1

(c)

$\frac { TP }{ Q }$

(d)

TUn-TUn-1

7. Money cost is also known as _____ cost.

(a)

explicit

(b)

implicit

(c)

social

(d)

real

8. In which market form does, an absence of competition prevail?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

9. On the basis of regulation the market can be classified as ..................

(a)

spot market

(b)

future market

(c)

both (a) and (b)

(d)

none of these

10. According to the Loanable Funds Theory, supply of loanable funds is equal to _________.

(a)

S + BC + DH + DI

(b)

I + DS + DH + BM

(c)

S + DS + BM + DI

(d)

S + BM + DH + DS

11. Gross Profit - Implicit Cost.

(a)

Net Profit

(b)

Gross Profit

(c)

Normal Profit

(d)

Super Normal Profit

12. The number of births per thousand population is called as _____

(a)

Crude death rate

(b)

Mortality rate

(c)

Morbidity rate

(d)

Crude birth rate

13. According to HDR (2016), India ranked __ out of 188 countries.

(a)

130

(b)

131

(c)

135

(d)

145

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

(a)

1974

(b)

1970

(c)

1972

(d)

1971

15. The farmers have access to credit under Kisan credit card scheme through the following except___

(a)

Co operative banks

(b)

RRBs

(c)

Public sector banks

(d)

Private banks

16. India Shares______ percent of the total world population

(a)

17.5

(b)

20.5

(c)

35.6

(d)

10.5

17. Indicate the cause for rural poverty ____________

(a)

Lack of non - farm employment

(b)

High employment

(c)

Low inflation rate

(d)

High investment

18. In literacy rate, TN ranks

(a)

second

(b)

fourth

(c)

sixth

(d)

eighth

19. ____ is one of the largest dam in India.

(a)

Puzhal Dam

(b)

Sathanur Dam

(c)

Periyar Dam

(d)

Mettur Dam

20. The first person used the mathematics in Economic is

(a)

Sir William Petty

(b)

Giovanni Ceva

(c)

(d)

Irving Fisher

21. 7 x 2 = 14
22. What are goods?

23. What is meant by division of labour?

24. Define cost function.

25. What do you mean by very short period market or market period?

26. Explain density of population.

27. List out the weaknesses on Green Revolution.

28. State the meaning of Privatization.

29. State any two factors hindering Rural Electrification in India

30. What are the major agricultural products produced in Tamilnadu?

31. The demand function is given by x=20-2p-p2 where p and x are the price and the quantity respectively
Find the elasticity of demand for p = 2.5

32. 7 x 3 = 21
33. Explain the scarcity definition of Economics and assess it.

34. Distinguish between total and marginal utility.

35. What are the functions of Entrepreneur?

36. State the differences between money cost and real cost.

37. Bring out the features of Monopolistic competition.

38. Briefly explain the Subsistences Theory of Wages.

39. Write short note on health care services in India?

40. Elucidate the different types of land tenure system in colonial India.

41. Explain Fiscal Reforms taken by the Government of India.

42. Solve the equation x + 2y + 5z = 23; 3x + y + 4z = 26; 6x + y + 7z = 47 by determinant method.

43. 7 x 5 = 35
1. Compare and contrast various definitions of Economics.

2. State and explain the Growth definition given by Paul Samuelson.

1. Explain the law of Equi - marginal utility

2. Explain the Law of supply with a suitable diagram?

1. Bring out the relationship among TR, AR, MR curves and elasticity of demand.

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

1. Write a note on Uncertainty Bearing Theory of Profit.

2. Explain the contributions of VKRV Rao to the Indian economy.

1. Discuss about the Indian Economy during British Period.

2. Describe the Agrarian Crisis after Reforms?

1. Analyses the causes for Rural Indebtedness.

2. Write a short note on
a) Leather b) Electronis c) Auto motives

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

2. What are the standard forms of differentiation?