Free Printable 11 economics

1.

1. A Capitalist Economy is also called as -

a)

(a) Free Market Economy

b)

(b) Command Market Economy

c)

(c) Controlled Market Economy

d)

(d) Regulated Market Economy

2.

2. Where does "Price mechanism" exists.

a)

(a) Capitalist economy

b)

(b) Socialist economy

c)

(c) Both type of economies

d)

(d) None of the above

3.

3. The issue of "for whom to produce" deals with

a)

(a) how to distribute and share the national product

b)

(b) shares of different people in the total output of goods & services.

c)

(c) Both (a) and (b)

d)

(d) Neither (a) nor (b)

4.

4. In India, areas like Atomic Energy, Defence, etc. are in the hands of -

a)

(a) Private Sector

b)

(b) Public Sector

c)

(c) Joint Sector

d)

(d) All of the above

5.

5. When total utility is increases at a diminishing rate, then marginal utility is ______

a)

(a) Diminishing

b)

(b) Zero

c)

(c) Maximum

d)

(d) One

6.

6. Which of the following is an assumption of Law of the Law of Diminishing Marginal Utility?

a)

(a) Perfect Competition

b)

(b) Continuous Consumption

c)

(c) Constant Demand

d)

(d) Ordinal Approach to Utility

7.

7. Total Utility -

a)

(a) Will generally be positive

b)

(b) Will generally be negative

c)

(c) Can be positive or negative but not zero

d)

(d) Can be positive or negative or zero

8.

9. The Total Utility that Shyam derives after having 4 Mangoes is 10, and the Total Utility on consuming 5 Mangoes is 9. What is the Marginal Utility for 5^thmango?

a)

(a) 1

b)

(b) 0

c)

(c) -1

d)

(d) ±1

9.

9. Who is the main exponent of Marginal Utility Analysis?

a)

(a) Paul Samuelson

b)

(b) Hicks

c)

(c) Keynes

d)

(d) Marshall

10.

10. "Inequalities of Income" refers to -

a)

(a) Gap between Rich and Poor

b)

(b) All Workers do not equal wages.

c)

(c) All Companies do not earn same profit.

d)

(d) All of the above

11.

11. Which of the following is correct regarding Statistics?

a)

(a) Aggregate of Facts

b)

(b) Numerically Expressed

c)

(c) Affected by multiplicity of causes

d)

(d) All of these

12.

12. Which of the following indicates a stage of statistical study?

a)

(a) Collection of data

b)

(b) Presentation of data

c)

(c) Analysis of data

d)

(d) All of these

13.

13. Which of the following statement is incorrect?

a)

(a) Resources have alternative uses

b)

(b) All numbers are statistics

c)

(c) Macroeconomics studies large aggregates

d)

(d) Statistics studies only the aggregates of quantitative facts

14.

14. Which of the following is a merit of a good questionnaire?

a)

(a) Difficulty

b)

(b) Less number of questions

c)

(c) Not in proper order

d)

(d) Invalid questions

15.

16. Data collected for the first time from the source of origin is called

a)

(a) Primary data

b)

(b) Secondary data

c)

(c) Internal data

d)

(d) None of these

16.

16. Questionnaires are filed by the

a)

(a) Investigator

b)

(b) Informant

c)

(c) Enumerator

d)

(d) None of these

17.

17. Which of the following is a source of secondary data?

a)

(a) Govt. Publication

b)

(b) Private Publication

c)

(c) Report published by the SBI

d)

(d) All of these

18.

18. Which of the following is a method of secondary data collection?

a)

(a) Direct personal investigation

b)

(b) Direct oral investigation

c)

(c) Collection of information through questionnaire

d)

(d) None of these

19.

19. Under random sampling, each item of the universe has ______ chance of being selected.

a)

(a) Equal

b)

(b) Unequal

c)

(c) Zero

d)

(d) None of these

20.

20. Reliability of sampling data depends on

a)

(a) Size of samples

b)

(b) Method of sampling

c)

(c) Training of enumerators

d)

(d) All of these

21.

21. For drawing lottery ______ sampling is used

a)

(a) Random

b)

(b) Purposive

c)

(c) Stratified sampling

d)

(d) Quota sampling

22.

22. Personal bias is possible under

a)

(a) Random Sampling

b)

(b) Purposive Sampling

c)

(c) Stratified Sampling

d)

(d) Quota Sampling

23.

23. In a series, the number of times an item occurs is known as

a)

(a) Number

b)

(b) Frequency

c)

(c) Class frequency

d)

(d) Cumulative frequency

24.

24. Which of the following is the objective of classification

a)

(a) Simplification

b)

(b) Briefness

c)

(c) Comparability

d)

(d) All of these

25.

25. According to tally bar method, which of the following symbols indicate the frequency of five?

a)

(a) 卌 I

b)

(b) IIII

c)

(c) 卌

d)

(d) NONE

11 economics

Total questions: 25

Worksheet time: 13mins

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