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11th Economics Monthly Test - 1 ( Indian Economy )

MABS Institution

11th Economics Monthly Test - 1 ( Indian Economy )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

The Distribution of national income among the individuals

Personal
Functional
Both
Per capital Income

In the_____________ view, the supply of factor is inelastic in relation to demand for it rent arise.

Classical
Neo-classical
Modern
Marshall's

Population growth rate in India is as high as ______

1.7
2.7
3.7
4.7

Marginal productivity theory of distribution is otherwise known as_____________.

Ricardian Theory of rent
National Dividend Theory of distribution
Subsistence theory of wages
Abstinence Theory

There are only _____ main gold mine regions.

three
two
one
none of the above

The number of deaths per thousand of population is called as ______

Crude Death Rate
Crude Birth Rate
Crude Infant Rate
Maternal Mortality Rate

Density of population=______

Land area / Total Population
Land area / Employment
Total Population / Land area of the region
Total Population / Employment

_____ is the most densely populated state in the country.

Uttar Pradesh
Andra Pradesh
Bihar
Kerala

Profit is due to unforeseen factors.

Monopoly profit
Wind fall profit
Normal profit
Super normal profit

Transfer earning refer to ____________ cost.

Economic Cost
Social Cost
Opportunity Cost
Accounting Cost

Part - B

Generic 2 - Answer All Question

What do you know about renewable resources?

What do you mean by literacy ratio?

What are the demographic trends in India?

Distinguish between Normal Profit and Super Normal Profit.
What is Net Profit?

What do you mean by Insurable Risks?

Define Marginal Product.

Give the meaning of non-renewable energy.

What is life expectancy at birth?

What are the theories of interest?

Part - C

Generic 3 - Answer All Question

Write the V.K.R.V. Rao's contribution on multiplier concept.

Discuss Residual Claimant Theory of Wages.

Discuss the standard of Living Theory of Wages.

Explain social infrastructure.

Discuss the wages theory of profits.
Explain about stable macro economy.

Define Economic Development.

Explain the Psychological Theory of interest.

Explain the economic ideas of Thiruvalluvar about public finance.

What do you know about Human Development Index?

Part - D

Generic 5 - Answer All Question

Elucidate the Loanable Funds Theory of Interest.

How is the Marginal product of a factor expressed as? Explain.

Profit is the reward for risk-taking and uncertainty-bearing.

Explain about the natural resources.

Illustrate the Ricardian Theory of Rent.

What are the different kinds of profit?

Explain the Wage Fund Theory of Wages

Write the importance of mineral resources in India.
Explain the standard of Living Theory of Wages.

Explain the Residual Claimant Theory of Wage

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