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Published on: 09/06/2021
QB365 provides detailed and simple solution for every book back questions in class 11 Economics subject.It will helps to get more idea about question pattern in every book back questions with solution.
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 Test1.
A production function measures the relation between
input prices and output prices
input prices and the quantity of output
the quantity of inputs and the quantity of output
the quantity of inputs and input prices
2.
If average product is decreasing, then marginal product
must be greater than average product
must be less than average product
must be increasing
both a and c
3.
The relationship between the price of a commodity and the supply of commodity is
Negative
Positive
Zero
Increase
4.
Producer's equilibrium is achieved at the point where:
Marginal rate of technical substitution (MRTS) is greater than the price ratio
MRTS is lesser than the price ratio
MRTS and price ratio are equal to each other
The slopes of isoquant and isocost lines are different
5.
Modern economists have propounded the law of
Increasing returns
Decreasing returns
Constant returns
Variable proportions
6.
Product obtained from additional factors of production is termed as
Marginal product
Total product
Average product
Annual product
7.
Which of the following is not a characteristic of land?
Its limited supply
It is mobile
Heterogeneous
Gift of Nature
8.
Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs,
Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
All of the above
9.
Cobb - Douglas production function assumes
Increasing returns to scale
Diminishing returns to scale
Constant returns to scale
All of the above
10.
Mention the economies reaped from inside the firm
financial
technical
managerial
all of the above
1.
(c)
the quantity of inputs and the quantity of output
2.
(b)
must be less than average product
3.
(b)
Positive
4.
(c)
MRTS and price ratio are equal to each other
5.
(a)
Increasing returns
6.
(a)
Marginal product
7.
(b)
It is mobile
8.
(a)
Increasing returns to scale
9.
(c)
Constant returns to scale
10.
(d)
all of the above
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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
