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CBSE Class 11 Social Science Quiz | CBSE Class 11 Social Science Multiple Choice Questions(MCQs) & Answers

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Free download in PDF CBSE Class 11 Social Science Multiple Choice Questions(MCQs) & Answers. Here Gkseries provide Social Science Solve Questions and Answers for CBSE Class 11 Students.
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(1) The example of agriculture price support program is?
[A] A price ceiling
[B] A price floor
[C] Equilibrium pricing
[D] None of the above
Answer: A price floor
(2) The law of demand means?
[A] As the quantity demanded rises, the price rises
[B] As the price rises, the quantity demanded rises
[C] As the price rises, the quantity demanded falls
[D] As supply rises, the demand rises
Answer: As the price rises, the quantity demanded falls

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(3) The goal of a pure market economy is to meet the desire of?
[A] Consumers
[B] The government
[C] Companies
[D] Workers
Answer: Consumers
(4) “Capitalism” refers to?
[A] The use of market
[B] Government ownership of capital
[C] Private ownership of capital goods
[D] Private ownership of homes & cars
Answer: Private ownership of capital goods
(5) The main economic problem faced by all society is.
[A] Scarcity
[B] Poverty
[C] Unemployment
[D] Inequality
Answer: Scarcity
(6) The bowed shape of the production possibilities curve illustrates.
[A] Law of Increasing Marginal Cost
[B] The demand is relatively elastic
[C] The production is unattainable
[D] The production is inefficient
Answer: Law of Increasing Marginal Cost
(7) Why statistically the unemployment rate is low in India?

Unemployment is calculated only from the age group 15 years to 59 years

Unemployment survives only when an individual cannot find a job

People are not interested in working outside the domestic area

Choose the correct option.
[A] Only 3
[B] 2 and 3
[C] Only 2
[D] All of the above
Answer: Only 2
(8) What is the Gross National Product?
[A] The total value of Good and services manufactured in the country
[B] The total value of all the transactions in the country
[C] Reduction in the total value of goods and services produced in the country
[D] The total worth of goods and services generated in the country and net factor income from abroad.
Answer: The total worth of goods and services generated in the country and net factor income from abroad.
(9) What does Price flooring mean?
[A] Equilibrium
[B] Shortage
[C] Surpluses
[D] None of these
Answer: Surpluses
(10) Which of the below-mentioned institute are linked with the financial sector of India controlled by the Reserve Bank of India (RBI)?
[A] Stock Exchange Operations
[B] Commercial Bank
[C] Money Lenders
[D] All the above
Answer: Stock Exchange Operations
(11) In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities?
[A] Commercial Banks
[B] Microfinance institutions
[C] Regional Rural Banks
[D] Cooperative Banks
Answer: Commercial Banks
(12) What things are taken into consideration while revising the poverty line periodically.
[A] By conducting a survey every five years
[B] National Sample Survey Organisation carry out the survey
[C] Both a and b are taken into consideration
[D] None of the above
Answer: Both a and b are taken into consideration
(13) The reason for the decline in the child sex ratio in India is.
[A] Low fertility rate.
[B] Female foeticide
[C] Incentives for boy child from government
[D] None of the above
Answer: Female foeticide
(14) What do you mean by Gross National Product?
[A] Depreciation in the total value of goods and services produced in the country
[B] The total value of all transactions in the country
[C] The total value of goods and services produced in the country
[D] The total value of goods and services produced in the country and net factor income from abroad
Answer: The total value of goods and services produced in the country and net factor income from abroad
(15) Starting from the time of Independence India followed a planned economy because.

India followed a five-year plan and required an outlook

Indian constitution directive principles indicated the planned vision of India

The five-year plan does not indicate how much of each and every good and service is to be produced.

Choose the correct statements using the option below.
[A] Only 2
[B] 2 and 3
[C] 1 and 3
[D] All the above
Answer: 2 and 3
(16) What do you mean by demand of a commodity?
[A] Quantity of the commodity demanded at a certain price during any particular period of time
[B] Quantity demanded of that commodity
[C] Need for the commodity
[D] A desire for the commodity
Answer: Quantity of the commodity demanded at a certain price during any particular period of time
(17) What do you mean by a mixed economy?
[A] Modern and traditional industries
[B] Public and private sectors
[C] Foreign and domestic investments
[D] Commercial and subsistence farming
Answer: Public and private sectors
(18) The relation that the law of demand defines is.
[A] Income and price of a commodity
[B] Price and quantity of a commodity
[C] Income and quantity demanded
[D] Quantity demanded and quantity supplied
Answer: Price and quantity of a commodity
(19) What do you mean by under conditions of perfect competition in the product market?
[A] MRP=VMP
[B] VMP>MRP
[C] MRP>VMP
[D] None of the above
Answer: MRP=VMP
(20) What do you mean by the supply of goods?
[A] Quantity of the good offered for sale at a particular price per unit of time
[B] The actual production of the good
[C] Total stock in the warehouse
[D] Stock available for sale
Answer: Quantity of the good offered for sale at a particular price per unit of time

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