11th Economics Important EM Practice
11th Economics Important EM Practice
11th Economics Important EM Practice
Ed
11th Economics Important Questions
Important 2 Marks
1. What is meant by Economics?
2. Define microeconomics.
Micro Economics is the study of the economic actions of individual units say
households, firms or industries.
3. Distinguish goods from services.
4. Name any two types of utility.
5. Define positive economics.
6. Give the meaning of deductive method.
7. Mention the classifications of wants.
8. What are the degrees of price elasticity of Demand?
9. Write the formula of consumers surplus.
10. What are Giffen goods? Why it is called like that?
11. Classify the factors of production.
12. Define Labour.
13. State the production function.
14. What are the reasons for upward sloping supply curve?
15. Define Revenue.
16. Give the definition for ‘Real Cost’.
17. What is meant by Sunk cost?
18. Define Market.
19. Who is price-taker?
20. Define “Excess capacity”.
21. What is meant by distribution?
22. Mention the types of distribution.
23. Define ‘Rent’.
24. What is profit?
25. What do you mean by interest?
26. State the meaning of liquidity preference.
27. Write the meaning of Economic Growth.
28. Write the short note on natural resources.
29. Point out any one feature of Indian Economy.
30. Give the meaning of non-renewable energy.
31. What are the Phases of colonial exploitation of India?
32. List out the weaknesses on Green Revolution.
33. Why was structural reform implemented in Indian Economy?
34. State the reasons for implementing LPG.
35. State the meaning of Privatization.
36. Define disinvestment
37. Write three policy initiative introduced in 1991 – 92 to correct the fiscal
imbalance.
38. Define Rural Economy..
39. What do you mean by Rural Development?.
40. Rural Poverty – Define.
41. Define Cottage Industry.
Important 5 Marks
1. Compare and contrast various definitions of Economics.
2. Elaborate the nature and scope of Economics.
3. Explain the law of demand and itsnexceptions.