11th Economics Book Back 1 Marks English Medium PDF

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D.Karthi B.com.,MBA.,CHR., K.G.S. MATRIC. HR. SEC. SCHOOL

Book Back One Marks
11th Standard
Economics Reg.No. :
Time : 02:30:00 Hrs
Total Marks : 274
CHOOSE THE CORRECT ANSWER 274 x 1 = 274

1) 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
2) The basic problem studying in Economics is
(a) Unlimited wants (b) Unlimited means (c) Scarcity (d) Strategy to meet all our wants
3) Micro Economics is concerned with
(a) The economy as a whole (b) Different sectors of an economy
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4)
(c) The study of individual economic units behaviour
Which of the following is a micro economics statement?
(a) The real domestic output increased by 2.5 percent last year
(d) The interactions within the entire economy
(b) Unemployment was 9.8 percent of the labour force last year
(c) The price of wheat determines its demand
(d) The general price level increased by 4 percent last year
5) Find the odd one out
(a) "An Inquiry into the Nature and the Causes of the Wealth of Nations". (b) "Principles of Economics"
(c) "Nature and Significance of Economic science" (d) "Ceteris Paribus"
6) 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
7) Author of "An inquiry into the Nature and causes of wealth of Nations"
(a) Alfred Marshall (b) Adam Smith (c) Lionel Robbins (d) Paul A Samuelson
8) "Economics studies human behaviour as a relationship between ends and scarce means which have alternative
uses" is the definition of economics of
(a) Lionel Robbins (b) Adam Smith (c) Alfred Marshall (d) Paul A Samuelson
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9) Who is the father of Economics?
(a) Max Muller (b) Adam Smith (c) Karl Marx (d) Paul A Samuelson
10) Economics is a science" the basis of this statement is
(a) Relation between cause and effect
(b) Use of dedective method and inductive method for the formations of laws (c) Experiments
(d) All of the above
11) 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
12) A market is
(a) Only a place to buy things (b) Only a place to sell things (c) Only a place where prices adjust
(d) A system where persons buy and sell goods directly or indirectly
13) Which one of the following is not a point in the Welfare Definition of Economics?
(a) Study of ordinary man (b) Economics does not focus on wealth alone
(c) Economics is the study of material welfare
(d) Economics deals with unlimited wants and limited means
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14) Growth definition takes into account
(a) The problem of choice in the dynamic frame work of Economics
(b) The problem of unlimited means in relation to wants (c) The production and distribution of wealth
(d) The material welfare of human beings
15) Which theory is generally included under micro economics?
(a) Price Theory (b) Income Theory (c) Employment Theory (d) Trade Theory
16) _____have exchange value and their ownership rights can be established and exchanged
(a) Goods (b) Services (c) Markets (d) Revenue
17) Identify the correct characteristics of utility
(a) It is equivalent to 'usefulness' (b) It has moral significance (c) It is same as pleasure
(d) It depends upon consumer's mental attitude
18) Who has given scarcity definition of economic?
(a) Adam Smith (b) Marshall (c) Robbins (d) Robertson
19) The process of reasoning from particular to general is
(a) Deductive method (b) Inductive method (c) Positive economics (d) Normative economics
20) Total revenue is equal to total output sold multiplied by
(a) Price (b) Total cost (c) Marginal revenue (d) Marginal cost
21) Pick the odd one out
(a) Luxuries (b) Comforts (c) Necessaries (d) Agricultural goods
22) Choice is always constrained or limited by the of our____ resources.
(a) Scarcity (b) Supply (c) Demand (d) Abundance
23) The chief exponent of the cardinal utility approach was
(a) J.R. Hicks (b) R.G.D. Allen (c) Marshall (d) Stigler
24) Marginal utility is measured by using the formula of
(a) TUn - TUn-1 (b) TUn - TUn+1 (c) TUn + TUn+1 (d) TUn - TUn+1
25) When marginal utility reaches zero, the total utility will be
(a) Minimum (b) Maximum (c) Zero (d) Negative
26) 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
27) The basic 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
28) The concept of consumer's surplus is associated with
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(a) Adam Smith (b) Marshall (c) Robbins (d) Ricardo
29) Given potential price is Rs. 250 and the actual price is Rs. 200. find the consumer surplus.
(a) 375 (b) 175 (c) 200 (d) 50
30) Indifference curve approach is based on
(a) Ordinal approach (b) Cardinal approach (c) Subjective approach (d) Psychological approach
31) The concept of elasticity of demand was intorduced by
(a) Ferguson (b) Keynes (c) Adam Smith (d) Marshall
32) Increase in demand is caused by
(a) Increase in tax (b) Higher subsidy (c) Increase in interest rate (d) decline in population
33) The movement on or along the given demand curve is known as______
(a) extension and contraction of demand (b) shifts in the demand (c) increase & decrease in demand
(d) all the above
34) In case of relatively more elastic demand the shape of the curve is
(a) Horizontal (b) Vertical (c) Steeper (d) Flatter
35) A consumer is in equilibrium when marginal utilities from two goods are
(a) Minimum (b) Maximum (c) Equal (d) Increasing
36) Indifference curve was first invented by
(a) Hicks (b) Allen (c) Keynes (d) Edgeworth
37) Elasticity of demand in equal to one Indicates
(a) Unitary Elastic Demand (b) Perfectly Elastic Demand (c) Perfectly Inelastic Demand
(d) Relatively Elastic Demand
38) The locus of the points which gives same level of satisfaction is associated with
(a) Indifference Curves (b) Cardinal Analysis (c) Law of Demand (d) Law of Supply
39) Ordinal Utility can be measured by
(a) Ranking (b) Numbering (c) Wording (d) None of these
40) The indifference curve are
(a) vertical (b) horizontal (c) positive sloped (d) negative
41) The primary factors, of production are:
(a) Labour and Organisation (b) Labour and Capital (c) Land and Capital (d) Land and Labour
42) The man-made physical goods used to produce other goods and services are referred to as
(a) Land (b) Labour (c) Capital (d) Organization
43) Formula for calculating AP is
(a) ΔT P
N
(b) ΔT P
ΔN
(c) TP
MP
(d) TP
44) Which factor is called the changing agent of the Society
(a) Labourer (b) Land (c) Organizer (d) Capital
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45) Who said, that one of the key of an entrepreneur is "uncertainty-bearing"
(a) J.B. Clark (b) Schumpeter (c) Knight (d) Adam Smith
46) The functional relationship between "inputs" and "outputs" is called as
(a) Consumption Function (b) Production Function (c) Savings Function (d) Investment Function
47) In a firm 5 units as factors produce 24 units of the product. When the number of factor increases by one, the
production increases to 30 units. Calculate the Average Product
(a) 30 (b) 6 (c) 5 (d) 24
48) The short-run production is studied through
(a) The Law of Returns to scale (b) The Law of Variable Proportions (c) ISO - quants
(d) Law of Demand
49) The long-run production function is explained by
(a) Law of Demand (b) Law of Supply (c) Returns to Scale (d) Law of Variable Proportions
50) An ISO - quant curve is also known as
(a) Inelastic Supply Curve (b) Inelastic Demand Curve (c) Equi Marginal Utility
(d) Equal Product Curve
51) Mention the economies reaped from inside the firm
(a) financial (b) technical (c) managerial (d) all of the above
52) Cobb - Douglas production function assumes.
(a) Increasing returns to scale (b) Diminishing returns to scale (c) Constant returns to scale
53) Name the returns to scale when the output increases by more than 5% for a 5% increase in the inputs,
(a) Increasing returns to scale (b) Decreasing returns to scale (c) Constant returns to scale
54) Which of the following is not a characteristic of land?
(a) Its limited supply (b) Its is mobile (c) Heterogeneous (d) Gift of Nature
55) Product obtained from additional factors of production is termed as
(a) Marginal product (b) Total product (c) Average product (d) Annual product
56) Modern economists have propounded the law of
(a) Increasing returns (b) Decreasing returns (c) Constant returns (d) Variable proportions
57) Producer's equilibrium is achieved at the point where:
(a) Marginal rate of technical substitution (MRTS) is greater than the price ratio
(b) MRTS is lesser than the price ratio (c) MRTS and price ratio are equal to each other
(d) The slopes of Iso quant and Iso cost lines are different
58) The relationship between the price of a commodity and the supply of commodity is
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(a) Negative (b) Positive (c) Zero
(a) must be greater than average product

(d) Increase
59) If average product is decreasing, then marginal product
(b) must be less than average product
(c) must be increasing (d) both a and c
60) A production function measures the relation between ______________
(a) input prices and output prices (b) input prices and the quantity of output
(c) the quantity of inputs and the quantity of output (d) the quantity of inputs and input prices
61) Cost refers to _____.
(a) Price (b) value (c) fixed cost (d) cost of production
62) Cost functions are derived from _____ function.
(a) production (b) investment (c) demand (d) consumption
63) Money cost is also known as _____ cost.
(a) explicit (b) implicit (c) social (d) real
64) Explicit cost plus implicit cost denote _____ cost.
(a) social (b) economic (c) money (d) fixed
65) Explicit costs are termed as
(a) out of pocket expenses (b) real cost (c) social cost (d) sunk cost
66) The costs of self-owned resources are termed as ____ cost.
(a) real (b) explicit (c) money (d) impilicit
67) The cost that remains constant at all levels of output is _____ cost.
(a) fixed (b) variable (c) real (d) social
68) Identify the formula of estimating average variable cost.
(a) TC/Q (b) TVC/Q (c) TFC/Q (d) TAC/Q
69) The cost incurred by producing one more unit of _____ output is cost.
(a) variable (b) fixed (c) marginal (d) total
70) The cost that varies with the level of output is termed as _____ cost.
(a) money (b) variable cost (c) total cost (d) fixed cost
71) Wage is an example for _____ cost of the production.
(a) fixed (b) variable (c) marginal (d) opportunity
72) The cost per unit of output is denoted by cost _____.
(a) average (b) marginal (c) variable (d) total
73) Identify the formula of estimating average cost.
(a) AVC/Q (b) TC/Q (c) TCV//Q (d) AFC//Q
74) Find total cost where TFC = 100 and TVC = 125.
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(a) 125 (b) 175 (c) 225 (d) 325
75) Long run average cost curve is also called as _____ curve.
(a) demand (b) planning (c) production (d) sales
76) Revenue received from the sale of products is known as _____ revenue.
(a) profit (b) total revenue (c) average (d) marginal
77) Revenue received from the sale of additional unit is termed as _____ revenue.
(a) profit (b) average (c) marginal (d) total
78) Marginal revenue is the addition made to the
(a) total sales (b) total revenue (c) total production (d) total cost
79) When price remains constant. AR will be _____ MR.
(a) equal to (b) greater than (c) less than (d) not related to
80) A bookseller sole 40 books with the price of Rs. 10 each the total revenue of the seller is Rs._____
(a) 100 (b) 200 (c) 300 (d) 400
81) In which of the following is not a type of market structure price will be very high?
(a) Perfect competition (b) Monopoly (c) Duopoly (d) Oligopoly
82) Equilibrium condition of a firm is ___________
(a) MC=MR (b) MC>MR (c) MC < MR (d) MR = Price
83) Which of the following is a feature of monopolistic competition?
(a) One seller (b) Few sellers (c) Product differentiation (d) No entry
84) A firm under monopoly can earn ________ in the short run
(a) Normal profit (b) Loss (c) Super normal profit (d) More loss
85) There is no excess capacity under _________
(a) Monopoly (b) Monopolistic competition (c) Oligopoly (d) Perfect competition
86) Profit of a firm is obtained when __________
(a) TR<TC (b) TR-MC (c) TR>TC (d) TR=TC
87) Another name of price is _________
(a) Average Revenue (b) Marginal Revenue (c) Total Revenue (d) Average cost
88) In which type of market, AR and MR are equal _______
(a) Duopoly (b) Perfect competition (c) Monopolistic competition (d) Oligopoly
89) In monopoly, MR curve lies below ____________
(a) TR (b) MR (c) AR (d) AC
90) Perfect competition assumes ____________
(a) Luxury goods (b) Producer goods (c) Differentiated goods (d) Homogeneous goods
91) Group equilibrium is analysed in ____________
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(a) Monopolistic competition (b) Monopoly (c) Duopoly
92) In monopolistic competition, the essential feature is ____________
(a) Same product (b) Selling cost (c) Single seller

(d) Pure competition
(d) Single buyer
93) Monopolistic competition is a form of __________
(a) Oligopoly (b) Duopoly (c) Imperfect competition (d) Monopoly
94) Price leadership is the attribute of ________
(a) Perfect competition (b) Monopoly (c) Oligopoly (d) Monopolistic competition
95) Price discrimination will always lead to
(a) Increase in output (b) Increase in profit (c) Different prices (d) 'b' and 'c'
96) The average revenue curve under monopolistic competition will be ____________
(a) Perfectly inelastic (b) Perfectly elastic (c) Relaively (d) Unitary elastic
97) Under perfect competition, the shape of demand curve of a firm is ___________
(a) Vertical (b) Horizontal (c) Negatively sloped (d) Positively sloped
98) In which market form does, an absence of competition prevail?
(a) Perfect competition (b) Monopoly (c) Duopoly (d) Oligopoly
99) Which of the following involves maximum exploitation of consumers?
(a) Perfect competition (b) Monopoly (c) Monopolistic competition (d) Oligopoly
100) An example of selling cost is __________
(a) Raw material cost (b) Transport cost (c) Advertisement cost (d) Purchasing cost
101) In Economics, distribution of income is among ___________.
(a) factors of production (b) Individual (c) firms (d) traders
102) 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
103) Rent is the reward for the use of _________.
(a) Capital (b) Labour (c) Land (d) Organization
104) The concept of Quasi-Rent is associated with _________.
(a) Ricardo (b) Keynes (c) Walker (d) Marshall
105) The Classical Theory of rent was propounded by _________.
(a) Ricardo (b) Keynes (c) Marshall (d) Walker
106) Original and indestructible power of the soil is the term used by _________.
(a) J.S. Mill (b) Walker (c) Clark (d) Ricardo
107) The reward for labour is _________.
(a) Rent (b) Wage (c) Profit (d) Interest
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108) Money wages are also known as __________.
(a) Real wages (b) Nominal wages (c) Original wages
109) Residual Claimant Theory is propounded by _________.

(d) Transfer wages
(a) Keynes (b) Walker (c) Hawley (d) Knight
110) The reward given for the use of capital __________.
(a) Rent (b) Wage (c) Interest (d) Profit
111) Keynesian Theory of interest is popularly known as ________.
(a) Abstinence Theory (b) Liquidity Preference Theory (c) Loanable Funds Theory (d) Agio Theory
112) According to the Loanable Funds Theory, supply of loanable funds is equal to _________.
(a) S + BC + DH + DI (b) I + DS + DH + BM (c) S + DS + BM + DI (d) S + BM + DH + DS
113) The concept of meeting unexpected expenditure according to keynes is __________.
(a) Transaction motive (b) Precautionary motive (c) Speculative motive (d) Personal motive
114) The distribution of income or wealth of a country among the individuals are
(a) Functional distribution (b) Personal distribution (c) Goods distribution (d) Service distribution
115) Profit is the reward for
(a) Land (b) Organization (c) Capital (d) Labour
116) Innovation Theory of profit was given by __________.
(a) Hawley (b) Schumpeter (c) Keynes (d) Knight
117) Quasi - rent arises in ________.
(a) Man-made appliances (b) Home made items (c) Imported items (d) None of these
118) "Wages as a sum of money are paid under contract by an employer to a worker for services rendered" - Who
said this?
(a) Benham (b) Marshall (c) Walker (d) J.S. Mill
119) Abstinence Theory of Interest was propounded by _________.
(a) Alfred Marshall (b) N.W. Senior (c) Bohm-Bawerk (d) Knut Wicksell
120) Loanable Funds Theory of Interest is called as ___________.
(a) Classical Theory (b) Modern Theory (c) Traditional Theory (d) Neo-Clasical Theory
121) The main gold mine region in Karnataka is ______
(a) Kolar (b) Ramgiri (c) Anantpur (d) Cochin
122) Economic growth of a country is measured by national income indicated by ____
(a) GNP (b) GDP (c) NNP (d) Per capita income
123) Which one of the following is a developed nations?
(a) Mexico (b) Ghana (c) France (d) Sri Lanka
124) The position of Indian Economy among the other strongest economies in the world is ______
(a) Fourth (b) Sixth (c) Fifth (d) Tenth
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125) Mixed economy means ______
(a) Private sectors and banks
(c) Public sectors and banks

(b) Co-existence of Public and Private sectors
(d) Public sectors only
126) The weakness of Indian Economy is _____
(a) Economic disparities (b) Mixed economy (c) Urbanisation
(d) Adequate employment opportunities
127) A scientific study of the characteristics of population is _____
(a) Topography (b) Demography (c) Geography (d) Philosophy
128) 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
129) In which year the population of India crossed one billion mark?
(a) 2000 (b) 2001 (c) 2005 (d) 1991
130) The number of deaths per thousand of population is called as ______
(a) Crude Death Rate (b) Crude Birth Rate (c) Crude Infant Rate (d) Maternal Mortality Rate
131) The number of births per thousand population is called as _____
(a) Crude death rate (b) Mortality rate (c) Morbidity rate (d) Crude birth rate
132) Density of population=______
(a) Land area / Total Population (b) Land area / Employment
(c) Total Population / Land area of the region (d) Total Population / Employment
133) Who introduced the National Development Council in India?
(a) Ambedkar (b) Jawaharlal Nehru (c) Radhakrishnan (d) V.K.R. V. Rao
134) Who among the following propagated Gandhian Economic thinkings.
(a) Jawaharlal Nehru (b) VKRV Rao (c) JC Kumarappa (d) A.K.Sen
135) The advocate of democratic socialism was ______
(a) Jawaharlal Nehru (b) P.C. Mahalanobis (c) Dr. Rajendra Prasad (d) Indira Gandhi
136) Ambedkar studied the problem in the context of Indian Economy is _____
(a) Small land holdings and their remedies (b) Problem of Indian Currency
(c) Economics of socialism (d) All of them
137) Gandhian Economics is based on the Principle
(a) Socialistic idea (b) Ethical foundation (c) Gopala Krishna Gokhale (d) Dadabhai Naoroji
138) V.K.R.V Rao was a student of
(a) J.M. Keynes (b) Colin Clark (c) Adam smith (d) Alfred Marshal
139) Amartya Kumara Sen received the Nobel Prize in Economics in the year
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(a) 1998 (b) 2000 (c) 2008 (d) 2010
140) Thiruvalluvar economic ideas mainly dealt with
(a) Wealth (b) Poverty is the curse in the society (c) Agriculture (d) All of them
141) The arrival of Vasco da Gama in Calicut, India________
(a) 1498 (b) 1948 (c) 1689 (d) 1849
142) In 1614 Sir Thomas Roe was successful in getting permission from __________
(a) Akbar (b) Shajakan (c) Jahangir (d) Noorjakhan
143) The power for governance of lndia was transferred from the East India Company (EIC) to the British crown in
___________.
(a) 1758 (b) 1858 (c) 1958 (d) 1658
144) Ryotwari system was initially introduced in ________ .
(a) Kerala (b) Bengal (c) Tamil Nadu (d) Maharastra
145) First World War started in the year __ .
(a) 1914 (b) 1814 (c) 1941 (d) 1841
146) When did the Government of India declared its first Industrial Policy?
(a) 1956 (b) 1991 (c) 1948 (d) 2000
147) 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
148) The Industry which was de-reserved in 1993?
(a) Railways (b) Mining of copper and zinc (c) Atomic energy (d) Atomic minerals
149) The father of Green Revolution in India was __________
(a) M.S. Swaminathan (b) Gandhi (c) Visweswaraiah (d) N.R. Viswanathan
150) How many commercial banks were nationalised in 1969?
(a) 10 (b) 12 (c) 14 (d) 16
151) The main objective of nationalisation of banks was ___________
(a) Private social welfare (b) Social welfare (c) To earn profit (d) Industries monopoly
152) The Planning Commission was setup in the year ____________
(a) 1950 (b) 1955 (c) 1960 (d) 1952
153) In the first five year plan, the top priority was given to __ Sector
(a) Service (b) Industrial (c) Agriculture (d) Bank
154) Tenth five year plan period was ___________ .
(a) 1992 - 1997 (b) 2002 - 2007 (c) 2007 - 2012 (d) 1997 - 2002
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155) According to HDR (2016), India ranked __ out of 188 countries.
(a) 130 (b) 131 (c) 135
156) Annual plans formed in the year __ .

(d) 145
(a) 1989 - 1991 (b) 1990 - 1992 (c) 2000 - 2001 (d) 1981 - 1983
157) The Oldest large scale industry in India
(a) cotton (b) jute (c) steel (d) cement
158) The 14 banks were nationalized in the year
(a) 1935 (b) 1956 (c) 1969 (d) 1959
159) The main theme of the Twelth Five Year Plan
(a) faster and more inclusive growth (b) growth with social Justice (c) socialistic pattern of society
(d) faster, more inclusive and sustainable growth
160) The PQLI was developed by _________
(a) Planning Commission (b) Nehru (c) Morris (d) Morris D. Biswajeet
161) ___________ A system of political and social relations between two countries of which one is ruler and other is its
colony.
(a) Imperialism (b) Colonialism (c) Mercantalism (d) Marxism
162) Through discriminatory______________ the British government pouposefully destroyed the handicrafts.
(a) Traffic police (b) Subsidy (c) Taxation (d) All the above
163) In Which place Portuguese had traded in India?
(a) Calicut (b) Mangalore (c) Goa (d) Mumbai
164) Sir Thomas Rao was in getting permission from _______________ for setting up factories all parts of India.
(a) Jahangir (b) Babar (c) Akbar (d) None
165) Indian________________________ products could not compete with machine-made products.
(a) Rural (b) Handicrafts (c) Agricultural (d) Industrial
166) Who introduced the Zamindari system in India.
(a) Lord cornwails (b) Lord Curson (c) Lord Ribbon (d) All the above
167) The industrial policy of 1956 sought to give dominant role to________________ sector.
(a) Private (b) public (c) corporate (d) none
168) Steel Authority of India Ltd. (SAIL) was established in the year
(a) 1974 (b) 1970 (c) 1972 (d) 1971
169) The First Paper Mill was set up in 1812 at Serampur in ________________
(a) Uttarpradesh (b) Mumbai (c) West Bengal (d) Assam
170) ____________________ manufacturing value-added and one third of total export earnings.
(a) Paper industry (b) Cotton and textile industry (c) Jute industry (d) Fertiliser industry
171) "Mumbai's Spinning and Waving Co." was established in____________________ at Bombay.
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(a) 1840 (b) 1854 (c) 1852 (d) 1849
172) India is the____________________ largest country in the world in producing natural silk.
(a) second (b) fourth (c) sixth (d) first
173) Oil and Natural Gas Commission was established at______________________.
(a) Uttarakhand (b) Bihar (c) Jharkhand (d) West Bengal
174) _________________________remove regional disparities industrializing rural and backward areas.
(a) Small Scale industries (b) Large scale industries (c) Rural industries (d) None
175) There is a great demand for________________________ in developed countries.
(a) consumer goods (b) capital goods (c) handicraft goods (d) intermediate goods
176) _________________ earn valuable foreign exchange through exports from India.
(a) SSI's (b) Large scale industries (c) Rural industries (d) Ancillary unit
177) In India nearly_____________________ of population lived in rural areas.
(a) 70% (b) 65% (c) 69% (d) 72%
178) _______________________five year plan aimed to double the per capita income of India.
(a) second (b) Tenth (c) Elevanth (d) Sixth
179) ___________________ helped the government to the real uplifting of standard of living of people.
(a) HDI (b) PQLI (c) Five year plans (d) None
180) How many indicators are while calculating "HDI"?
(a) 3 (b) 5 (c) 6 (d) 8
181) ________________is to measure to calculate the quality of life well being of a country.
(a) PQLI (b) HDI (c) Aayog (d) None
182) _____________________guided the government as to how it should utilise scarce resource to achieve maximum
benefits.
(a) planning (b) Industry (c) Agriculture (d) HDI
183) About____________________ of the total innovations of India comes from the small scale industries.
(a) 60-70% (b) 55-65% (c) 50-69% (d) 70-75%
184) India produces about_____________________silk of the world.
(a) 20% (b) 16% (c) 18% (d) 15%
185) Indian economy is heavily dependent on_____________________ for its economic growth to generate foreign
currency.
(a) Large scale industries (b) Ancillary industries (c) Rural industries (d) Cottage industries
186) Which of the following is the way of privatisation?
(a) Disinvestment (b) Denationalization (c) Franchising (d) All the above
187) Countries today are to be __ for their growth.
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(a) Dependent (b) Interdependent
188) The Arguments against LPG is_____
(a) Economic growth (b) More investment

(c) Free trade (d) Capitalist
(c) Disparities among people and regions
(d) Modernization
189) Expansion of FDI____
(a) Foreign Private Investment (b) Foreign Portfolio (c) Foreign Direct Investment
(d) Forex Private Investment
190) India is the largest producer of_______in the world
(a) fruits (b) gold (c) petrol (d) diesel
191) Foreign investment includes___
(a) FDI only (b) FPI and FFI (c) FDI and FPI (d) FDI and FFI
192) The Special Economic Zones policy was announced in_____
(a) April 2000 (b) July 2000 (c) April 1980 (d) July 1970
193) Agricultural Produce Market Committee is a _____.
(a) Advisory body (b) Statutory body (c) Both 'a' and 'b' (d) None of these
194) Goods and Service Tax is_____
(a) a multi point tax (b) having cascading effects (c) like Value Added Tax
(d) a single point tax with the cascading effects
195) The New Foreign Trade Policy was announced in the year ______
(a) 2000 (b) 2002 (c) 2010 (d) 2015
196) Financial sector reforms mainly related to____
(a) Insurance sector (b) Banking sector (c) Both a and b (d) Transport sector
197) The new economic policy is concerned with the following
(a) Foreign investment (b) Foreign technology (c) Foreign trade (d) All the above
198) The recommendation of Narashimham Committee Report was submitted in the year____
(a) 1990 (b) 1991 (c) 1995 (d) 2000
199) The farmers have access to credit under Kisan credit card scheme through the following except___
(a) Co operative banks (b) RRBs (c) Public sector banks (d) Private banks
200) The Raja Chelliah Committee on Trade Policy Reforms suggested the peak rate on import duties at____.
(a) 25% (b) 50% (c) 60% (d) 100%
201) The first ever SEZ in India was set up at
(a) Mumbai (b) Chennai (c) Kandla (d) Cochin
202) 'The Hindu Rate of Growth' coined by Raj Krishna refers to______.
(a) Low rate of economic growth (b) High proportion of Hindu population (c) Stable GDP (d) None
203) The highest rate of tax under GST is ________(as on July, 2017).
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(a) 18% (b) 24% (c) 28% (d) 32%
204) The transfer of ownership from public sector to private sector is known as________
(a) Globalization (b) Liberalization (c) Privatization (d) Nationalization
205) The Goods and Services Tax Act come into effect on______
(a) 1st July 2017 (b) 1st July 2016 (c) 1st January 2017 (d) 1st January 2016
206) Which is considered as the basic unit for rural areas?
(a) Panchayat (b) Village (c) Town (d) Municipality
207) Which feature is identified with rural areas?
(a) Low population density (b) High population density (c) Low natural resources
(d) Low human resources
208) Identify the feature of rural economy ____________
(a) Dependence on agriculture (b) High population density (c) Low level of population
(d) Low level of inequality
209) What percentage of the total population live in rural area, as per 2011 censes?
(a) 40 (b) 50 (c) 60 (d) 70
210) How do you term people employed in excess over and above the requirements?
(a) Unemployment (b) Underemployment or Disguised Unemployment (c) Full employment
(d) Self employment
211) What is the term used to denote the coexistence of two different sectors in an economy?
(a) Technology (b) Dependency (c) Dualism (d) Inequality
212) The process of improving the rural areas, rural people and rural living is defined as ____________
(a) Rural economy (b) Rural economics (c) Rural employment (d) Rural development
213) Identify the agriculture related problem of rural economy ___________.
(a) Poor communication (b) Small size of landholding (c) Rural poverty (d) Poor banking network
214) The recommended nutritional in take per person in rural areas __________
(a) 2100 calories (b) 2000 calories (c) 2300 calories (d) 2400 calories
215) Indicate the cause for rural poverty ____________
(a) Lack of non - farm employment (b) High employment (c) Low inflation rate
(d) High investment
216) What is the other name for concealed unemployment?
(a) Open (b) Disguised (c) Seasonal (d) Rural
217) How do you term the employment occurring only on a particular season?
(a) Open (b) Disguised (c) Seasonal (d) Rural
218) Identify an example for rural industries?
(a) Sugar factory (b) Mat making industry (c) Cement industry (d) Paper industry
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219) How much share of rural families in India is in debt?
(a) Half (b) One fourth (c) Two third
220) Identify the cause for rural indebtedness in India

(d) Three fourth
(a) Poverty (b) High population (c) High productivity (d) Full employment
221) In which year, Regional Rural Banks came into existence?
(a) 1965 (b) 1970 (c) 1975 (d) 1980
222) Identify the year of launch of MUDRA Bank?
(a) 1995 (b) 2000 (c) 2010 (d) 2015
223) Identify the year in which National Rural Health Mission was launched
(a) 2000 (b) 2005 (c) 2010 (d) 2015
224) Identify the advantages of rural roads.
(a) Rural marketing (b) Rural employment (c) Rural development (d) All the above
225) "An Indian farmer is born in debt, lives in debt, dies in debt and bequeaths debt" - who said this?
(a) Adam Smith (b) Gandhi (c) Amartya sen (d) Sir Malcolm Darling
226) In health index, Tamil Nadu is a head of-----------
(a) Kerala (b) Punjab (c) Gujarat (d) All the above
227) In sex ratio, Tamil Nadu ranks ----------
(a) first (b) second (c) third (d) fifth
228) Tamil Nadu is rich in ----------
(a) Forest resource (b) Human resource (c) Mineral resource (d) All the above
229) The main source of irrigation in Tamil Nadu is ------------
(a) river (b) tank (c) well (d) canals
230) Knitted garment production is concentrated in
(a) Coimbatore (b) Tiruppur (c) Erode (d) Karur
231) 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
232) Which of the following cities does not have international airport?
(a) Madurai (b) Tiruchirappalli (c) Paramakudi (d) Coimbatore
233) TN tops in the production of the following crops except
(a) Banana (b) Coconut (c) Plantation crops (d) Cardamom
234) Largest area of land is used in the cultivation of
(a) Paddy (b) Sugarcane (c) Groundnut (d) Coconut
235) In literacy rate, TN ranks
(a) second (b) fourth (c) sixth (d) eighth
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236) In investment proposals filed by MSMEs, TN ranks
(a) I (b) II (c) III (d) IV
237) Which district in TN has the highest sex ratio?
(a) Nagapattinam (b) Nilgiris (c) Tiruchy (d) Thanjavur
238) Which district has the lowest child sex ratio?
(a) Madurai (b) Theni (c) Ariyalur (d) Cuddalore
239) Which Union Territory has the highest sex ratio?
(a) Chandigarh (b) Pondicherry (c) Lakshadeep (d) Andaman Nicobar
240) The largest contribution to GSDP in Tamil Nadu comes from ------------
(a) agriculture (b) industry (c) mining (d) services
241) In human development index, TN is ranked
(a) second (b) fourth (c) sixth (d) seventh
242) SPIC is located in
(a) Chennai (b) Madurai (c) Tuticorin (d) Pudukkottai
243) The TICEL park is
(a) Rubber park (b) Textile park (c) Food park (d) Bio park
244) In India's total cement production, Tamil Nadu ranks
(a) third (b) fourth (c) first (d) second
245) The Headquarters of Southern Railway is at
(a) Tiruchirappalli (b) Chennai (c) Madurai (d) Coimbatore
246) In health index, Tamil Nadu is ahead of _______
(a) kerala (b) Punjab (c) Gujarat (d) all the above
247) In sex ratio, Tamil Nadu ranks ______
(a) first (b) second (c) third (d) fourth
248) Tamil Nadu is rich in ______________
(a) Forest resource (b) human resources (c) mineral resource (d) all the above
249) The main source of irrigation in Tamil Nadu is ________
(a) river (b) tank (c) well (d) canals
250) Kniitted garment production is concentrated in____________
(a) Coimbatore (b) Tirupppur (c) Erode (d) Karur
251) Which of the following is wrongly matched?
(a) Gateway of Tamil Nadu - Thootukudi (b) Home textile city - Erode (c) Steel city - Salem
(d) Pump city - Coimbatore
252) Which of the following cities does not have international airport?
(a) Madurai (b) Tiruchirapalli (c) paramakudi (d) Coimbatore
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253) TN tops in the production of the following crops except ______________
(a) Banana (b) Coconut (c) Plantation crops (d) Cardamom
254) Largest area of land is used in the cultivation of ___________
(a) Paddy (b) Sugarcane (c) Groundnut (d) Coconut
255) Mathematical Economics is the integration of
(a) Mathematics and Economics (b) Economics and Statistics (c) Economics and Equations
(d) Graphs and Economics
256) The construction of demand line or supply line is the result of using
(a) Matrices (b) Calculus (c) Algebra (d) Analytical Geometry
257) The first person used the mathematics in Economic is
(a) Sir William Petty (b) Giovanni Ceva (c) Adam Smith (d) Irving Fisher
258) Function with single independent variable is known as
(a) Multivariate Function (b) Bivariate Function (c) Univariate Function (d) Polynomial Function
259) A statement of equality between two quantities is called
(a) Inequality (b) Equality (c) Equations (d) Functions
260) An incremental change in dependent variable with respect to change in independent variable is known as
(a) slope (b) Intercept (c) Variant (d) Constant
261) (y-y1)=M(x-x1) gives the
(a) Slope (b) Straight line (c) Constant (d) Curve
262) Suppose D=50 - 5P when D is zero then
(a) P is 10 (b) P is 20 (c) P is 5 (d) P is -10
263) Suppose D = 150 - 50P. Then, the slope is
(a) -5 (b) 50 (c) 5 (d) -50
264) Suppose determinant of a matrix Δ = 0, then the solution
(a) Exists (b) Does not exists (c) is infinity (d) is zero
265) State of rest is a point termed as
(a) Equilibrium (b) Non-Equilibrium (c) Minimum point (d) Maximum point
266) Differentiation of constant term gives
(a) one (b) zero (c) infinity (d) non-infinity
267) Differentiation of Xn is
(a) nx(n-1) (b) nx (n+1) (c) zero (d) one
268) Fixed cost is the ___ term in cost function represented in mathematical form
(a) Middle (b) Price (c) Quantity (d) Constant
269) The first differentiation of Total Revenue function gives ______
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(a) Average Revenue (b) Profit (c) Marginal Revenue
270) The elasticity of demand is the ratio of ______
(a) Marginal demand function and Revenue function

(d) Zero
(b) Marginal demand function to Average demand function (c) Fixed and Variable revenues
(d) Marginal Demand function and Total demand function
271) If x + = 5 and x-y = 3 then value of x
(a) 4 (b) 3 (c) 16 (d) 8
272) Integration is the reverse process of
(a) Difference (b) Mixing (c) Amalgamation (d) Differentiation
273) Data processing is done by
(a) PC alone (b) Calculator alone (c) Both PC and Calculator (d) Pen drive
274) The command Ctrl +M is applied for
(a) Saving (b) Copying (c) Getting new slide (d) Deleting a slide

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D.Karthi B.com.,MBA.,CHR., K.G.S. MATRIC. HR. SEC. SCHOOL

Time : 02:30:00 Hrs

Total Marks : 274

CHOOSE THE CORRECT ANSWER 274 x 1 = 274

2) The basic problem studying in Economics is

3) Micro Economics is concerned with

(a) The economy as a whole (b) Different sectors of an economy

Which of the following is a micro economics statement?

(c) The price of wheat determines its demand

(d) The general price level increased by 4 percent last year

5) Find the odd one out

(c) "Nature and Signiﬁcance of Economic science" (d) "Ceteris Paribus"

6) The equilibrium price is the price at which

(a) Everything is sold (b) Buyers spend their money

10) Economics is a science" the basis of this statement is

(a) Relation between cause and effect

(d) All of the above

11) Utility means

(a) Equilibrium point at which demand and supply are equal

(d) Desire for goods and services

(c) Economics is the study of material welfare

(d) Economics deals with unlimited wants and limited means

(a) The problem of choice in the dynamic frame work of Economics

(d) The material welfare of human beings

15) Which theory is generally included under micro economics?

(a) Goods (b) Services (c) Markets (d) Revenue

17) Identify the correct characteristics of utility

(d) It depends upon consumer's mental attitude

18) Who has given scarcity deﬁnition of economic?

(a) Adam Smith (b) Marshall (c) Robbins (d) Robertson

19) The process of reasoning from particular to general is

20) Total revenue is equal to total output sold multiplied by

(a) Luxuries (b) Comforts (c) Necessaries (d) Agricultural goods

22) Choice is always constrained or limited by the of our____ resources.

(a) Scarcity (b) Supply (c) Demand (d) Abundance

23) The chief exponent of the cardinal utility approach was

24) Marginal utility is measured by using the formula of

(a) Minimum (b) Maximum (c) Zero (d) Negative

26) Gossen's ﬁrst law is known as

(d) Law of Diminishing returns

27) The basic for the law of demand is related to

(d) Gossen's Law

28) The concept of consumer's surplus is associated with

(a) 375 (b) 175 (c) 200 (d) 50

30) Indifference curve approach is based on

31) The concept of elasticity of demand was intorduced by

(a) Ferguson (b) Keynes (c) Adam Smith (d) Marshall

32) Increase in demand is caused by

33) The movement on or along the given demand curve is known as______

(d) all the above

(a) Horizontal (b) Vertical (c) Steeper (d) Flatter

(a) Minimum (b) Maximum (c) Equal (d) Increasing

36) Indifference curve was ﬁrst invented by

(a) Hicks (b) Allen (c) Keynes (d) Edgeworth

(d) Relatively Elastic Demand

39) Ordinal Utility can be measured by

(a) Ranking (b) Numbering (c) Wording (d) None of these

40) The indifference curve are