#### +1 Second Revision Test Answer

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. 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

(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)

(b)

(c)

(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.