Time-2hrs St. Xavier’s Sr. Sec School M.M.

40
Term-2(2021-22)
Subject-Economics
Class- XI
General instructions:
1) This is a Subjective Question Paper containing 13 questions.
2) This paper contains 5 questions of 2 marks each, 5 questions of 3
marks each and 3 questions of 5 marks each.
3) All questions are compulsory.
Q. No Answer the following questions:- Marks
1. State the formula for calculating combined standard deviation. 2
2. What is meant by positive correlation? Give an example 2
3. What is the relationship between Marginal Revenue and Average 2
revenue under perfect competition. Use Diagram
4. Define: 2
A)Total Revenue B)Marginal Revenue
5. What is meant by ‘Market’? 2
6. Construct price index by Laspeyre’s Method:- 3
Commodity Base Year Current Year
(Price) (Exp.) (Price) (Exp.)
A 8 40 12 60
B 10 50 15 75
C 12 60 18 90
D 7 35 10 50
7. Explain the relationship between Marginal cost and Average cost. 3
Use diagram.
8. Why is Average variable cost curve ‘U’ shaped? Explain. 3
9. How does change in GST influence the Supply of a good by a firm? 3
Explain
10. Explain ‘Large number of Buyers and sellers’ feature of perfect 3
competition.
11. How is equilibrium price determined under perfect competition? 5
Explain using diagram.
12. Find out coefficient of correlation between X and Y and comment on 5
their relationship.
X 7 8 12 15 16 26 21
Y 8 13 16 18 20 29 36
13. Calculate Standard Deviation of the following data: 5
Size 0-5 5-10 10-15 15-20 20-25 25-30 30-35
Frequency 10 26 16 11 10 9 8