DELHI PUBLIC SCHOOL JODHPUR

MONDAY TEST, SESSION 2021-22

CLASS –XI
SUBJECT: ECONOMICS (16.8.2021)
MAX MARKS: 25 MAX. TIME : 1 HOUR

Note: Please check that this question paper contains 13 questions. All questions are compulsory.

Q1 Scarcity refers to the limited _____in relation to ___________for a commodity. (1)

a) Demand, Sale
b) Demand, Supply
c) Supply, Demand
d) None of these
Q2 The aggregate of data is called____. (1)
a) Statistics
b) Editing of data
c) Analysis of data
d) Collection of data
Q3 Which of the economic problem deals with the technique of production? (1)
a) What to produce
b) How to produce
c) For whom to produce
d) None of these
Q4 From the given activities, which activity is called non-economic activity? (1)
a) Services rendered by a teacher
b) Organizing a free blood donation camp
c) A tourist guide rendering services
d) Manufacturing shirt with the help of cloth and tailoring
Q5 Name the two important branches of economics. (1)
Q6 Statistics in_________ sense, deals with the collection, presentation, analysis and interpretation (1)
of the quantitative information.
Q7 Define opportunity cost. (1)
Q8 Capital intensive technique would be chosen in an economy in which________________. (1)
Q9 “Statistics are figures, but all figures are not statistics”. Justify the statement with example. (3)
Q10 Differentiate between normative and positive economics on three-point basis. (3)
Q11 State whether the following statements are true or false along with the reasons: (3)
(a) Study of price determination by automobile industry is macro-economics.
(b) Normative statement involves value judgements
(c) Study of the problem of inflation is macro- economic concept.
Q12 “Statistical methods are no substitute for common sense”. Comment with an example from your (4)
daily life.
Q13 How does an economic problem arise? Is it true to say if resources had not been limited, there (4)
would not have been any economic problem?