+1 Second Revision Test Answer

11th Standard

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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. Economics according to the Lionel Robbins is a___________ science.

    (a)

    normative

    (b)

    applied

    (c)

    positive

    (d)

    experimental

  3. Pick the odd one out

    (a)

    Luxuries

    (b)

    Comforts

    (c)

    Necessaries

    (d)

    Agricultural goods

  4. Human wants are classified in to

    (a)

    Necessaries and Laxuries

    (b)

    Luxuries and comforts

    (c)

    Necessaries and comforts

    (d)

    Necessaries and Luxuries

  5. The short-run production is studied through

    (a)

    The Law of Returns to scale

    (b)

    The Law of Variable Proportions

    (c)

    ISO - quants

    (d)

    Law of Demand

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

    (a)

    Inputs

    (b)

    Outputs

    (c)

    Exertion

    (d)

    Formation

  7. Marginal revenue is the addition made to the

    (a)

    total sales

    (b)

    total revenue

    (c)

    total production

    (d)

    total cost

  8. In monopoly, MR curve lies below ____________

    (a)

    TR

    (b)

    MR

    (c)

    AR

    (d)

    AC

  9. _______ is also called as international price discrimination.

    (a)

    Oligopoly

    (b)

    Dumping

    (c)

    Duopoly

    (d)

    Monopoly

  10. Theory of distribution is popularly known as________.

    (a)

    Theory of product-pricing

    (b)

    Theory of factor - pricing

    (c)

    Theory of wages

    (d)

    Theory of interest

  11. People to hold cash for the current transaction (or) day-to-day expenses.

    (a)

    Speculative Motive

    (b)

    Precautionary Motive

    (c)

    Both

    (d)

    Transaction Motive

  12. The position of Indian Economy among the other strongest economies in the world is ______

    (a)

    Fourth

    (b)

    Sixth

    (c)

    Fifth

    (d)

    Tenth

  13. First World War started in the year __ .

    (a)

    1914

    (b)

    1814

    (c)

    1941

    (d)

    1841

  14. Mahalwari System was introduced in ______

    (a)

    1820

    (b)

    1800

    (c)

    1993

    (d)

    1793

  15. The Arguments against LPG is_____

    (a)

    Economic growth

    (b)

    More investment

    (c)

    Disparities among people and regions

    (d)

    Modernization

  16. CENVAT stands for________________.

    (a)

    Common Entity Value Added Tax

    (b)

    Corporate Entities Value Added Tax

    (c)

    Central Value Added Tax

    (d)

    None of these

  17. Identify the year in which National Rural Health Mission was launched

    (a)

    2000

    (b)

    2005

    (c)

    2010

    (d)

    2015

  18. Which of the following is wrongly matched?

    (a)

    Gateway of Tamil Nadu - Thoothukudi

    (b)

    Home textile city - Erode

    (c)

    Steel city - Salem

    (d)

    Pump city - Coimbatore

  19. __________________Port handles all the Coal and Ore traffic in Tamil Nadu.

    (a)

    Ennore

    (b)

    Nagapattinam

    (c)

    Tuticorin

    (d)

    Chennai

  20. State of rest is a point termed as

    (a)

    Equilibrium

    (b)

    Non-Equilibrium

    (c)

    Minimum point

    (d)

    Maximum point

  21. 7x 2 = 14
  22. Name any two types of utility.

  23. What is land ?

  24. Give the definition for 'Real cost'.

  25. What is 'Bilateral Monopoly'?

  26. Define Density of Population ?

  27. State the features that distinguish a land tenure system from other system.

  28. State the various components of Central sector schemes under post-harvest measures.

  29. Define open unemployment

  30. Write a note on population in Tamil Nadu.

  31. Integrate: \(\int { 4{ \quad x }^{ 3 } } dx\)

  32. 7 x 3 = 21
  33. What are the important features of utility?

  34. Explain the different types of Elasticity of Demand.

  35. Bring out the relationship among Total, Average and Marginal Products.

  36. State the relationship between AC and MC.

  37. What are the important features of monopolistic competition?

  38. Distinguish between rent and quasi-rent.

  39. Trace the development of Health care in India.

  40. Give a note a Twelfth Five Year Plan.

  41. Explain SEZ ?

  42. Explain Microsoft office Excel?

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

    2. Explain the different methods of Economics and their steps.

    1. What are the methods of measuring elasticity demand?

    2. Explain briefly the Iso-cost Line with the help of a diagram?

    1. Explain briefly total cost with a suitable diagram.

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

    1. What are the different kinds of profit?

    2. Explain the contribution of Amartya Kumar Sen towards the Economic development.

    1. Describe the performance of five year plans in India.

    2. Explain about Agrarian Crisis after reforms.

    1. Analyses the causes for Rural Indebtedness.

    2. Explain about Banking network in Tamil Nadu

    1. What are the ideas of information and communication technology used in economics?

    2. Mr. Sivanesan purchased 5 apples, 6' mangoes and 10 bananas. Mr Subbu purchased 6 apples, 8 mangoes and 15 bananas. Mr. Rajan purchased 2 apples, 2 mangoes and 8 bananas. They spent Rs.100, Rs.130 and Rs.46 respectively. Find the price of an apple, a mango and a banana.

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