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#### +1 Public Official Model Question 2019

11th Standard

Reg.No. :
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Economics

Time : 02:30:00 Hrs
Total Marks : 90
20 x 1 = 20
1. The equilibrium price is the price at which

(a)

Everything is sold

(b)

Buyers spend their money

(c)

Quantity demanded equals quantity supplied

(d)

Exess demand is zero

2. Utility is a

(a)

Scientific concept

(b)

Ethical concept

(c)

Moral concept

(d)

Subjective and Psychological concept

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. _____ does Px denotes.

(a)

Demand of a commodity

(b)

Quantity of the demand

(c)

Price of a commodity

(d)

All the above

5. Which factor is called the changing agent of the Society

(a)

Labourer

(b)

Land

(c)

Organizer

(d)

Capital

6. The man behind organizing the business called as ______________

(a)

Organizer

(b)

Entrepreneur

(c)

Both (a) and (b)

(d)

None of these

7. Long run average cost curve is also called as _____ curve.

(a)

demand

(b)

planning

(c)

production

(d)

sales

8. Price discrimination will always lead to

(a)

Increase in output

(b)

Increase in profit

(c)

Different prices

(d)

'b' and 'c'

9. Different prices are changed for different individuals in ______ price discrimination.

(a)

Personal

(b)

Geographical

(c)

On the basis of use

(d)

All of these

10. Loanable Funds Theory of Interest is called as ___________.

(a)

Classical Theory

(b)

Modern Theory

(c)

(d)

Neo-Clasical Theory

11. Gross Profit - Implicit Cost.

(a)

Net Profit

(b)

Gross Profit

(c)

Normal Profit

(d)

Super Normal Profit

12. Who introduced the National Development Council in India?

(a)

Ambedkar

(b)

Jawaharlal Nehru

(c)

(d)

V.K.R. V. Rao

13. The objective of the Industrial policy 1956 was ______

(a)

Develop heavy Industries

(b)

Develop agricultural sector only

(c)

Develop private sector only

(d)

Develop cottage industries only

14. The East Indian Company had captured political power to secure maximum goods for __________

(a)

Maximum payment

(b)

Minimum payment

(c)

Normal payment

(d)

None of these

15. The recommendation of Narashimham Committee Report was submitted in the year____

(a)

1990

(b)

1991

(c)

1995

(d)

2000

16. In the pre-Iiberalisation period__________.

(a)

full support was given to private sector in all industries

(b)

industries were reserved exclusively for public sector

(c)

Both (a) and (b)

(d)

Neither (a) nor (b)

17. In which year, Regional Rural Banks came into existence?

(a)

1965

(b)

1970

(c)

1975

(d)

1980

18. In health index, Tamil Nadu is a head of-----------

(a)

Kerala

(b)

Punjab

(c)

Gujarat

(d)

All the above

19. Thoothukudi is known as -----------

(a)

Gateway of Tamil Nadu

(b)

Gateway of India

(c)

Gateway of Kerala

(d)

Gateway of Andhra Pradesh

20. If x + = 5 and x-y = 3 then value of x

(a)

4

(b)

3

(c)

16

(d)

8

21. 7 x 2 = 14
22. Give the meaning of deductive method

23. Define - "Capital".

24. Define cost.

25. What is duopoly?

26. What are Renewable Resources?

27. Name out the different types of land tenure existed in India before Independence

28. What is Industrial delicensing?

29. What do you mean by Micro Finance?

30. Thoothuudi is known as"Gateway of Tamil Nadu" - Why?

31. If y=4, then find $\frac { dy }{ dx }$

32. 7 x 3 = 21
33. What are the crucial decisions involving What is produced?

34. Describe the features of human wants.

35. What are the functions of Entrepreneur?

36. Write a short note on Marginal Revenue.

37. Briefly explain the monopolistic competition.

38. Describe briefly the Innovation Theory of Profit.

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

40. State the reasons for nationalization of commercial banks.

41. Discuss the arguments against LPG

42. Differentiate the function $Y={ 5x }^{ 4 }+{ 3x }^{ 3 }$ with respect to x.

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

45. Explain the different types of utility.

46. Explain the law of Equi - marginal utility

47. Explain the types of elasticity supply with the help of diagram.

48. If the total cost = 100 + Q3, find out AVC, AC, TFC,AFC and TVC when Q = 10.

49. Illustrate price and output determination under Monopoly.

50. Explain the Agio theory of Interest.

51. What are the weaknesses of Indian Economy?

52. Explain the role of SSIs in economic develop met.

53. Elucidate the monetary and financial sector reforms?

54. 'The features of Rural Economy are peculiar'- Argue.

55. Describe the various types of industries in Tamil Nadu. The Government is promoting industrial parks like Rubber Park, Apparel Park, Floriculture Park, TICEL Park for Biotechnology, Siruseri IT Park and Agro Zones. Tamil Nadu has a network of about 110 industrial parks/estates that offer developed plots with supporting infrastructure.

56. A manufacturer estimates that, when units of a commodity are produced each month the total costs will be TC(Q) = 128 + 60Q + 8Q2.·Find the marginal cost, average cost, fixed cost, variable cost, average fixed cost and average variable cost.

57. A producer has the total cost function TC(Q)=$2Q^{ 3 }+{ 8Q }^{ 2 }+12Q+20$ where costs are given in rupees. Find the marginal cost (MC) and the average variable cost (AVC), when Q=4.