ECONOMICS, CLASS - XI

PART-A STATISTICS
1. In the following question a statement of Assertion(A) is followed by a statement
of Reason(R). choose the correct alternative among given below:
Assertion: sampling method is an economical method.
Reason: in sampling, data collected from only few units of the population.
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.
2. Stratified sample is preferred when:
a) Population is homogeneous
b) Population is non- homogeneous
c) Random sampling is not possible
d) Small samples are required
3. Write a short note on NSSO. (3 marks)
4. Distinguish between primary and secondary data. Which data is more reliable and
why? (4 marks)
5. What do you mean by sampling? Discuss the restricted random sampling methods
briefly. (6 marks)
PART B MICRO ECONOMICS
6. When marginal utility is Zero, total utility will be .……….
a) Minimum
b) Maximum
c) Constant
 d) Maximum and constant
7. In the following question a statement of Assertion(A) is followed by a statement
of Reason(R). choose the correct alternative among given below:
Assertion: If a consumer consumes a good with time lag, then law of DMU does
not holds true.
Reason: Human wants are unlimited, as soon as one want gets satisfied another
want arises.
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.
8. In the following question a statement of Assertion(A) is followed by a statement
of Reason(R). choose the correct alternative among given below:
Assertion: Different persons derive different levels of satisfaction from
consumption of similar types of commodities.
Reason: The want satisfying power of any commodity is known as its utility which
is measured in ‘utils’ under cardinal utility approach.
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.
9. What is law of DMU? Explain with example. (3 marks)
10.What are the two approaches to study consumer’s behavior? Explain. (3 marks)
11.Explain the conditions of consumer’s equilibrium in case of single commodity with
example. (6 marks)