XI ECONOMICS | ONLINE MARK TEST L1-8

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SHUFFLED ONE MARK (L1-8)

1.Who is the Father of Economics?
*

1 point

a. Max Muller

b. Adam Smith

c. Karl Marx

d. Paul A Samuelson

2.Given potential price is Rs.250 and the actual price is Rs.200. Find the consumer surplus.
*

1 point

a. 375

b. 175

c. 200

d. 50

9.The father of Green Revolution in India was _____ *

1 point

a. M.S. Swaminathan

b. Gandhi

c. Visweswaraiah

d. N.R. Viswanathan

7.Which one of the following is a developed nations ?
*

1 point

a. Mexico

b. Ghana

c. France

d. Sri Lanka

10.How many commercial banks were nationalised in 1969 ? *

1 point

a. 10

b. 12

c. 14

d. 16

3.Which factor is called the changing agent of the Society
*

1 point

a. Labourer

b. Land

c. Organizer

d. Capital

6.Rent is the reward for the use of ________
*

1 point

a. Capital

b. Labour

c. land

d. Organization

8.In which year the population of India crossed one billion mark ?
*

1 point

a. 2000

b. 2001

c. 2005

d. 1991

5.Another name of price is _________
*

1 point

a. Average Revenue

b. Marginal Revenue

c. Total Revenue

d. Average Cost

NAME : *

4.Explicit cost plus implicit cost denote _________ cost *

1 point

a. Social

b. Economic

c. money

d. Fixed

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