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11th Economics Monthly Test - 2 ( Indian Economy )

MABS Institution

11th Economics Monthly Test - 2 ( Indian Economy )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Who among the following propagated Gandhian Economic thinkings.

Jawaharlal Nehru
VKRV Rao
JC Kumarappa
A.K.Sen

"Interrelation between investment, income and multiplier in an under developed economy" was introduced in _____

1950
1951
1952
1953

The Marginal Productivity Theory of Distribution states that the price of a factor of production depends up on its

Market
Productivity
Cost
Revenue

The Standard of Living Theory of Wages was developed by_____________.

Torrance
N.W.Senior
John Rae
J.M. Keynes

Gross Profit - Implicit Cost.

Net Profit
Gross Profit
Normal Profit
Super Normal Profit

India ranks ____ in the world.

1^st
2^nd
3^rd
4^th

Rent is the price paid for the use of_____________.

capital
organisation
labour
land

The year 1921 is known as the __ for India's population.

Year of Great Divide
Year of Small Divide
Year of Population Explosion
All the above

Human Development Index was developed by the Indian economist ______

Marshall
Mahbub ul Haq
J.M. Keynes
Amartya Sen

Social infrastructure are ______

Education
Training and research
Health and Housing
All the above

Part - B

Generic 2 - Answer All Question

Define wages.

What is mean by infrastructure development?

In short why to state the Marginal Productivity Theory of Distribution.

What is meant by Quasi rent?

What are the large themes of V.K.R.V. Rao?

How do you determined a country's economic development?

What is the meaning of rent?

Part - C

Generic 3 - Answer All Question

Write short note on village clusters.

What do you mean by an emerging market?

Write short note on health care services in India?

Describe Wage Fund Theory of Wages

Explain about J.C. Kumarappa.

What is meant by Demographic divided?

What are the Kinds of profit ?

Part - D

Generic 5 - Answer All Question

Describe Uncertainty Bearing Theory of Profit.

Explain various sources of energy.

Write a brief note on the Gandhian economic ideas.
Explain about the natural resources.

Write the importance of mineral resources in India.

Explain the Keynesian Theory of Interest.

Describe the Abstinence Theory.

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