CBSE Multiple Choice Type Questions for 11th Class Economics PDF formatted study resources are available for free download. These Grade 11 Economics CBSE MCQ Mock Test helps you learn & practice the concepts in a fun learning way.

Here are the chapterwise CBSE MCQ Quiz Test Questions for Class 11th Economics in pdf format that helps you access & download so that you can practice online/offline easily.

- Collection Of Data Class 11 Commerce Economics MCQ Questions
- Correlation Class 11 Commerce Economics MCQ Questions
- Index Numbers Class 11 Commerce Economics MCQ Questions
- Introduction To Economics Class 11 Commerce Economics MCQ Questions
- Introduction To Microeconomics Class 11 Commerce Economics MCQ Questions
- Market Equilibrium Class 11 Commerce Economics MCQ Questions
- Measures Of Central Tendency Class 11 Commerce Economics MCQ Questions
- Measures Of Dispersion Class 11 Commerce Economics MCQ Questions
- Non-Competitive Markets Class 11 Commerce Economics MCQ Questions
- Organisation Of Data Class 11 Commerce Economics MCQ Questions
- Presentation Of Data Class 11 Commerce Economics MCQ Questions
- Production And Costs Class 11 Commerce Economics MCQ Questions
- Theory Of Consumer Behaviour Class 11 Commerce Economics MCQ Questions
- The Theory Of The Firm Under Perfect Competition Class 11 Commerce Economics MCQ Questions
- Use Of Statistical Tools Class 11 Commerce Economics MCQ Questions

Collection Of Data Quiz Question | Answer |
---|---|

The standard error of the proportion is given by ________. | $$\sqrt{\dfrac{P(1 - P)}{n}}$$ |

Un-biased errors may arise ______________. | from the difference between the items that are included in the sample and items that are not included |

Primary data may be collected by __________________. | Any of the above |

Under _________, a well designed questionnaire is mailed to the informants with a request to fill it up and return the same within the specific time schedule. | mailed questionnaire method |

Primary data is more ________________. | All of above |

Alternative hypothesis is equal to____________. | $$\bar{X} \neq \mu$$ |

Which of the following is/are not internal sources of secondary data. | Business journals |

NSSO is the _______________. | National Sample Survey Organization |

Biased errors may arise __________. | some items are chosen deliberately in a random sampling method |

Which of the following is not a method of collection of primary data. | Demonstration |

Correlation Quiz Question | Answer |
---|---|

Francis Galton used the regression analysis to study the relationship between the heights of about _________. | 1000 fathers and sons |

If the two regression coefficients are 0.8 and 0.2,then the value of coefficient of correlation is __________. | +0.40 |

The total expenditure of the company over these items during the year $$2000$$ is? |
$$Rs. 544.44\ lakhs$$ |

In correlation, there is______________. | no cause and effect relationship |

If $$\displaystyle cov\left( X,Y \right) =1,var\left( X \right) =1,var\left( Y \right) =4$$ then $$Cor(X,Y)=$$ | $$\displaystyle \frac { 1 }{ 2 } $$ |

Total number of candidates qualified from all the states together in $$1997$$ is approximately what percentage of the total number of candidates qualified from all the states together in $$1998$$? |
$$80$$% |

Choose the negative correlation between two variables. | As chicken gets older , they lay fewer eggs. |

If increase in value of one variable is accompanied by the proprtional increase in second variable, then corrrelation between two variables is | perfect positive |

Choose the example of negative correlation. | None of the above |

The total amount of bonus paid by the company during the given period is approximately what percent of the total amount of salary paid during this period? |
$$1$$% |

Index Numbers Quiz Question | Answer |
---|---|

Consumer price index numbers are obtained by: | Laspeyre's formula |

Most commonly used index number is: | Price index number |

Index numbers can be used for: | Forecasting |

_______ requires that the product of price index and the corresponding quantity index number should be equal to the value index number. | Factor reversal test |

_______ is the short form of Bombay Stock Exchange Sensitive. | SENSEX |

An index number that can serve many purposes is called: | General purpose index |

Price relatives are a percentage ratio of current year price and: | Base year price |

In constructing index number geometric mean relatives are: | Reversible |

_____ indicates the changes in monetary value | Price Index |

Index number is an ______ barometer. | economic |

Introduction To Economics Quiz Question | Answer |
---|---|

___________ was used in earlier days by Germans which is Statistics. | Statistik |

Which of the following points do not reflect statistics? | It describes ways of analyzing qualitative data. |

According to Tippet, Statistics is____. | both a science and an art |

Characteristic(s) of statistics___________. | statistical data are enumerated or estimated |

Which of the following sentence shows distrust about statistics? | All of above |

Which of the following statements is false? | Statistics is derived from the French word 'statistik'. |

The word 'Statistics' as used in earlier days by Italian____. | Statista |

The word 'Statistics' as used in earlier days by Germans is ____________. | statistik |

Range of probability distribution with 68.26% lies within __________________. |
$$(+ 1 \sigma$$ and $$-1\sigma )$$ |

Statistics must relate to_____facts. | Aggregate |

Introduction To Microeconomics Quiz Question | Answer |
---|---|

Which of the following definition of financial management is given by "Massie"? | Financial management is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations. |

Which of these statement is true about production possibility curve (PPC/PPF)? |
It shows various combination of two goods which, an economy can produce with a given amount resources |

___________ economics explains cause and effect relationship between economic phenomena. | Positive |

Administered price mechanism is also called __________. | both A & B |

Positive economics is concerned with ________. | what is? |

Which of these is a normative statement? | Forward trading in commodities ought to be banned to curb rising prices. |

If a point falls inside the production possibility curve, what does it indicate? | Both b and c |

The price given for labour is usually called salaries and wages. | True |

Normative economic theory deals with ___________. | how the problem should be solved |

Which point of PPF are attainable ? |
Inside |

Market Equilibrium Quiz Question | Answer |
---|---|

Which theory is called as 'Veblenian Model'? | Socio-cultural theory |

The difference between the minimum price the producer is willing to accept and the equilibrium price is called ________. | producers surplus |

When there is excess demand for a commodity, the 'Law of demand' implies that __________. | price of the commodity rises |

Which of the following happens when aggregate supply exceeds aggregate demand? | Inventories accumulate |

More goods kept for self-consumption will ____________ supply. | decrease |

Total outlay is price multiplied by quantity. | True |

Demand curve slopes upwards from left to right. | False |

All desires are not demand. | True |

The consumer is in equilibrium when __________. |
the price line is tangent to the indifference curve |

According to the World Development Report 2006, brought out by the World Bank, countries with per capita income of Rs. 4,53,000 p.a. and above are called __________________. | Rich countries |

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Measures Of Central Tendency Quiz Question | Answer |
---|---|

The weight ( in kg ) of $$5$$ men are $$62, 65, 69, 66$$ and $$61.$$ The median is |
$$65$$ kg |

_________ of a distribution is that value of the variant which divides it into two equal parts. | Median |

What is a reasonable explanation for a data set of the test score of 75 students in which the mean score is 81 and the median is 68? | Two extremely high scores |

The sum of four consecutive odd integers $$w, x, y,$$ and $$z$$ is $$24$$. What is the median of the set $$\left \{w, x, y, z, 24\right \}$$? | $$7$$ |

Let the sum of the first three terms of an A.P. be $$39$$ and the sum of its last four terms be $$178$$. If the first term of this A.P. is $$10$$, then the median of the A.P. is: | $$29.5$$ |

Median of the data: $$1, 9, 4, 3, 7, 6, 8, 8, 12, 15$$ is. | $$7.5$$ |

The median of $$10,\space 14,\space 11,\space 9,\space 8,\space 12,\space 6$$ is | $$10$$ |

The mean of $$x, y, z$$ is $$y$$, then $$x+z =$$ | $$2y$$ |

A set of numbers consists of three $$4$$'s, five $$5$$'s, six $$6$$'s, eight $$8$$'s and seven $$10$$'s. The mode of this set of numbers is | $$8$$ |

A student obtained $$60, 75$$ and $$85$$ marks respectively in three monthly examinations in Mathematics and $$95$$ marks in the final examination. The three monthly examinations are of equal weightage whereas the final examination is weighted twice as much as a monthly examination. The mean marks of Mathematics are | $$82$$ |

Measures Of Dispersion Quiz Question | Answer |
---|---|

If the group data has open end classes, one cannot calculate ________. | mean |

If modal value is not clear in a distribution, it can be ascertained by the method of ________. | grouping |

If for a series the arithmetic mean is $$25$$ and the harmonic mean is $$9$$, what is the geometric mean? | $$15$$ |

$${X}^2$$ test is equal to____________. | $$\dfrac {{\Sigma}(O - E)^2}{E}$$ |

From the following detail find out coefficient of Quartile Deviation. $$3=64,Q1=50$$ |
$$12.28$$% |

According to ________, "Dispersion is the measure of variations of items". | A.L. Bowley |

If Mean deviation is 16 then the standard deviation of the data is____. | 20.0 |

What is the Relative counterpart of Standard Deviation ? | Coefficient of Variation |

The Gini Coefficient lies between ______. | 0-1 |

Average of $$12$$ members = $$11.0$$. Average of the first six members = $$10.5$$, average of the last six members = ______. | $$11.5$$ |

Non-Competitive Markets Quiz Question | Answer |
---|---|

There is no difference between firm and industry in the case of _______. | perfect competition |

Equilibrium of monopolist will never lie below the middle point of the average revenue curve because below the middle point _________. | both (a) and (b) |

A perfectly competitive industry becomes a monopoly with same cost conditions, it will now sell _________. | a reduced output at a higher price |

Under perfect market and in case of decreasing marginal cost the firm's equilibrium with respect to level of production _________. | cannot be achieved |

In figure, the firm's most efficient output is _______. |
ON |

Which is the best definition of the marginal firm? | The firm which makes only normal profit. |

Examples of monopolistic competition I. grocery stores II. petrol stations III. shoe-repairing shops IV. dry-cleaning establishment |
III and IV are correct |

Monopoly power indicates the __________. |
extent of the departure from the competitive behaviour |

The quantity purchased by the consumers is _______ function of the price. |
decreasing |

Monopoly is not considered desirable from the point of view of the society mainly because the monopolist endeavours to________. |
Produce below economic capacity level when he exhibits satisfaction with normal profit only |

Organisation Of Data Quiz Question | Answer |
---|---|

Which is true? | $$[(1/50) \, = \, (1/80)]$$. |

Which one of the following represents the number $$8$$: | |

In a frequency distance with classes $$0-10, 10-20$$ and so on, the size of class interval is $$10$$. lower limit of fourth class is | $$30$$ |

Count the tally marks |
$$5$$ |

The size of the each class intervals is: | $$10$$ |

Range of $$14, 12, 17, 18, 16$$ and $$x$$ is $$20$$. Find $$x$$ $$(x > 0)$$ | $$32$$ |

In an examination, $$10$$ students scored the following marks in Mathematics: $$35, 19, 28, 32, 63, 02, 47, 31, 13, 98$$. Its range is |
$$96$$ |

The difference between upper and lower limit is called | class size |

An orderly distribution of the raw data into certain specified categories is known as |
frequency distribution |

Data available in unorganized form is called | raw data |

Presentation Of Data Quiz Question | Answer |
---|---|

Year wise production of rice, wheat and maize for last ten years can be displayed by : | Multiple column chart |

The data may be said to be classified ' quantitatively', when data relates to ___________________. | numerical values or magnitudes |

Upto $$6$$ songs are totally made by how many music directors? |
$$50$$ |

The purpose of classifying raw data is to ____________. | both A and B |

How many students got more than $$70$$ marks? |
$$47$$ |

In which age students do have the least number of mobile phones? |
$$12$$ |

In the following frequency distribution the number of students whose age is less than $$20$$ years is : |
$$17$$ |

_____ represents data that changes continuously over period of time. | Line graph |

The following line graph shows the yearly sales figures for a manufacturing company. What were the sales (in Rs. crores) in $$2006$$? |
$$8$$ |

The following graph shows the temperature of a patient in a hospital, recorded every hour. What was the temperature at 1.30 p.m.? |
$$36.5^{0}C$$ |

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Production And Costs Quiz Question | Answer |
---|---|

Production function shows the ______________. |
input-output possibilities |

The producer's demand for a factor of production is governed by the ________ of that factor. | marginal productivity |

Production function relates ________. | input and output |

Which of the following curves re not U-shaped? |
AFC Curve |

Which of the following are factors of production? | All of them |

Which activity is not included in production? | Services done by a house-wife in her own house |

The long run cost curves are __________________. |
Flatter than the short-run cost curves |

The law of returns refers to |
The amount of extra output secured by adding to a fixed input, more and more variable inputs |

According to Marshall, the law of diminishing returns applies only to _______________. |
agriculture |

When the marginal cost rises, the average cost also rises, but _____________. |
the marginal cost rises more rapidly than the average cost |

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Theory Of Consumer Behaviour Quiz Question | Answer |
---|---|

A consumer consuming two goods will be in equilibrium, when the marginal utilities from both goods are |
Maximum possible positive |

When the price of complementary products falls the demand of the other product will __________. |
increases |

If customers' taste or liking for an item increases with additional consumption, then the Law of Diminishing Marginal Utility will still hold good. This statement is _________. | False |

.............refers to the effect of a change in the price of a product on the Consumer's purchasing power. | Income Effect |

The demand function of a product x is dx=16-3Px, where Px stand for market price and dx stand for demand.Find the number of customer if the aggregate demand at a market price of Rs.3 per unit amount to 28,000___________. | 4,000 |

Which of these cannot be considered exception to law of demand? | Population composition |

Demand curve in most cases slopes ____________. | downward towards right |

Group of more than one indifference curve is called a/an ________________. | indifference map |

The demand function of a product x is as dx=14-3Px,where Px stand for price and dx for demand.Find the number of customer if the aggregate demand at market price of Rs.4 per unit is 10,000____________. | 5000 |

A consumer picking combination on higher indifference curve will get _______. | higher level of satisfaction combination |

The Theory Of The Firm Under Perfect Competition Quiz Question | Answer |
---|---|

Rent will be produced at that time when ________. | elasticity of supply of land is perfectly elastic |

The horizontal demand curve parallel to X-axis implies that the elasticity of demand is ______. | infinite |

Land is the only factor of production whose supply is _____. | perfectly inelastic |

Demand for factors of production is ______. | derived demand |

The cost of one thing in terms of the alternative given up is called ______. | opportunity cost |

The market period supply curve for perishable commodities is ________. | perfectly inelastic |

What minimum price is acceptable to a firm in the short-period? | Equal to AVC |

The MR will be equal to AR in ____________. |
perfect competition |

How many degrees are there to measure the elasticity of supply? | Five |

Supply is said to be less elastic when a big change in price brings about a big change in supply. | False |

Use Of Statistical Tools Quiz Question | Answer |
---|---|

What is qualitative analysis? | Identification of unknown substance by chemical tests. |

Statistics studies _________ information. | quantitative |

The colour of bromine solution is : | Red |

Which term is the best match for the color of a chemical substance students make note of: | qualitative data |

In sodium extract nitrogen is present as: |
sodium cyanide |

Purity of organic liquid can be checked by its characteristic : | boiling point |

Ammonium nitrate on heating gives ___________. | nitrous oxide |

The indicator which is used to find the strength of caustic soda solution with the help of oxalic acid is: | Phenolphthalein |

Sodium extract gives blood red colour when treated with $$FeCl_{3}$$. Formation of blood red colour confirms the presence of: |
both nitrogen and sulphur |

Which of the following elements in an organic compound cannot be detected by Lassaigne's test? | Hydrogen |

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