11th ECONOMICS MODEL QUESTION PAPER - 2020-2021 - Model -4





Time Allowed: 3.00 hrs.

Max. Marks: 90


1) Check the question paper for fairness of printing. If there is any lack of fairness, inform the Hall Supervisor immediately.

2) Use blue or black ink must be used to write and underline. Pencil can be used to draw the diagrams.


Note: (i) All questions are compulsory.


 (ii) Choose the most appropriate answer from the given four alternatives and write the option code with the corresponding answer.

1. ‘Economics is a study of mankind in the ordinary business 

of life’. This is a statement of ________.

a) Adam Smith 

b) Lionel Robbins

c) Alfred Marshall 

d) Samuelson

2. Marginal utility is measured by using the formula of 


a) TUₙ – TUₙ- ₁

b) TUₙ – TUₙ+ ₁

c) TUₙ + TUₙ+ ₁

d) TUₙ – TUₙ+ ₁

3. The indifference curve are ________.

a) vertical 

b) horizontal

c) positive sloped 

d) negatively sloped 

4. In a firm 5 units of factors produce 24 units of theproduct. When the number of factor increases by one the production increases to 30 units, calculate the average product.

a) 30 

b) 6

c) 5 

d) 24

5. Which of the following is not a characteristic of land?

a) It’s limited supply 

b) It is mobile

c) Heterogeneous

d) Gift of nature 

6. Assertion (A) : In short run, the marginal cost of output is the cost of additional labour and materials used in production.

Reason (R) : Materials and labour used in production alone vary in short run.

a) (A) is correct and (R) is incorrect.

b) (A) is incorrect but and (R) is correct.

c) Both (A) and (R) are correct and (R) is the correct explanation of (A).

d) Both (A) and (R) are incorrect.

7. A book seller sold 40 books with the price of Rs.10 each. The total revenue of the seller is ________.

a) 100 

b) 200

c) 300 

d) 400 

8. In monopoly, MR curve lies below ________.

a) TR

b) MC

c) AR

d) AC

9. An example of selling cost is ________.

a) raw material cost 

b) transport cost 

c) advertisement cost 

d) purchasing cost

10. ‘Original and indestructible powers of the soil’ is the term used by ________.

a) J.S.Mill

b) Walker

c) Clark

d) Ricardo

11. The main gold mine region in Karnataka is ________.

a) Kolar

b) Ramgiri

c) Anantpur 

d) Cochin

12. VKRV Rao was a student of ________.

A) J.M.Keynes

B) Colin Clark

C) Adam Smith 

D) Alfred Marshall 

13. When did the Government of India declared its first Industrial policy?

A) 1956 

B) 1991

C) 1948 

D) 2000

14. The PQLI was developed by ________.

a) Planning Commission

b) Nehru

c) Morris

d) Morrisd Biswajeet

15. Foreign investment includes ________.

a) FDI only

b) FDI and FFI

c) FDI and FPI

d) FDI and FFI 

16. The highest rate of tax under GST is ________ as on 


a) 18 %

b) 24 %

C) 28 %

D) 32 %

17. Tamil Nadu is rich in ________.

a) forest resource

b) human resources

c) mineral resource

d) all the above

18. Match the following:

1. MSME- National Simple Survey Organisation

2. MUDRA - Micro Units Development and Refinance Agency Bank

3. MGNREGS - Micro Small & Medium Enterprises

4. NSSO - Mahatma Gandhi National Rural Educational Guarantee Sexample

a) 1 2 3 4

b) 3 2 4 1

c) 3 1 2 4

d) 3 4 2 1

19. Tamil Nadu has ________ major international airports.

a) two

b) one

c) four

d) five

20. Differentiation of Xn is ________.

a) nx (n–1)

b) nx(n+1)

c) zero

d) one


Note: Answer any seven questions. Q. No. 30 is compulsory.


21. What is meant by Economics?

22. Mention the classifications of wants.

23. What is ISO-cost line?

24. What do you mean by fixed cost?

25. Point out the essential features of pure competition.

26. Give the meaning of non-renewable energy.

27. State the meaning of Privatization.

28. What is meant by disguised unemployment?

29. What are major ports in Tamil Nadu?

30. Who is Sir William Petty?


Note: Answer any seven questions. Q. No. 40 is compulsory.


31. Distinguish between micro economics and macro economics.

32. What are the properties of indifference curves?

33. Write a short note on marginal revenue.

34. State the meaning of selling cost with an example

35. Define Economic Development.

36. Elucidate the different types of land tenure system in colonial India.

37. How do you justify the merits of privatisation?

38. Write a short note on agro-based industries.

39. Describe development of textile industry in Tamil Nadu.

40. Solve the following linear equations by using Cramer’s rule.

x₃ – x₂ + x₃= 2

X₁ + x₂– x₃ = 0

–x₁ – x₂ – x₃= –6


Note: Answer all the questions.


41. a) Explain the basic problems of the economy with the help of 

production possibility curve.


b) Explain the law of equi-marginal utility.

42. a) Elucidate the laws of returns to scale illustrate.


b) Bring out the relationship between AR and MR curves under various price conditions. 

43. a) Bring out the features of perfect competition.


b) Illustrate the Ricardian theory of rent.

44. a) Bring out Jawaharlal Nehru’s contribution to the idea of economic development.


b) Describe the performance of 12th five year plan in India.

45. a) Discuss the agrarian crisis after reforms in India.


b) Analysis the causes for Rural Indebedness.

46. a) Explain the various sources of energy in Tamil Nadu.


b) What are the steps involved in making a power point presentation?

47. a) A firm faces the demand schedules P = 184 – 49 and TC function TC = 9₃ – 219₂ + 1609 + 40. What output will maximize profit?


b) If the demand function is p = 35 – 2x – x2 and the demand x0

 3, What will be the consumer’s surplus?

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