QP XI Economics
QP XI Economics
QP XI Economics
Class 11 - Economics
Time Allowed: 3 hours Maximum Marks: 80
General Instructions:
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Who among the following is not engaged in an economic activity? [1]
a) Collection of data from sources who already b) It provides first hand information
have collected the data.
c) It implies collection of data from its original d) Can rely on this data as compare to primary
source data
3. The relationship between three or more variables is studied with the help of _________ correlation [1]
c) Double d) Multiple
4. The frequency distribution of two variables is known as: [1]
Commodities A B C D E
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a) 140 b) 150
c) 120 d) 130
OR
____ is the benchmark index for the Indian stock market.
c) Negative d) Positive
9. Assertion (A): Large aggregates are most stable than small ones.
[1]
Reason (R): The slow change in the nature of the total universe law of inertia of large numbers exist.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
Reason (R): Tables helps in simplified calculation of the data in a systematic manner.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
X Frequency (f)
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5 5
10 7
15 ?
20 10
25 8
30 6
Σf = 50
13. What is a cumulative frequency distribution? What are its two types? [4]
14. What are the general rules to construct a Time Series graph? [4]
OR
Net domestic product by industry of origin (at 2004-05 prices) is given for the year: 2013-14 and 2014-15. Present
this data in terms on percentage bar diagram.
Net Domestic Product by Industry of Origin (at 2004-05 prices) in 2013-14 and 2014-15 (Rs. in crore)
15. i. Write any three uses of index number especially in economics. [4]
ii. Calculate the weighted average of price relative index for 2016 on the basis of 2012 from the following data.
p0 p1
Commodity W
2012 2016
A 10 15 20
B 8 10 12
C 6 5 8
D 6 10 13
E 4 4 5
16. Compute Karl Pearson's coefficient of correlation from the following data by direct method. [6]
X 10 12 11 13 12 14 9 12 14 13
Y 7 9 12 9 13 8 10 12 7 13
17. Calculate the upper and lower quartiles for the following frequency distribution. [6]
13-25 6
25-37 11
3/6
37-49 23
49-61 7
61-73 3
Total 50
OR
Find out the missing value of the variate for the following distribution whose mean is 31.87.
Value (X) 12 20 27 33 ? 54
Frequency (f) 8 16 48 90 30 8
Section B
18. The law of supply explains a [1]
a) Variable b) Average
c) Total d) Marginal
21. Firm's AR curve is the same as: [1]
a) AFC is always vertical b) AFC can never be zero as TFC can never be
zero
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zero with increase in output
23. In the case of Inferior goods like Bajra, a fall in its price tends to: [1]
a) negative b) constant
c) increasing d) decreasing
26. Assertion (A): Demand is inelastic in a short period but elastic in a long period.
[1]
Reason (R): In the long run a consumer can change his consumption habits more conveniently than in the short
period.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
9 100
9 150
30. State the factors of leftward shift of demand curve. Explain any one. [4]
31. Using your judgement as an entrepreneur, would you agree with the following statement?
[4]
Maximisation of profit implies equilibrium, but equilibrium does not always imply maximisation of profit.
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OR
Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all
levels of output is Rs 12. Using Marginal Cost and Marginal Revenue approach, find out the level of equilibrium
output. Give reasons for your answer.
Output (units) 1 2 3 4 5 6
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