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Published on: 12/11/2020
11th Standard Economics Market Structure and Pricing English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021
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 + Answers key
Take MCQ Economics Test
1.
Which is the first order condition for the profit of a firm to be maximum?
AC = MR
MC = MR
MR = AR
AC = AR
2.
Total revenue is defined as _________
Revenue per unit of a commodity
Addition to revenue when one more unit of the commodity is sold
Proceeds from the sale of the commodity
All of these
3.
Which of these is a feature of a market?
Buyers and sellers
Existence of a product or service
Willingness and ability to pay and sell
All of these
4.
The imperfect competition was propounded in England by _________
Mrs. Joan Robinson
E.H. Chamberlin
Marshall
Adam Smith
5.
_____________ classifies market on the basis of time
Adam Smith
Alfred Marshall
Samuelson
E.H. Chamberlin
6.
In which market form, does absence of competition prevail?
Perfect competition
Monopoly
Duopoly
Oligopoly
7.
Price leadership is the attribute of ________
Perfect competition
Monopoly
Oligopoly
Monopolistic competition
8.
In which type of market, AR and MR are equal _______
Duopoly
Perfect competition
Monopolistic competition
Oligopoly
9.
Profit of a firm is obtained when __________.
TR < TC
TR - MC
TR > TC
TR = TC
10.
1.
(b)
MC = MR
2.
(c)
Proceeds from the sale of the commodity
3.
(d)
All of these
4.
(a)
Mrs. Joan Robinson
5.
(b)
Alfred Marshall
6.
(b)
Monopoly
7.
(c)
Oligopoly
8.
(b)
Perfect competition
9.
(c)
TR > TC
10.
(a)
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Tamilnadu Stateboard 11th Standard Subjects
Maths
Commerce
Economics
Biology
Business Maths and Statistics
Accountancy
Computer Science
Physics
Chemistry
Maths
Biology
Economics
Physics
Chemistry
History
Business Maths and Statistics
Computer Science
Accountancy
Computer Applications
History
Computer Technology
Commerce
Computer Applications
Computer Technology
Tamil
English
French
Tamilnadu Stateboard Standards
