RYAN INTERNATIONAL SCHOOL

UNIT TEST - I
CLASS-XI SUB. : ECONOMICS (PAPER-1)
TIME : 30 MIN. MM: 13

1. State two features of resources that give rise to an economic problem. (1)

2. Define statistics in plural sense. (1)

3. Read the following statements: Assertion (A) and Reason( R). choose one of the
correct alternatives given below: (1)
ASSERTION (A): Human wants differ in priorities
REASON (R): For every individual, some wants are more important and urgent as
compared to others.
Alternatives:
a. Both Assertion (A) and Reason (R) are true and Reason(R) is the correct
explanation of Assertion(A)
b. Both Assertion (A) and Reason (R) are true and Reason(R) is not the correct
explanation of Assertion(A)
c. Assertion (A) is true but Reason(R) is false
d. Assertion (A) is false but Reason(R) is true

4. Identify the following as quantitative data or qualitative data: (1)

Beauty, age in years, height of students, intelligence

5. ‘No scarcity’ means no economic problem. True/false. (1)

6. What do you mean by distrust of statistics. (1)

7. Name the two sources of secondary data. (1)

8. Write the differences between microeconomics and macroeconomics with suitable

examples. (3)

9. Statistical methods are no common substitute for common sense. Comment with
examples.
OR
“An activity can be an economic activity in one situation and non-economic in
another situation”. Do you agree? Give an example to justify the given statement. (3)

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