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Published on: 13/05/2022
QB365 provides detailed and simple solution for every Creative Questions in class 11 Economics Subject. It will helps to get more idea about question pattern in every Creative questions with solution.
latest Creative QuestionsDownload Tamil Nadu 11th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Economics Test1.
What is utility?
2.
Distinguish between nominal income and real income?
3.
What are the classification of services?
4.
Distinguish between free goods and economic goods.
5.
Who criticized Adam Smith's Wealth definition?
1.
In the ordinary language, 'Utility' means 'usefulness'. In Economics, utility is the want - satisfying power of a commodity or services for an individual consumer at a particular time and at a particular place.
2.
| S.No | Nominal Income | Real Income |
| 1. | Nominal Income refers to income expressed in terms of money | Real Income is the amount of goods that can be purchased with money as Income |
| 2. | It is termed as the money income | It is the purchasing power of Income (Money) |
3.
(i) Intangible
(ii) Heterogeneous
(iii) Inseparable from their makers
(iv) Perishable
4.
| Sl.No | Economic Goods | Free Goods |
| 1 | Goods which scarce are called economic goods | Goods that are not scarce are called free goods. |
| 2 | Example: Chair, Table etc | Example: Air and Sunshine. |
5.
(i) Ruskin and Carlyle criticized economics as a 'Dismal science', 'Pig science' etc.
(ii) As it teaches selfishness which is against ethics.
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Tamilnadu Stateboard 11th Standard Subjects
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Business Maths and Statistics
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Computer Science
Physics
Chemistry
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Economics
Physics
Chemistry
History
Business Maths and Statistics
Computer Science
Accountancy
Computer Applications
History
Computer Technology
Commerce
Computer Applications
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