In this question paper, it covers the one mark questions from the chapter

Introduction To Micro-Economics
Consumption Analysis
Production Analysis
Cost and Revenue Analysis
Market Structure and Pricing
Distribution Analysis
Indian Economy
Indian Economy Before and After Independence
Development Experiences in India
Rural Economics
Tamilnadu Economy
Mathematical Methods for Economics

Download Tamil Nadu 11th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions:

Multiple Choice Question

75 x 1 = 75

_________ leads to reduction in the cost and bring profit to an entrepreneur.

(a)

Risk

(b)

Innovation

(c)

Change

(d)

Uncertainty

In a matrix, if the number of rows and columns are equal, it is called________ matrix.

(a)

null

(b)

identity

(c)

singular

(d)

square

In which year the MRTP Act was passed?

(a)

1965

(b)

1969

(c)

1962

(d)

1960

In population Tamil Nadu ranks

(a)

Second

(b)

Fifth

(c)

Sixth

(d)

Fourth

A firm under monopoly faces a _______ sloping demand curve.

(a)

Upward

(b)

Downward

(c)

"U" shape

(d)

Vertical

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

(a)

1974

(b)

1970

(c)

1972

(d)

1971

MC curve always cuts AC in its ____________ point from below.

(a)

maximum

(b)

minimum

(c)

zero

(d)

none

Around_______________ of the people in India depend upon agriculture for thier livelihood.

(a)

60%

(b)

60.5%

(c)

55.5%

(d)

50%

The scarcity of a commodity is only in relation to its

(a)

Supply

(b)

Demand

(c)

Choice

(d)

None

10.

"Consumption is the sole end and object of economic activity" defined by

(a)

J.M. Keynes

(b)

Marshall

(c)

Jevons

(d)

J.R.Hicks

11.

FDI is a

(a)

Foreign Direct Investment

(b)

Food Development Investment

(c)

Foreign Domestic Investment

(d)

None

12.

Organization is done by.

(a)

J.M.Keynes

(b)

Entrepreneur

(c)

Profit

(d)

Labour

13.

Giffen goods are classified in to ________and___________ goods.

(a)

Superior

(b)

Inferior

(c)

Both (a) and (b)

(d)

None of the above

14.

Production refers to

(a)

Destruction of utility

(b)

Creation of utility

(c)

Exchange value

(d)

None

15.

The book "An essay on the Nature and significance of economic science" writen by.

(a)

Samuelson

(b)

Lional Robbins

(c)

Adam Smith

(d)

Marshall

16.

Macro Economics is concerned with

(a)

The theory as a whole

(b)

Different sectors of an economy

(c)

The Study of individual economic behaviour

(d)

The interactions within the entire economy

17.

The aim of Securities and Exchange Board India is__________

(a)

To protect consumers

(b)

To protect people

(c)

To promote weaker sections

(d)

To protect the interest of investors

18.

Example for cash crops __

(a)

Sugarcane

(b)

Cotton and Jute

(c)

Oil seeds and potatoes

(d)

All of these

19.

The intersection of rows and columns is termed as ______

(a)

Table

(b)

Bar

(c)

Cell

(d)

Square

20.

Formula for calculating consumer surplus ______

(a)

Q_d = Q_s

(b)

\(n_0{-P\over x}{dx\over dp}\)

(c)

\(CS=\left[\int_0^{x0}(x)dx \right]-xopo\)

(d)

\(P_S=xopo-\int_0^{xo}g(x)dx\)

21.

Human wants are classified in to

(a)

Necessaries and Luxuries

(b)

Luxuries and comforts

(c)

Necessaries and comforts

(d)

Necessaries and Luxuries

22.

__ is a powerful factor that influence demand.

(a)

Expenses

(b)

Price

(c)

Income

(d)

Commodity

23.

The indifference curve are

(a)

vertical

(b)

horizontal

(c)

positive sloped

(d)

Negatively sloped

24.

_____ of the following constitute 'demand' in economics

(a)

A desire to buy

(b)

A decision to buy

(c)

The purchasing power

(d)

All the above

25.

The concept of consumer's surplus was introduced by ____

(a)

Alfred Marshall

(b)

J.R. Hicks

(c)

A.C. Pigon

(d)

J.K. Easthan

26.

___________ is the backbone of India.

(a)

Industry

(b)

Agriculture

(c)

Mining

(d)

Manufacturing

27.

___________ are inter related problems of an economy.

(a)

Unemployment

(b)

Poverty

(c)

Inequality

(d)

All the above

28.

A consumer is in equilibrium when marginal utilities from two goods are

(a)

Minimum

(b)

Inverse

(c)

Equal

(d)

Increasing

29.

The basis for the law of demand is related to

(a)

Law of Diminishing Marginal Utility

(b)

Law of Supply

(c)

Law of Equi-Marginal Utility

(d)

Gossen's Law

30.

Choice is always constrained or limited by the _______ of our resources.

(a)

Scarcity

(b)

Supply

(c)

Demand

(d)

Abundance

31.

Wages are divided into ___________ types.

(a)

One

(b)

Two

(c)

Three

(d)

Four

32.

Land is subject to _____________

(a)

Law of Demand

(b)

Law of Variable Proportion

(c)

Law of Diminishing Returns

(d)

Law of Returns to Scale

33.

VMP= ____________.

(a)

MPP + Price

(b)

MPP x Price

(c)

MPP + Price

(d)

MPP - Price

34.

Education and training given to labour is _____________

(a)

money capital

(b)

human capital

(c)

physical capital

(d)

none of the these

35.

________ tyre manufacturer is located in Chennai and Perambalur.

(a)

MRF

(b)

TVS

(c)

Sri Chakra

(d)

TRW Rane

36.

These are _____ degrees of price discrimination.

(a)

One degree

(b)

Two degrees

(c)

Three degrees

(d)

Four degrees

37.

Very short period is also called ________ period

(a)

Long Period

(b)

Short Period

(c)

Market Period

(d)

None of these

38.

______means using up of goods and services

(a)

Production

(b)

Consumption

(c)

Distribution

(d)

Exchange

39.

Give an example for Renewable Resources _______

(a)

Forests

(b)

Wild life

(c)

Biomass

(d)

Hydro energies

(e)

All the above.

40.

AC =

(a)

AFC-AVC

(b)

AFC+AVC

(c)

AFC x AVC

(d)

AFC/AVC

41.

________are transferable

(a)

Goods

(b)

Products

(c)

Commodities

(d)

All of these

42.

'Nomos' means

(a)

Police

(b)

Management

(c)

Household

(d)

None of these

43.

______prices estimated by the Indian council of Agricultural Research.

(a)

Wholesale

(b)

Retail

(c)

Market

(d)

All the above

44.

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

(a)

200

(b)

(c)

2000

(d)

1500

45.

Annual plans formed in the year _________ .

(a)

1989 - 1991

(b)

1990 - 1992

(c)

2000 - 2001

(d)

1981 - 1983

46.

_____ is the most densely populated state in the country.

(a)

Uttar Pradesh

(b)

Andhra Pradesh

(c)

Bihar

(d)

Kerala

47.

Natural resources are _____

(a)

Renewable resources

(b)

Non renewable resources

(c)

Land resources

(d)

All the above

48.

Identify the feature of rural economy.

(a)

Dependence on agriculture

(b)

High population density

(c)

Low level of population

(d)

Low level of inequality

49.

The father of Green Revolution in India was __________

(a)

M.S. Swaminathan

(b)

Gandhi

(c)

Visweswaraiah

(d)

N.R. Viswanathan

50.

The TICEL park is

(a)

Rubber park

(b)

Textile park

(c)

Food park

(d)

Bio park

51.

Financial sector reforms mainly related to____

(a)

Insurance sector

(b)

Banking sector

(c)

Both a and b

(d)

Transport sector

52.

The command Ctrl +M is applied for

(a)

Saving

(b)

Copying

(c)

Getting new slide

(d)

Deleting a slide

53.

The relationship between the price of a commodity and the supply of commodity is

(a)

Negative

(b)

Positive

(c)

Zero

(d)

Increase

54.

In which market form, does absence of competition prevail?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

55.

Perfect competition assumes ____________

(a)

Luxury goods

(b)

Producer goods

(c)

Differentiated goods

(d)

Homogeneous goods

56.

Which of the following is a feature of monopolistic competition?

(a)

One seller

(b)

Few sellers

(c)

Product differentiation

(d)

No entry

57.

Total revenue is equal to total output sold multiplied by

(a)

Price

(b)

Total cost

(c)

Marginal revenue

(d)

Marginal cost

58.

Abstinence Theory of Interest was propounded by

(a)

Alfred Marshall

(b)

N.W. Senior

(c)

Bohm-Bawerk

(d)

Knut Wicksell

59.

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

60.

The distribution of income or wealth of a country among the individuals are

(a)

Functional distribution

(b)

Personal distribution

(c)

Goods distribution

(d)

Services distribution

61.

Mention the economies reaped from inside the firm

(a)

financial

(b)

technical

(c)

managerial

(d)

all of the above

62.

When price remains constant, AR will be _____ MR.

(a)

equal to

(b)

greater than

(c)

less than

(d)

not related to

63.

The cost per unit of output is denoted by _____ cost.

(a)

average

(b)

marginal

(c)

variable

(d)

total

64.

The Arguments against LPG relate to ________

(a)

Economic growth

(b)

More investment

(c)

Disparities among people and regions

(d)

Modernization

65.

Utility means

(a)

Equilibrium point at which demand and supply are equal

(b)

Want - satisfying capacity of goods and services

(c)

Total value of commodity

(d)

Desire for goods and services

66.

Suppose determinant of a matrix Δ = 0, then the solution

(a)

Exists

(b)

Does not exist

(c)

is infinity

(d)

is zero

67.

Money wages are also known as

(a)

real wages

(b)

nominal wages

(c)

original wages

(d)

transfer wages

68.

Gandhian Economics is based on the Principle

(a)

Socialistic idea

(b)

Ethical foundation

(c)

Gopala Krishna Gokhale

(d)

Dadabhai Naoroji

69.

The cost that remains constant at all levels of output is _____ cost.

(a)

fixed

(b)

variable

(c)

real

(d)

social

70.

In 1614 Sir Thomas Roe was successful in getting permission from

(a)

Akbar

(b)

Shahjahan

(c)

Jahangir

(d)

Noorjahan

71.

The man-made physical goods used to produce other goods and services are referred to as

(a)

Land

(b)

Labour

(c)

Capital

(d)

Organization

72.

The year 1961 is known as ______

(a)

Year of small divide

(b)

Year of Population Explosion

(c)

Year of Urbanisation

(d)

Year of Great Divide

73.

The measure of economic growth of a country is indicated by ____________.

(a)

GNP

(b)

GDP

(c)

NNP

(d)

Per capita income

74.

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

75.

'Economics is a study of mankind in the ordinary business of life' - It is the statement of

(a)

Adam Smith

(b)

Lionel Robbins

(c)

Alfred Marshall

(d)

Samuelson

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Answers Key:

Multiple Choice Question

75 x 1 = 75

(b)
Innovation

(d)
square

(b)
1969

(b)
Downward

(a)
1974

(b)
minimum

(a)
60%

(b)
Demand

10.

(a)
J.M. Keynes

11.

(a)
Foreign Direct Investment

12.

(b)
Entrepreneur

13.

14.

(b)
Creation of utility

15.

(b)
Lional Robbins

16.

(a)
The theory as a whole

17.

(d)
To protect the interest of investors

18.

(d)
All of these

19.

20.

(a)
Q_d = Q_s

21.

(d)
Necessaries and Luxuries

22.

(a)
Expenses

23.

(d)
Negatively sloped

24.

(d)
All the above

25.

(a)
Alfred Marshall

26.

(b)
Agriculture

27.

(d)
All the above

28.

29.

(a)
Law of Diminishing Marginal Utility

30.

(a)
Scarcity

31.

(d)
Four

32.

33.

(b)
MPP x Price

34.

(b)
human capital

35.

(a)
MRF

36.

37.

38.

(b)
Consumption

39.

(e)
All the above.

40.

(b)
AFC+AVC

41.

(a)
Goods

42.

(b)
Management

43.

(a)
Wholesale

44.

45.

(b)
1990 - 1992

46.

47.

(d)
All the above

48.

(a)
Dependence on agriculture

49.

(a)
M.S. Swaminathan

50.

(d)
Bio park

51.

52.

53.

(b)
Positive

54.

(b)
Monopoly

55.

(d)
Homogeneous goods

56.

57.

(a)
Price

58.

(b)
N.W. Senior

59.

(b)
Home textile city - Erode

60.

(b)
Personal distribution

61.

(d)
all of the above

62.

(a)
equal to

63.

(a)
average

64.

65.

(b)
Want - satisfying capacity of goods and services

66.

(b)
Does not exist

67.

(b)
nominal wages

68.

(b)
Ethical foundation

69.

(a)
fixed

70.

71.

72.

(b)
Year of Population Explosion

73.

(b)
GDP

74.

(b)
Theory of factor-pricing

75.

11th Economics One Mark Model Question Paper

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