11th Standard Syllabus & Materials
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Published on: 24/08/2019
Consumption Analysis
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.
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Take MCQ Economics Test
1.
The term 'ceteris paribus' means __
Speculation
Other things remaining constant
Veblen effect
Antoine Augustin Cournot
2.
Giffen's goods are classified in to __ and __ goods.
Superior
Inferior
Both 'a' and 'b'
None
3.
_____ of the following constitute 'demand' in economics
A desire to buy
A decision to buy
The purchasing power
All the above
4.
Supply curve is ____
an upward sloping curve
a downward sloping curve
a horizontal straight line
a vertical line
5.
The __ principle is quite useful in explaining the "water diamond paradox"
Equi - marginal
Marginal utility
Utility
Total utility
6.
_________ is the other name given for Marshallian utility analysis.
Total utility
Cardinal utility analysis
Marginal utility
All of these
7.
The foundation for various other economic law is ____
Law of diminishing marginal utility
Law of equi-marginal utility
Consumer surplus
None of these
8.
The Indifference curve analysis was presented by _____
Alfred Marshall
J.R. Hicks
A.C. Pigou
J.K. Easthan
9.
The concept of consumer's surplus was introduced by ____
Alfred Marshall
J.R. Hicks
A.C. Pigon
J.K. Easthan
10.
Equi - Marginal Utility means equal marginal utilities derived from the consumption of more than_____
four goods
three goods
two goods
one good
11.
According to the law of diminishing marginal utility, the utility from the consumption of each additional unit starts _____
increasing
diminishing
multiplying
none of these
12.
Utility analysis was developed by _____
Alfred Marshall and Adam Smith
Alfred Marshall and Prof. J.R. Hicks
Alfred Marshall and A.C. Pigou
Alfred Marshall and J.K. Easthan
13.
The movement on or along the given demand curve is known as ______
Extension and contraction of demand
shifts in the demand
increase and decrease in demand
all the above
14.
15.
The concept of elasticity of demand was introduced by
Ferguson
Keynes
Adam Smith
Marshall
16.
Indifference curve approach is based on
Ordinal approach
Cardinal approach
Subjective approach
Psychological approach
17.
Given potential price is Rs. 250 and the actual price is Rs. 200. Find the consumer surplus.
375
175
200
50
18.
The concept of consumer's surplus is associated with
Adam Smith
Marshall
Robbins
Ricardo
19.
20.
Gossen's first law is known as
Law of Equi-Marginal Utility
Law of Diminishing Marginal Utility
Law of Demand
Law of Diminishing returns
21.
When marginal utility reaches zero, the total utility will be
Minimum
Maximum
Zero
Negative
22.
Marginal utility is measured by using the formula of
TUn - TUn-1
TUn - TUn+1
TUn + TUn+1
TUn - TUn+1
23.
The chief exponent of the cardinal utility approach was
J.R. Hicks
R.G.D. Allen
Marshall
Stigler
24.
Choice is always constrained or limited by the _______ of our resources.
Scarcity
Supply
Demand
Abundance
25.
Pick the odd one out
Luxuries
Comforts
Necessaries
Agricultural goods
1.
(b)
Other things remaining constant
2.
(c)
Both 'a' and 'b'
3.
(d)
All the above
4.
(a)
an upward sloping curve
5.
(a)
Equi - marginal
6.
(b)
Cardinal utility analysis
7.
(a)
Law of diminishing marginal utility
8.
(b)
J.R. Hicks
9.
(a)
Alfred Marshall
10.
(c)
two goods
11.
(b)
diminishing
12.
(c)
Alfred Marshall and A.C. Pigou
13.
(a)
Extension and contraction of demand
14.
(b)
15.
(d)
Marshall
16.
(a)
Ordinal approach
17.
(d)
50
18.
(b)
Marshall
19.
(a)
20.
(b)
Law of Diminishing Marginal Utility
21.
(b)
Maximum
22.
(a)
TUn - TUn-1
23.
(c)
Marshall
24.
(a)
Scarcity
25.
(d)
Agricultural goods
11th Standard Syllabus & Materials
11th Standard
TN 11th Tamil பீடு பெற நில் - செய்யுள் - காவடிச்சிந்து Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
TN 11th Tamil பீடு பெற நில் - உரைநடை - மலை இடப்பெயர்கள் : ஓர் ஆய்வு Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - துணைப்பாடம் - யானை டாக்டர் Important Questions And Answers Study Material - QB365 Set A
NEW11th Standard
TN 11th Tamil மாமழை போற்றுதும் - செய்யுள் - ஐங்குறுநூறு Important Questions And Answers Study Material - QB365 Set A
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Economics
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Business Maths and Statistics
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