அறம் பயிற் சி மமயம் , மடத்துக்குளம்

ததொகுப் பு : ந.சண்முகசுந் தரம் (அறம் ஆசிரியர்) அ.எண்: 96598 38789

HIGHER SECONDARY FIRST YEAR a. Lionel Robbins b. Adam Smith

04.09.2023 c. Alfred Marshall d. Paul A Samuelson
ECONOMICS 9. Who is the Father of Economics?
Unit-1 a. Max Muller b. Adam Smith
Introduction to Micro Economics c. Karl Marx d. Paul A Samuelson
Choose the correct answer 10. “Economics is a science” The basis of this
1. ‘Economics is a study of mankind in the statement is—
ordinary business of life’ -It is the statement of a. Relation between cause and effect

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a. Adam Smith b. Lionel Robbins b. Use of deductive method and inductive method

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c. Alfred Marshall d. Samuelson for the formations of laws
c. Experiments d. All of the above

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2. The basic problem studied in Economics is
a. Unlimited wants b. Unlimited means 11. Utility means

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c. Scarcity d. Strategy to meet all our wants a. Equilibrium point at which demand and supply
3. Microeconomics is concerned with are equal
a. The economy as a whole
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b. Different sectors of an economy c. Total value of commodity
c. The study of individual economicunits behaviour d. Desire for goods and services
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d. The interactions within the entire economy 12. A market is

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4. Which of the following is a microeconomics a. Only a place to buy things

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statement? b. Only a place to sell things

a. The real domestic output increased by 2.5 c. Only a place where prices adjust
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percent last year. d. A system where persons buy and sell goods
b. Unemployment was 9.8 percent of the labour directly or indirectly
force last year. 13. Which one of the following is not a point in the
c. The price of wheat determines its demand Welfare Definition of Economics?
d. The general price level increased by 4 percent a. Study of an ordinary man
last year. b. Economics does not focus on wealth alone
5. Find the odd one out: c. Economics is the study of material welfare
a. “An inquiry into the nature and the causes of the d. Economics deals with unlimited wants and
Wealth of Nations” limited means
b. “Principles of Economics” 14. Growth definition takes into account
c. “Nature and Significance of Economic Science” a. The problem of choice in the dynamic
d. “Ceteris paribus” framework of Economics
6. The equilibrium price is the price at which b. The problem of unlimited means in relation to
a. Everything is sold b. Buyers spend their money wants
c. Quantity demanded equals quantity supplied c. The production and distribution of wealth
d. Excess demand is zero d. The material welfare of human beings
7. Author of “An Inquiry into the Nature and 15. Which theory is generally included under
Causes of Wealth of Nations” micro economics ?
a. Alfred Marshall b. Adam Smith a. Price Theory b. Income Theory
c. Lionel Robbins d. Paul A Samuelson c. Employment Theory d. Trade Theory
8. “Economics studies human behaviour as a 16. ....................... have exchange value and their
relationship between ends and scarce means which ownership rights can be established and exchanged
have alternative uses” is the definition of a. Goods b. Services c. Markets d. Revenue
economics of
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
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17. Identify the correct characteristics of utility 7. The basis for the law of demand is related to
a. It is equivalent to ‘usefulness’ a. Law of diminishing marginal utility
b. It has moral significance b. Law of supply
c. It is same as pleasure c. Law of equi-marginal utility.
d. It depends upon consumer’s mental attitude
d. Gossen’s Law.
18. Who has given scarcity definition of
8. The concept of consumer’s surplus is
economics?
associated with
a. Adam Smith b. Marshall
a. Adam Smith b. Marshall

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c. Robbins d. Robertson
c. Robbins d. Ricardo

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19. The process of reasoning from particular to
general is 9. Given potential price is Rs.250 and

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a. Deductive method b. Inductive method the actual price is Rs.200. Find the

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c. Positive economics d. Normative economics consumer surplus.
20. Total revenue is equal to total output a. 375 b. 175 c. 200 d. 50
sold multiplied by
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a. Price b. Total cost a. Ordinal approach b. Cardinal approach
c. Marginal revenue d. Marginal cost
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c. Subjective approach
UNIT – 2
d. Psychological approach
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Consumption Analysis
Choose the correct answer 11. The concept of elasticity of demand
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1. Pick the odd one out was introduced by

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a. Luxuries b. Comforts a. Ferguson b. Keynes

c. Necessaries d. Agricultural goods c. Adam Smith d. Marshall
2. Choice is always constrained or limited by 12. Increase in demand is caused by
the _____ of our resources. a. Increase in tax b. Higher subsidy
a. Scarcity b. Supply c. Increase in interest rate
c. Demand d. Abundance d. decline in population
3. The chief exponent of the Cardinal 13. The movement on or along the given
utility approach was demand curve is known as____
a. J.R.Hicks b. R.G.D.Allen a. Extension and contraction of demand.
c. Marshall d. Stigler b. shifts in the demand.
4. Marginal Utility is measured by using c. increase and decrease in demand.
the formula of d. all the above
a. TUn-TUn-1 b. TUn-TUn+1 14. In case of relatively more elastic
c. TUn+TUn+1 d. TUn-TUn+1 demand the shape of the curve is
5. When marginal utility reaches zero, the total a. Horizontal b. Vertical
utility will be c. Steeper d. Flatter
a. Minimum b. Maximum 15. A consumer is in equilibrium when
c. Zero d. Negative marginal utilities from two goods are
6. Gossen’s first law is known as. a. Minimum b. Inverse
a. Law of equi-marginal utility. c. Equal d. Increasing
b. Law of diminishing marginal utility 16. Indifference curve was first introduced by
c. Law of demand. a. Hicks b. Allen c. Keynes d. Edgeworth
d. Law of Diminishing returns.
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17. Elasticity of demand is equal to one c. Savings Function

indicates d. Investment Function
a. Unitary Elastic Demand 7. In a firm 5 units of factors produce 24units
b. Perfectly Elastic Demand of the product. When the number of factor
c. Perfectly Inelastic Demand increases by one, the production increases to
d. Relatively Elastic Demand 30 units. Calculate the Avarage Product.
18. The locus of the points which gives same a. 30 b. 6 c. 5 d. 24
level of satisfaction is associated with 8. The short-run production is studied through

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a. Indifference Curves b. Cardinal Analysis a. The Laws of Returns to Scale

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c. Law of Demand d. Law of Supply b. The Law of Variable Proportions

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19. Ordinal Utility can be measured by c. Iso-quants d. Law of Demand

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a. Ranking b. Numbering 9. The long-run production function is
c. Wording d. None of these explained by
20. The indifference curves are
vi a. Law of Demand b. Law of Supply
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a. vertical b. horizontal c. Returns to Scale
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c. positive sloped d. Negatively sloped d. Law of Variable Proportions

UNIT – 3 10. An Iso-quant curve is also known as
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Production Analysis a. Inelastic Supply Curve

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Choose the correct answer

b. Inelastic Demand Curve
1. The primary factors of production are:
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c. Equi-marginal Utility
a. Labour and Organisation
d. Equal Product Curve
b. Labour and Capital c. Land and Capital
11. Mention the economies reaped from
d. Land and Labour.
inside the firm
2. The man-made physical goods used to
a. financial b. technical
produce other goods and services are referred
c. managerial d. all of the above
to as.
12. Cobb-Douglas production function
a. Land b. Labour
assumes
c. Capital d. Organization.
a. Increasing returns to scale
3. Formula for calculating AP is
b. Diminishing returns to scale
a. ΔTP/N b. ΔTP/ΔN
c. Constant returns to scale d. All of the above
c. TP/MP d. TP/N
13. Name the returns to scale when the output
4. Which factor is called the changing
increases by more than 5%, for a 5% increase
agent of the Society
in the inputs,
a. Labourer b. Land
a. Increasing returns to scale
c. Organizer d. Capital
b. decreasing returns to scale
5. Who said, that one of the key of an
c. Constant returns to scale d. All of the above
entrepreneur is “uncertaintybearing”.
14. Which of the following is not a
a. J.B.Clark b. Schumpeter
characteristic of land?
c. Knight d. Adam Smith
a. Its limited supply b. It is mobile
6. The functional relationship between
c. Heterogeneous d. Gift of Nature
“inputs” and “outputs” is called as
15. Product obtained from additional factors of
a. Consumption Function
production is termed as
b. Production Function
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
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a. Marginal product b. Total product c. social d. real

c. Average product d. Annual product 4. Explicit cost plus implicit cost denote
16. Modern economists have propounded the ___________ cost.
law of a. social b. economic
a. Increasing returns b. decreasing returns c. money d. fixed
c. Constant returns d. variable proportions. 5. Explicit costs are termed as
17. Producer’s equilibrium is achieved at the a. out of pocket expenses b. real cost
point where: c. social cost d. sunk cost

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a. Marginal rate of technical substitution 6. The costs of self–owned resources are

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(MRTS) is greater than the price ratio termed as ________ cost.

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b. MRTS is lesser than the price ratio a. real b. explicit

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c. MRTS and price ratio are equal to each other c. money d. implicit
d. The slopes of isoquant and isocost lines are 7. The cost that remains constant at all
different.
vi levels of output is _______ cost.
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18. The relationship between the price of a a. fixed b. variable
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commodity and the supply of commodity is c. real d. social

a. Negative b. Positive 8. Identify the formula of estimating
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c. Zero d. Increase average variable cost.

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19. If average product is decreasing, then a. TC/Q b. TVC/Q

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marginal product c. TFC/Q d. TAC/Q

a. must be greater than average product 9. The cost incurred by producing one
b. must be less than average product more unit of output is______cost.
c. must be increasing d. both a and c a. variable b. fixed
20. A production function measures c. marginal d. total
the relation between 10. The cost that varies with the level of
a. input prices and output prices output is termed as _______ cost.
b. input prices and the quantity of output a. money b. variable cost
c. the quantity of inputs and the quantity of c. total cost d. fixed cost
output. 11. Wage is an example for ________
d. the quantity of inputs and input prices. cost of the production.
UNIT – 4 a. fixed b. variable
Cost and Revenue Analysis c. marginal d. opportunity
Choose the correct answer
12. The cost per unit of output is denoted
1. Cost refers to ________
by _________ cost.
a. price b. value
a. average b. marginal
c. fixed cost d. production
c. variable d. total
2. Cost functions are also known as
13. Identify the formula of estimating
_______________ function.
average cost.
a. production b. investment
a. AVC/Q b. TC/Q
c. demand d. consumption
c. TVC/Q d. AFC/Q
3. Money cost is also known as
14. Find total cost where TFC=I00 and TVC =
____________ cost.
125.
a. explicit b. implicit
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
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a. 125 b. 175 c. 225 d. 325 5. There is no excess capacity under _______

15. Long-run average cost curve is also a. Monopoly b. Monopolistic competition
called as __________ curve. c. Oligopoly d. Perfect competition
a. demand b. planning 6. Profit of a firm is obtained when ………
c. production d. sales a. TR < TC b. TR - MC
16. Revenue received from the sale of c. TR > TC d. TR = TC
products is known as _______ revenue. 7. Another name of price is……………..
a. profit b. total a. Average Revenue b. Marginal Revenue

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c. average d. marginal c. Total Revenue d. Average Cost

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17. Revenue received from the sale of 8. In which type of market, AR and MR

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additional unit is termed as _____revenue. are equal …..

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a. profit b. average a. Duopoly b. Perfect competition
c. marginal d. total c. Monopolistic competition
18. Marginal revenue is the addition made
vi d. Oligopoly
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to the 9. In monopoly, MR curve lies below ____
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a. total sales b. total revenue a. TR b. MC c. AR d. AC

c. total production d. total cost 10. Perfect competition assumes …………
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19. When price remains constant, AR will a. Luxury goods b. Producer goods
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be ________ MR. c. Differentiated goods d. Homogeneous goods

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a. equal to b. greater than 11. Group equilibrium is analysed in …….

c. less than d. not related to a. Monopolistic competition b. Monopoly
20. A book seller sold 40 books with the price c. Duopoly d. Pure competition
of ₹10 each. The total revenue of the seller is 12. In monopolistic competition, the essential
₹___________. feature is ..…
a. 100 b. 200 c. 300 d. 400 a. Same product b. selling cost
UNIT – 5 c. Single seller d. Single buyer
MARKET STRUCTURE AND PRICING 13. Monopolistic competition is a form of
Choose the correct answer
a. Oligopoly b. Duopoly
1. Which of the following is a market structure
c. Imperfect competition d. Monopoly
where the Price is expected to be lower?
14. Price leadership is the attribute of
a. Perfect competition b. Monopoly
a. Perfect competition b. Monopoly
c. Duopoly d. Oligopoly
c. Oligopoly d. Monopolistic competition
2. Equilibrium condition of a firm is......
15. Price discrimination will always lead to
a. MC = MR b. MC > MR
a. Increase in output b. Increase in profit
c. MC < MR d. MR = Price
c. Different prices d. b and c
3. Which of the following is a feature of
16. The average revenue curve under
monopolistic competition?
monopolistic competition will be……
a. One seller b. Few sellers
a. Perfectly inelastic b. Perfectly elastic
c. Product differentiation d. No entry
c. Relatively elastic d. Unitary elastic
4. A firm under monopoly can earn
17. Under perfect competition, the shape
…………. in the short run.
of demand curve of a firm is...............
a. Normal profit b. Loss
a. Vertical b. Horizontal
c. Super normal profit d. More loss
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c. Negatively sloped d. Positively sloped a. real wages b. nominal wages

18. In which market form, does absence of c. original wages d. transfer wages
competition prevail? 9. Residual Claimant Theory is propounded by
a. Perfect competition b. Monopoly a. Keynes b. Walker
c. Duopoly d. Oligopoly c. Hawley d. Knight
19. Which of the following involves 10. The reward given for the use of capital
maximum exploitation of consumers? a. rent b. wage
a. Perfect competition b. Monopoly c. interest d. profit

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c. Monopolistic competition d. Oligopoly 11. Keynesian Theory of interest is

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20. An example of selling cost is … popularly known as

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a. Raw material cost b. Transport cost a. Abstinence Theory

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c. Advertisement cost d. Purchasing cost b. Liquidity Preference Theory
UNIT – 6 c. Loanable Funds Theory d. Agio Theory
Distribution Analysis
Choose the correct answer
vi 12. According to the Loanable Funds Theory,
al
supply of loanable funds is equal to
1. In Economics, distribution of income is
.k

a. S + BC + DH + DI b. I + DS + DH + BM
among the
c. S + DS + BM + DI d. S + BM + DH + DS
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a. factors of production b. individual

13. The concept of meeting unexpected
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c. firms d. traders
expenditure according to Keynes is
2. Theory of distribution is popularlyknown as,
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a. Transaction motive b. Precautionary motive

a. Theory of product-pricing
c. Speculative motive d. Personal motive
b. Theory of factor-pricing c. Theory of
14. The distribution of income or wealth
wages
of a country among the individuals are
d. Theory of Interest
a. functional distribution
3. Rent is the reward for the use of
b. personal distribution c. goods distribution
a. capital b. labour
d. services distribution
c. land d. organization
15. Profit is the reward for
4. The concept of ‘Quasi-Rent’ is associated
a. land b. organization
with
c. capital d. labour
a. Ricardo b. Keynes
Innovation Theory of profit was given by
c. Walker d. Marshall
a. Hawley b. Schumpeter
5. The Classical Theory of Rent was
c. Keynes d. Knight
propounded by
17. Quasi-rent arises in
a. Ricardo b. Keynes
a. Man-made appliances b. Homemade items
c. Marshall d. Walker
c. Imported items d. None of these
6. ‘Original and indestructible powers of
18. “Wages as a sum of money are paid under
the soil’ is the term used by
contract by an employer to a worker for
a. J.S.Mill b. Walker
services rendered” –Who said this?
c. Clark d. Ricardo
a. Benham b. Marshall
7. The reward for labour is
c. Walker d. J.S.Mill
a. rent b. wage
19. Abstinence Theory of Interest was
c. profit d. interest
propounded by
8. Money wages are also known as
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
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a. Alfred Marshall b. N.W Senior 10. The number of deaths per thousand
c. Bohm-Bawerk d. Knut Wicksell population is called as …
20. Loanable Funds Theory of Interest is called a. Crude Death Rate
a. Classical Theory b. Modern Theory b. Crude Birth Rate c. Crude Infant Rate
c. Traditional Theory d. Neo-Classical Theory d. Maternal Mortality Rate
UNIT – 7 11. The number of births per thousand
Indian Economy population is called as
Choose the correct answer
a. Crude death rate b. Mortality rate

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1. The main gold mine region in
c. Morbidity rate d. Crude Birth Rate

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Karnataka is ………..
12. Density of population =

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a. Kolar b. Ramgiri
a. Land area / Total Population
c. Anantpur d. Cochin

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b. Land area / Employment
2. The measure of economic growth of a
c. Total Population / Land area of the region
country is indicated by ….. vi d. Total Population / Employment
a. GNP b. GDP
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13. Who introduced the National Development
c. NNP d. Per capita income
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Council in India?
3. Which one of the following is a developed
a. Ambedkar b. Jawaharlal Nehru
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nations ?
c. Radhakrishanan d. V.K.R.V. Rao
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a. Mexico b. Ghana c. France d. Sri Lanka

14. Who among the following propagated
4. The position of Indian Economy among the
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Gandhian Ecomomic thinkings.

other strongest economies in the world is ..
a. Jawaharlar Nehru b. VKRV Rao
a. Fourth b. Seventh c. Fifth d. Tenth
c. JC Kumarappa d. A.K.Sen
5. Mixed economy means ……
15. The advocate of democratic socialism was
a. Private sectors and banks
a. Jawaharlal Nehru b. P.C. Mahalanobis
b. Co-existence of Public and Private sectors
c. Dr. Rajendra Prasad d. Indira Gandhi
c. Public sectors and banks
16. The problem studied by Ambedkar in
d. Public sectors only
the context of Indian Economy is …….
6. The weakness of Indian Economy is
a. Small land holdings and their remedies
a. Economic disparities
b. Problem of Indian Currency
b. Mixed economy c. Urbanisation
c. Economics of socialism d. All of them
d. Adequate employment opportunities
17. Gandhian Economics is based on the
7. A scientific study of the characteristics
Principle
of population is ….
a. Socialistic idea b. Ethical foundation
a. Topography b. Demography
c. Gopala Krishna Gokhale
c. Geography d. Philosophy
d. Dadabhai Naoroji
8. The year 1961is known as …..
18. V.K.R.V Rao was a student of
a. Year of small divide
a. J.M. Keynes b. Colin Clark
b. Year of Population Explosion
c. Adam smith d. Alfred Marshal
c. Year of Urbanisation
19. Amartya Kumara Sen received the
d. Year of Great Divide
Nobel prize in Economics in the year
9. In which year the population of India
a. 1998 b. 2000 c. 2008 d. 2010
crossed one billion mark ?
a. 2000 b. 2001 c. 2005 d. 1991
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
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20. Thiruvalluvar's economic ideas mainly 11. The main objective of nationalisation
dealt with of banks was …….
a. Wealth b. Poverty is the curse in the society a. Private social welfare b. Social welfare
c. Agriculture d. All of them c. To earn d. Industries monopoly
UNIT – 8 12. The Planning Commission was setup in the
Indian Economy Before and After year …..
Independence
a. 1950 b. 1955 c. 1960 d. 1952
Choose the correct answer
13. In the first five year plan, The top priority

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1. The arrival of Vasco da Gama in Calicut,
was given to ……. Sector.

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India
a. Service b. Industrial

da
a. 1498 b. 1948 c. 1689 d. 1849
c. Agriculture d. Bank
2. In 1614 Sir Thomas Roe was successful in
14. Tenth Five year plan period was…….

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getting permission from
a. 1992-1997 b. 2002-2007
a. Akbar b. Shajakan vi
c. Jahangir d. Noorjakhan c. 2007-2012 d. 1997-2002
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15. According to HDR (2016), India
3. The power for governance of India
ranked …… out of 188 countries.
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was transferred from the East India

a. 130 b. 131 c. 135 d. 145
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Company (EIC) to the British crown in

16. Annual Plans formed in the year
a. 1855 b. 1858 c. 1868 d. 1878
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a. 1989-1991 b. 1990-1992
4. Ryotwari system was initially introduced in
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c. 2000-2001 d. 1981-1983
a. Kerala b. Bengal
17. The Oldest large scale industry in India
c. Tamil Nadu d. Maharastra
a. cotton b. jute
5. First World War started in the year
c. steel d. cement
a. 1914 b. 1814 c. 1941 d. 1841
18. Human development index (HDI) was
6. When did the Government of India
developed by
declare its first Industrial Policy ?
a. Jawaharlal Nehru b. M.K. Gandhi
a. 1956 b. 1991 c. 1948 d. 2000
c. Mahbub ul Haq and Amartiya Sen d. Tagore
7. The objective of the Industrial Policy 1956
19. The main theme of the Twelth Five Year
was ……..
Plan
a. Develop heavy industries
a. faster and more inclusive growth
b. Develop agricultural sector only
b. growth with social Justice
c. Develop private sector only
c. socialistic pattern of society
d. Develop cottage industries only
d. faster, more inclusive andsustainable growth
8. The industry which was de-reserved in 1993
20. The PQLI was developed by
a. Railways b. Mining of copper and zinc
a. Planning Commission b. Nehru
c. Atomic energy d. Atomic minerals
c. Morris d. Biswajeet
9. The father of Green Revolution in
UNIT – 9
India was ………… Development Experiences in India
a. M.S. Swaminathan b. Gandhi Choose the correct answer
c. Visweswaraiah d. N.R. Viswanathan 1. Which of the following is the way of
10. How many commercial banks were Privatisation?
nationalised in 1969 ? a. Disinvestment b. Denationalization
a. 10 b. 12 c. 14 d. 16 c. Franchising d. All the above
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2. Countries today are to be _____ for their c. 1st January 2017 d. 1st January 2016
growth. 13. The new economic policy is concerned
a. Dependent b. Interdependent with the following
c. Free trade d. Capitalist a. foreign investment b. foreign technology
3. The Arguments against LPG relate c. foreign trade d. all the above
to _________ 14. The recommendation of Narashimham
a. Economic growth b. More investment Committee Report was submitted in the year
c. Disparities among people and regions a. 1990 b. 1991 c. 1995 d. 2000

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d. Modernization 15. The farmers have access to credit under

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4. Expansion of FDI ____________ Kisan credit card scheme through the following

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a. Foreign Private Investment a. Co-operative banks b. RRBs

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b. Foreign Portfolio c. Public sector banks d. All the above
c. Foreign Direct Investment 16. The Raja Chelliah Committee on Trade
d. Forex Private Investment
vi Policy Reforms suggested the peak rate on
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5. India is the largest producer of ______ in the import duties at
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world. a. 25% b. 50% c. 60% d. 100%

a. fruits b. gold c. petrol d. diesel 17. The first ever SEZ in India was set up at
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6. Foreign investment includes__________ a. Mumbai b. Chennai

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a. FDI only b. FPI and FFI c. Kandla d. Cochin

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c. FDI and FPI d. FDI and FFI 18. ‘The Hindu Rate of Growth’ coined by
7. The Special Economic Zones policy Raj Krishna refers to
was announced in ___________ a. low rate of economic growth
a. April 2000 b. July 1990 b. high proportion of Hindu population
c. April 1980 d. July 1970 c. Stable GDP d. none
8. Agricultural Produce Market Committee is a 19. The highest rate of tax under GST is
a. Advisory body b. Statutory body ___________ (as on July1, 2017)
c. Both a and b d. non of these above a. 18% b. 24% c. 28% d. 32%
9. Goods and Services Tax is 20. The transfer of ownership from public
a. a multi point tax sector to private sector is known as ______
b. having cascading effects a. Globalization b. Liberalization
c. like Value Added Tax c. Privatization d. Nationalization
d. a single point tax with no cascading effects. UNIT – 10
10. The New Foreign Trade Policy was Rural Economy
Choose the correct answer
announced in the year_____________
1. Which is considered as the basic unit for
a. 2000 b. 2002 c. 2010 d. 2015
rural areas?
11. Financial Sector reforms mainly
a. Panchayat b. Village
related to _______________
c. Town d. Municipality
a. Insurance Sector b. Banking Sector
2. Which feature is identified with rural areas?
c. Both a and b d. Transport Sector
a. Low population density
12. The Goods and Services Tax Act came
b. High population density
in to effect on ________
c. Low natural resources
a. 1st July 2017 b. 1st July 2016
d. Low human resources
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ததொகுப் பு : ந.சண்முகசுந் தரம் (அறம் ஆசிரியர்) அ.எண்: 96598 38789

3. Identify the feature of rural economy. occurring only on a particular season?

a. Dependence on agriculture a. Open b. Disguised
b. High population density c. Seasonal d. Rural
c. Low level of population 13. Identify an example for rural industries?
d. Low level of inequality a. Sugar factory b. Mat making industry
4. What percentage of the total c. Cement industry d. Paper industry
population live in rural area, as per 2011 14. How much share of rural families in India
censes? is in debt?

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a. 40 b. 50 c. 60 d. 70 a. Half b. One fourth

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5. How do you term people employed in c. Two third d. Three fourth

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excess of the requirements? 15. Identify the cause for rural indebtedness

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a. Unemployment in India.
b. Underemployment or Disguised a. Poverty b. High population
Unemployment
vi c. High productivity d. Full employment
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c. Full employment d. Self-employment 16. In which year, Regional Rural Banks
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6. What is the term used to denote the came into existence?

coexistence of two different features in a. 1965 b. 1970 c. 1975 d. 1980
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an economy? 17. Identify the year of launch of MUDRA

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a. Technology b. Dependency Bank?

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c. Dualism d. Inequality a. 1995 b. 2000 c. 2010 d. 2015

7. The process of improving the rural areas, 18. Identify the year in which National
rural people and rural living is defined as Rural Health Mission was launched.
a. Rural economy b. Rural economics a. 2000 b. 2005 c. 2010 d. 2015
c. Rural employment d. Rural development 19. Identify the advantages of rural roads.
8. Identify the agriculture related problem of a. Rural marketing b. Rural employment
rural economy. c. Rural development d. All the above
a. Poor communication 20. “ An Indian farmer is born in debt, lives in
b. Small size of landholding debt, dies in debt and bequeaths debt”-who
c. Rural poverty d. Poor banking network said this?
9. The recommended nutritional intake per a. Adam Smith b. Gandhi
person in rural areas. c. Amartya Sen d. Sir Malcolm Darling
a. 2100 calories b. 2100 calories UNIT – 11
c. 2300 calories d. 2400 calories Tamil Nadu Economy
Choose the correct answer
10. Indicate the cause for rural poverty.
1. In health index, Tamil Nadu is ahead of
a. Lack of non-farm employment
a) Kerala b) Punjab
b. High employment
c) Gujarat d) all the above
c. Low inflation rate d. High investment.
2. In sex ratio, Tamil Nadu ranks
11. What is the other name for concealed
a) first b) second
unemployment?
c) third d) fourth
a. Open b. Disguised
3. Tamil Nadu is rich in
c. Seasonal d. Rural
a) Forest resource b) human resource
12. How do you term the employment
c) mineral resource d) all the above
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
ததொகுப் பு : ந.சண்முகசுந் தரம் (அறம் ஆசிரியர்) அ.எண்: 96598 38789

4. The main source of irrigation in Tamil Tamil Nadu comes from

Nadu is a) agriculture b) industry
a) river b) tank c) well d) canals c) mining d) services
5. Knitted garment production is concentrated 16. In human development index, TN is ranked
in a) second b) fourth c) sixth d) third
a) Coimbatore b) Tiruppur 17. SPIC is located in
c) Erode d) Karur a) Chennai b) Madurai
6. Which of the following is wrongly matched? c) Tuticorin d) Pudukkottai

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a) Gateway of Tamil Nadu – Thoothukudi 18. The TICEL park is

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b) Home textile city - Erode a) Rubber Park b) Textile park

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c) Steel city - Salem c) Food park d) Bio park
– Coimbatore 19. In India’s total cement production,

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d) Pump city
7. Which one of the following cities does not Tamil Nadu ranks
have international airport?
vi a) third b) fourth c) first d) second
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a) Madurai b) Tiruchirappalli 20. The Headquarters of Southern Railway is at
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c) Paramakudi d) Coimbatore a) Tiruchirappalli b) Chennai

8. TN tops in the production of the c) Madurai d) Coimbatore.
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following crops except UNIT – 12

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a) Banana b) Coconut Mathematical Methods for Economics

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Choose the correct answer

c) plantation crops d) cardamom
1. Mathematical Economics is theintegration of
9. Largest area of land is used in the cultivation
a. Mathematics and Economics
of
b. Economics and Statistics
a) Paddy b) sugarcane
c. Economics and Equations
c) Groundnut d) Coconut
d. Graphs and Economics
10. In literacy rate, TN ranks
2. The construction of demand line or supply
a) second b) fourth c) sixth d) eighth
line is the result of using
11. In investment proposals filed by MSMEs,
a. Matrices b. Calculus
TN ranks
c. Algebra d. Analytical Geometry
a) I b) II c) III d) IV
3. The first person who used mathematics in
12. Which district in TN has the highest sex
Economics is
ratio?
a. Sir William Petty b. Giovanni Ceva
a) Nagapattinam b) Nilgiris
c. Adam Smith d. Irving Fisher
c) Tiruchirappalli d) Thanjavur
4. Function with single independent variable is
13. Which district has the lowest child sex
known as
ratio?
a. Multivariate Function b. Bivariate Function
a) Madurai b) Theni
c Univariate Function d. Polynomial Function
c) Ariyalur d) Cuddalore
5. A statement of equality between two
14. Which Union Territory has the highest sex
quantities is called
ratio?
a. Inequality b. Equality
a) Chandigarh b) Pondicherry
c. Equations d. Functions
c) Lakshadeep d) Andaman Nicobar
15. The largest contribution to GSDP in
 அறம் பயிற் சி மமயம் , மடத்துக்குளம்
ததொகுப் பு : ந.சண்முகசுந் தரம் (அறம் ஆசிரியர்) அ.எண்: 96598 38789

6. An incremental change in dependent a. 4 b. 3 c. 16 d. 8

variable with respect to change in independent 18. Integration is the reverse process of
variable is known as a. Difference b. Mixing
a. Slope b. Intercept c. Amalgamation d. Differentiation
c. Variant d. Constant 19. Data processing is done by
7. (y - y1) = m(x - x1) gives the a. PC alone b. Calculator alone
a. Slope b. Straight line c. Both PC and Calculator d. Pen drive
c. Constant d. Curve 20. The command Ctrl + M is applied for

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8. Suppose D = 50 - 5P. When D is zero then a. Saving b. Copying

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a. P is 10 b. P is 20 c. getting new slide d. deleting a slide

da
c. P is 5 d. P is -10

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9. Suppose D = 150 - 50P. Then, the
slope is
a. -5 b. 50 c. 5 d. -50
vi
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10. Suppose determinant of a matrix 0, then the
.k

solution
a. Exists b. Does not exist
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c. is infinity d. is zero
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11. State of rest is a point termed as

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a. Equilibrium b. Non-Equilibrium
c. Minimum Point d. Maximum Point
12. Differentiation of constant term gives
a. one b. zero c. infinity d. non-infinity
13. Differentiation of xn is
a. nx(n-1) b. n x (n+1) c. zero d. one
14. Fixed Cost is the -----------term in cost
function represented in mathematical form.
a. Middle b. Price c. Quantity d. Constant
15. The first differentiation of Total Revenue
function gives
a. Average Revenue b. Profit
c. Marginal Revenue d. Zero
16. The elasticity of demand is the ratio of
a. Marginal demand function and Revenue
function
b. Marginal demand function to Average
demand function
c. Fixed and variable revenues
d. Marginal Demand function and Total
demand function
17. If x+y = 5 and x-y= 3 then, Value
of x