"I'd rather be honest than impressive.

BALA VIDYA MANDIR SR.SEC.SCHOOL

PEN PAPER TEST 2 2021

CLASS: 11 TIME: 45 MIN

SUBJECT: ECONOMICS MAX. MARKS: 20

DATE: 06/08/21

Instructions:

1) Students to take the test in true spirit without resorting to any kind of malpractice.

2) The test must be written in A4 ruled or unruled sheets/Notebooks.

3) Each and every page of your answer script must be duly numbered with the number along with the

total number of pages used. For instance, if the total number of pages is 4, then the first page

should be numbered as Page 1 of 4, followed by Page 2 of 4, then Page 3 of 4 and finally Page 4 of

4.

4) The answer papers must be scanned or photos of the answer scripts can be taken and sent as a file

attachment preferably in the form of PDF to the email id given below.

5) Students to send the attachment to: ady11economics@gmail.com

6) The file (copy of the answer script) should be saved as ‘Subject-Class-Section-Name of student’ and

attached to the email. For instance, ‘Economics 11D Akshara Arun’.

7) The subject to be mentioned in the email should also be the same as mentioned above.

8) Answer papers should be mailed on the same day by 10 p.m. without fail.

Page 1 of 2
1. Give an example for normal and inferior good. (1)
2. Ed = 0. What is the degree of price elasticity of demand? (1)
(i)Perfectly elastic demand (ii) Perfectly inelastic demand
(iii)Inelastic demand (iv) Elastic demand
3. I can postpone the purchase of good X. The demand for good X is _______. (1)
(i)Unitary elastic demand (ii) Perfectly inelastic demand
(iii) Inelastic demand (iv) Elastic demand
4. What is ‘ceteris paribus’? (1)
5. Explain “price of related goods” as a factor affecting demand. (3)
6. The price of a commodity increases from Rs. 10 to Rs. 15. Its demand falls by 40%.
Calculate Elasticity of Demand. (3)
7. Distinguish between change in demand and change in quantity demanded. (4)
8. Explain the law of demand. (6)

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