RED ROSE SCHOOL LAMBAKHEDA BHOPAL

ANNUAL EXAMINATION , 2018

CLASS XI
SUBJECT : ECONOMICS
Max. Time :- 3 Hours Max. Marks :- 80

GENERAL INSTRUCTIONS:-
1. All the questions are compulsory. However, there is internal choice in some
questions.
2. Marks for questions are indicated against each.
3. Question No. 1-4 and 13-16 are very short answer questions carry 1 mark each. They
are required to be answered in one sentence.
4. Question No. 5-6 and 17-18 are short answer questions carry 3 mark each. They are
required to be answered in 60 words.
5. Question No. 7-9 and 19-21 are short answer questions carry 4 mark each. They are
required to be answered in 70 words.
6. Question No. 10-12 and 22-24 are Long answer questions carry 6 mark each. They are
required to be answered in 120 words.
7. Answers should be brief and to the point and the above word limit be adhered as far
as possible.
8. Graph work should be done in saperate graphs. Use appropriate scale.

SECTION – A
MICROECONOMICS
1. Explain why only two goods can be represented on Production Possibilities Frontier?
(1)
2. State the meaning of Total Revenue ? State its relation with Marginal Revenue (1)
OR
Differentiate between Average Revenue and Total Revenue.
3. What do you mean by Satiety Point? (1)
4. State the relation between Total Cost and Marginal Cost ? (1)
5. Explain the problem of “How to Produce” with suitable examples. (3)
OR
What will be the impact of Jan – dhan Yojana on production possibilities frontier?
Give reasons in support of your answer.
6. Giving reasons, State which of the following are true or false : (3)
I. Total Cost is addition to total fixed cost and total variable cost.
II. Under Monopoly, sellers cannot change the price of the product and hence
they are called Price taker firm.
III. There is an inverse relation between quantity supplied and price of Mangoes.
7. What is Demand? State any 3 of its determinants other than related goods. (4)
 OR
Explain the effect of additional Customers and emergency on the demand of a
particular commodity.
8. Explain why the number of firms are limited in an oligopoly Market. (4)
OR
Explain the following features of Perfect Competition:-
a) Number of Buyers and Sellers
b) Demand curve and Price determination
9. What is the Law of Supply? Explain any three of the exceptions to the law of supply.
(4)
OR
Explain the role of price of inputs and objectives of a firm in decreasing the supply of
a commodity.
10. What is Indifference Curve ? Explain any 3 properties of Indifference Curve. (6)
OR
Using Marginal cost and Marginal Revenue approach and using a hypothetical
schedule, find out the level of output at which producer will be in equilibrium under
Monopoly. Explain the reasons for your answer.
11. Explain the conditions that are required for a consumer to be in equilibrium using
Indifference Curve Analysis. (6)
OR
Explain the Law of Returns to a factor mentioning the behaviour of Total Product
under diminishing returns to a factor.
12. Market for a good is in equilibrium. There is an increase in supply of a commodity.
Explain the chain of effects that are required for the market to reach equilibrium. (6)
OR
Market for a good is in equilibrium. Due to increase in the input price of good x,
explain the effect on Equilibrium price and quantity keeping other factors constant.

SECTION – B
STATISTICS
13. An investigator has decided to use questionnaire to collect the required information.
What method of data collection is it ? (1)
14. In general , fluctuations in wages for industrial workers in India is calculated by
using :- (1)
I. Wholesale price Index
II. Consumers' price Index
III. Producers' price Index
15. Calculate range from the following data on marks by 7 students in a class: (1)
180 , 200 , 220 , 240 , 260 , 280 , 300
16. What do you mean by Errors of Sampling ? (1)
17. From the following data , construct scatter diagram and interpret their results. (3)
X 20 40 60 35 35
Y 5 10 15 2 2
 18. Draw a Time Series graph to represent the following medium of transport in the town.
(3)
Medium of Private Taxi Buses Auto- Electric
Transport vehicles Rickshaw Rickshaw
No. Of 120 160 130 145 150
Vehicles
OR
What is Frequency Curve? Explain the various types of frequency curves. Use
diagram.
19. In a town , 25% of the persons earned more than Rs.45000 where as 75% earned more
than Rs.18000. Calculate the absolute and relative values of dispersion. (4)
20. Differentiate between Census Method and Sample Method of Data Collection. (4)
OR
Differentiate between Direct Personal Investigation and Indirect Oral Investigation.
21. (i) Calculate Standard deviation if CV = 7.25% and arithmetic mean is 44.8.
(ii)Calculate sum of squares of deviations from assumed mean using the following
data :- ( 2 + 2 = 4)
2 , 4 , 6 , 8 , 10
22. Calculate 3rd quartile , 5th decile and 60th percentile from the following data:- (6)
Marks 10 20 30 40 50 60
less than
No. Of 10 15 20 30 35 50
Students

23. Calculate the coefficient of correlation between X and Y and comment on their
relationship.
X 1 3 4 5 7 8
Y 2 6 8 10 14 16

OR
Calculate Karl Pearson's Coefficient of correlation from the following data :-
X 26 28 34 35 37 32
Y 16 21 23 25 28 25

24. Construct Index Numbers by (i) Laspeyre's Method (ii) Paasche's Method. (6)
Commodity Base Year Current Year
Price (Rs.) Quantity Price ( Rs.) Quantity
(units) ( units)
M 5 30 6 50
N 4 15 8 25
O 3 20 4 30
P 2 10 4 20
 OR
Explain the problems involved for the construction of Index Numbers.