JOIN ADRE 2.0 Telegram Group

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

Questions
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
Advertisement
Article and Schedule Quiz Start Test!

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

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

ADRE 2.0 FULL LENGTH MOCK TEST

Take Mock Tests

Missiles Mock Test Start Test!
SSC MTS Mock Test Start Test
IBPS CLERK MOCK TEST Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH) Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi) Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH) Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH) Start Test!
IB Security Assistant Mock test 1 (english) Start Test!
UP POLICE CONSTABLE MOCK TEST 1 Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI) Start Test!
Advertisement
Assam Direct Recruitment Test Series