TN STATEBOARD
11th ECONOMICS CHAPTER 1 TEST
INTRODUCTION
TO MICROECONOMICS CHAPTER TEST
TEST – 1
PADVIKSHA BLOG
TIME: 1 HOUR 15 Minutes
TOTAL MARKS:
25
I Multiple Choice Questions (MCQ)
(Mark- 5 x 1 = 5)
1.
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”
2.
Which of the following is a microeconomics statement?
a.
The real domestic output increased by 2.5 percent last year.
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.
3.
Utility can be measured indirectly using the 'Measuring rod of money' is the
statement of
(a)
Adam Smith
4.
Which one of the following is not a point in the Welfare Definition of Economics?
a.
Study of an 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
5.
______is the unit of measurement of utility.
(a)
Price
II ANSWER THE FOLLOWING QUESTIONS IN
ONE OR TWO SENTENCES. (3x2=6)
Write Any 3 Questions:
1.
Define normative economics?
2.
Name any two types of utility.
3.
Distinguish goods from services.
4.
What is Income?
5.
Give the meaning of deductive method.
WRITE ANY 3 QUESTIONS
1.
Whether economics is an art or science? Explain
2.
State the importance of Microeconomics. (Any 3)
3.
What are the crucial decisions involved in ‘what to produce?’
4.
What are the different features of services?
5.
What are the four definitions of economics?
IV. ANSWER THE FOLLOWING QUESTIONS IN
ABOUT A PAGE (1 x 5 = 5)
WRITE ANY ONE QUESTION
1. Explain basic problems of the economy with the help of production possibility curve.
2.
Compare and contrast various definitions of Economics.