Bihar Board Class 11 Arts Economics · Ch 1: Introduction
Bihar Board Class 11 Arts Economics · Ch 1: Introduction is an online chapter test in the Bihar Board Class 11 Arts pattern, covering Introduction. Attempt it on SeatBeat with a timer like the real exam, then see a detailed solution for every question and your score and weak-topic analysis.
Topics in this test
| Topic | Questions |
|---|---|
| Introduction | 30 |
Difficulty: 3 easy · 8 medium · 19 hard
Sample questions with answers
The first 5 questions of this free test.
Q1. Which one of the following is the 'odd one out', as it is NOT one of the central problems of an economy?
- A. How to produce
- B. For whom to produce
- C. Where to produce
- D. What to produce
Solution
The three central problems are what, how and for whom to produce; 'Where to produce' is not counted among them.
Q2. Match the central problem in List-I with its basis in List-II: (a) What to produce (b) How to produce (c) For whom to produce — (1) Choice of technique (2) Allocation of resources (3) Distribution of output. The correct matching is:
- A. a-2, b-1, c-3
- B. a-1, b-2, c-3
- C. a-2, b-3, c-1
- D. a-3, b-1, c-2
Solution
'What to produce' means allocating resources, 'How to produce' means choosing the technique, and 'For whom to produce' means distributing the output.
Q3. Assertion (A): The Production Possibility Curve slopes downward from left to right. Reason (R): To produce more of one good, resources must be shifted away from the other good. Choose the correct option:
- A. A is false but R is true
- B. Both A and R are true but R is not the correct explanation of A
- C. Both A and R are true and R is the correct explanation of A
- D. A is true but R is false
Solution
Because resources are fully used, producing more of one good means producing less of the other, so the curve slopes downward; R correctly explains A.
Q4. Consider the statements: (i) Scarcity arises because human wants are unlimited but resources are limited. (ii) A point lying inside the Production Possibility Curve shows full and efficient use of resources. Which is/are correct?
- A. Only (i)
- B. Only (ii)
- C. Neither (i) nor (ii)
- D. Both (i) and (ii)
Solution
Scarcity does arise from unlimited wants and limited resources, but a point inside the PPC shows under-utilisation (inefficiency), not full use.
Q5. An economy produces two goods, X and Y. Its possibilities are: (X=0, Y=20), (X=1, Y=18), (X=2, Y=14), (X=3, Y=8). What is the opportunity cost of increasing production of X from the 2nd unit to the 3rd unit?
- A. 8 units of Y
- B. 4 units of Y
- C. 2 units of Y
- D. 6 units of Y
Solution
Moving from X=2 to X=3, Y falls from 14 to 8, so 6 units of Y are given up.
Frequently asked questions
How many questions are in the Bihar Board Class 11 Arts Economics · Ch 1: Introduction?
30 questions for 30 marks, to be answered in 20 minutes.
Is there negative marking in the Bihar Board Class 11 Arts Economics · Ch 1: Introduction?
No — wrong answers are not penalised in this test.
Which topics does the Bihar Board Class 11 Arts Economics · Ch 1: Introduction cover?
Introduction (30 questions).
Is the Bihar Board Class 11 Arts Economics · Ch 1: Introduction free?
Yes — this test is free. Create a free SeatBeat account and attempt it online; you get the solutions and your score analysis after submitting.
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