Podcast
Questions and Answers
Who presented economics as a positive science?
Who presented economics as a positive science?
The monetary unit paid in exchange for goods or services is known as?
The monetary unit paid in exchange for goods or services is known as?
What type of economic change is 'drought' classified as?
What type of economic change is 'drought' classified as?
How many methods are there to measure the relative value of demand?
How many methods are there to measure the relative value of demand?
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What is the relationship between price and supply?
What is the relationship between price and supply?
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Study Notes
Exam Information
- Date: October 12, 2023
- Day: Thursday
- First Exam of 2023
- Grade: 11
- Subject: Economics
- Total Marks: 50
- Duration: 2 hours
Instructions
- All sections and questions are mandatory.
- Numbers on the left side indicate total marks for each question.
- Read the question paper carefully and complete it within the allocated time.
- Do not mark or write answers anywhere on the question paper.
Section A
- Each question has multiple-choice options; choose the correct answer.
- Each correct answer carries 1 mark.
Key Economics Concepts
-
Economist who presented economics as a positive science:
- Adam Smith
- Robbins
- Samuelson
- Marshall
-
Definition of the monetary unit exchanged for goods or services:
- Price
- Value
- Exchange
-
Economic change associated with "drought":
- Cyclical
- Accidental
- Long-term
- Conditional
-
Number of ways to measure the relative price:
- Three
- Four
- Five
- Seasonal
-
Relationship between the price of a good and its supply:
- Direct
- Inverse
- Equal
- Zero
Additional Notes
- Focus on understanding the relationship concepts in economics, such as demand-supply dynamics and economic changes.
- Familiarize with fundamental definitions and terms like price, value, and exchange.
- Review the impact of economic conditions on supply and demand, particularly specific events like droughts that can lead to long-term economic changes.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Prepare for your Class 11 Economics exam with this comprehensive quiz. The test consists of various sections covering multiple-choice questions designed to evaluate your understanding of the subject matter. Make sure to read the questions carefully and complete the quiz within the allocated time.
