Half yearly model question paper - Economics

11th Standard

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Economics

Do not write anything on question paper.

Time : 02:30:00 Hrs
Total Marks : 90

    Part A

    Choose the correct answer.

    20 x 1 = 20
  1. Which of the following is a micro economics statement?

    (a)

    The real domestic output increased by 2.5 percent last year

    (b)

    Unemployment was 9.8 percent of the labour force last year

    (c)

    The price of wheat determines its demand

    (d)

    The general price level increased by 4 percent last year

  2. Capital goods also called as_____good

    (a)

    Consumer

    (b)

    Producer's

    (c)

    Free goods

    (d)

    None of these

  3. Gossen's first law is known as

    (a)

    Law of Equi-Marginal Utility

    (b)

    Law of Diminishing Marginal Utility

    (c)

    Law of Demand

    (d)

    Law of Diminishing returns

  4. The foundation for various other economic law is ____

    (a)

    Law of diminishing marginal utility

    (b)

    Law of equi-marginal utility

    (c)

    Consumer surplus

    (d)

    None of these

  5. Formula for calculating AP is

    (a)

    \(\frac { \Delta TP }{ N } \)

    (b)

    \(\frac { \Delta TP }{ \Delta N } \)

    (c)

    \(\frac { TP }{ MP } \)

    (d)

    \(\frac { TP }{ N } \)

  6. Production means overall increase in the creation of _____________

    (a)

    Exchange

    (b)

    Distribution

    (c)

    Utility

    (d)

    Demand

  7. Money cost is also known as _____ cost.

    (a)

    explicit

    (b)

    implicit

    (c)

    social

    (d)

    real

  8. A shop keeper sold 20 bags with the price of Rs. 100 each. The total revenue of the seller is Rs.

    (a)

    200

    (b)

    20

    (c)

    2000

    (d)

    1500

  9. In which of the following is not a type of market structure price will be very high?

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Duopoly

    (d)

    Oligopoly

  10. Rent is the reward for the use of _________.

    (a)

    Capital

    (b)

    Labour

    (c)

    Land

    (d)

    Organization

  11. Higher the risks, the greater are the ________.

    (a)

    Loss

    (b)

    Subsidy

    (c)

    profit

    (d)

    None of these

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

    (a)

    Fourth

    (b)

    Sixth

    (c)

    Fifth

    (d)

    Tenth

  13. The power for governance of lndia was transferred from the East India Company (EIC) to the British crown in ___________.

    (a)

    1758

    (b)

    1858

    (c)

    1958

    (d)

    1658

  14. Annual plans formed in the year __ .

    (a)

    1989 - 1991

    (b)

    1990 - 1992

    (c)

    2000 - 2001

    (d)

    1981 - 1983

  15. Expansion of FDI____

    (a)

    Foreign Private Investment

    (b)

    Foreign Portfolio

    (c)

    Foreign Direct Investment

    (d)

    Forex Private Investment

  16. The Raja Chelliah Committee on Trade Policy Reforms suggested the peak rate on import duties at____.

    (a)

    25%

    (b)

    50%

    (c)

    60%

    (d)

    100%

  17. How do you term people employed in excess over and above the requirements?

    (a)

    Unemployment

    (b)

    Underemployment or Disguised Unemployment

    (c)

    Full employment

    (d)

    Self employment

  18. What is the other name for concealed unemployment?

    (a)

    Open

    (b)

    Disguised

    (c)

    Seasonal

    (d)

    Rural

  19. The main source of irrigation in Tamil Nadu is ------------

    (a)

    river

    (b)

    tank

    (c)

    well

    (d)

    canals

  20. Which Union Territory has the highest sex ratio?

    (a)

    Chandigarh

    (b)

    Pondicherry

    (c)

    Lakshadeep

    (d)

    Andaman Nicobar

  21. Part B

    Answer any Seven in which question no. 30 is compulsory.

    7 x 2 = 14
  22. Distinguish goods from services

  23. Write the formula of consumers surplus?

  24. What is ISO- cost line?

  25. Give the definition for 'Real cost'.

  26. Distinguish between real and money wages.

  27. What are the objectives of Tenth five year plan?

  28. State the reasons for implementing LPG.

  29. What was called as PURA by former President Abdul Kalam

  30. Mention any four food crops which are favourable to Tamil Nadu

  31. What is price discrimination?

  32. Part C

    Answer any Seven in which question no. 40 is compulsory.

    7 x 3 = 21
  33. Explain the theory of "Consumer's surplus"

  34. Explain briefly characteristics of Demand?

  35. Write a short note on Marginal Revenue.

  36. Explain 'Monopsony'

  37. Write the V.K.R.V. Rao's contribution on multiplier concept.

  38. How are the energy sources classified? Explain.

  39. Write any three objectives of Industrial Policy 1991.

  40. Explain the Planning Commission's National Human Development Reports 2011 and 2016.

  41. List out the objectives of MUDRA Bank

  42. Explain GSDP in Tamil Nadu

  43. Part D 

    Answer all the questions

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

    2. Explain the law of Equi - marginal utility

    1. Changes in Tastes and fashions the demand for some goods and services is very suscrptible to change in tastes and fashions?

    2. Elucidate the Laws of Returns to scale. lliustrate.

    1. If total cost = 10+ Q3, find out AC, AVC, TFC, AFC when Q = 5.

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

    1. Illustrate price and output determination under Monopoly.

    2. Elucidate the Loanable Funds Theory of Interest.

    1. What are the assumptions of the Marginal Productivity 'Theory of Distribution?

    2. Write the importance of mineral resources in India.

    1. Explain the objectives of nationalization of commercial banks.

    2. Describe the salient features of EXIM policy (2015 - 2020)

    1. Discuss the problems of Rural Economy.

    2. Explain the various sources of energy in Tamil Nadu.

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