Class 11th - Economics

Test series/ 3 hrs / 80 Marks

PART- A STATISTICS

1. Who defined Economics as a science of wealth? 1

(a) Lionel Robbins
(b) Alfred Marshall
(c) Alfred Pennyworth
(d) Adam Smith
2. What is the other name of General Purpose table? 1
(a) Reference Table
(b) Text table
(c) Summary table
(d) Analytical table
3. Which of the following is NOT an economic activity? 1
(a) Production
(b) Consumption
(c) Regulation
(d) Distribution
4. Which of the following is a type of Restricted Random Sampling Method? 1
(a) Judgement Sampling
(b) Quota Sampling
(c) Multistage Sampling
(d) All of these
5. What do you understand by census method? 1
6. In a moderately asymmetrical distribution, the values of mode and mean are 32.1 and 1
35.4 respectively. Find the median value.
7. Tick the incorrect statement 1
(a) Index number are specialized averages
(b) Index number measure the effect of changes in relation to time or place
(c) Index number give perfect accuracy
(d) Index number also consider qualitative changes
8. The unit of correlation between height in feet and weight in kg is: 1
(a) Percentage
(b) Units
(c) Non-existent
9. The correlation is said to be positive when two variables move in the ____ direction 1
a) Same b) opposite c) linear d) either (a) or (b)
10. When data is classified with respect to different time-periods, this classification is known 1
as:
(a) Geographical classification
(b) Chronological classification
(c) Time-bound classification
(d) Qualitative classification
11. Discuss the principle to be followed while drafting questionnaire. 3

Or

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 Class 11th - Economics
Test series/ 3 hrs / 80 Marks
Calculate arithmetic mean for the following data by Step-Deviation Method :
Marks 0-10 10-20 20-30 30-40 40-50
No. of 14 6 20 10 5
students
12. Construct a sub-divide bar diagram for the following data: 3
Year Solar Power Thermal Power
2000-2001 45 63
2001-2002 48 71
2002-2003 47 81
2003-2004 50 88
2004-2005 52 90
Or
Tabulate the following information after transforming the ratios into corresponding
numbers. In the year 2019-20, the total number of students of three college: A, B and C
were in the ratios of 3:2:1, the strength of college B was 2000. The proportion of boys and
girls in all the college was in the ratio 3:2. The faculty- wise distribution of boys and girls in
the faculties of Arts, Science and Commerce was in the ratio 2:2:1 in all the three college
13. Calculate the coefficient of correlation of the following data by the Spearman’s Rank 4
Correlation method:
X 19 24 12 23 19 16
Y 9 22 20 14 22 18
14. Distinguish between primary data and secondary data 4
Or
Any four problems in construction of Index Number.
15. Calculate price index from the following table 4
Goods A B C D
Price 2000 180 214 178 305
Price 2005 185 180 215 285
16. Construct index number of prices of the items in the year 2014 from the following data 6.
by:
i) Laspeyre’s Method
ii) Paasche’s Method and
iii) Fisher’s Method

ITEMS 2004 (BASE YEAR) 2014 (CURRENT YEAR)

PRICE QUANTITY PRICE QUANTITY
A 10 10 20 25
B 35 3 40 10
C 30 5 20 15
D 10 20 8 20
E 40 2 40 5
17. Calculate the correlation coefficient between the height of sibling from the following 6.
data:
Edler sibling height (inches) Younger sibling height (inches)
65 66
113 89

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“THE COMMERCE COACHING INSTITUTE”

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 Class 11th - Economics
Test series/ 3 hrs / 80 Marks
78 68
67 68
70 73
55 58

PART- B MICROECONOMICS
1. Assertion (A) : In ordinal utility analysis, equilibrium strikes where MRS > Px /Py 1
Reason (R) : the consumer reaches his optimum choice when IC is convex to the origin.
a) Both assertion and reason are true and reason is true explanation of assertion.
b) Both assertion and reason are true and reason is not true explanation of assertion.
c) Assertion is true but reason is false
d) Assertion is false but reason is true
2. Price Demand 1
5 10
5 8
On the of table, what will be the shape of new demand curve?
a) Demand curve shifts right
b) Demand curve shifts left
c) There is downward movement along demand curve
d) There is upward movement along demand curve
3. Average product is output per unit of the ________ factor. 1
a) Fixed
b) Variable
c) None
4. The point from where slope of TP changes is called _______ 1
5. Should the difference between ATC and AVC be constant, because TFC is constant? 1
Reason.
6. Average revenue is constant when marginal is zero. Comment. 1
7. Which of the following is correct? 1
a) Producer’s equilibrium is struck at that level of output where profit is maximized
b) Net profit refers to the difference between TR and TC
c) Normal profit are part of TC
d) All of these
8. Elasticity of supply on a straight line upward sloping supply curve, starting from the origin 1
= 1, even when it does not form 45 degree angle. (true/false)
9. Define market for a good. 1
10. Define market equilibrium 1
11. Certain goods are demanded even when their price is zero. Does it mean that we are 3
demanding even those goods are not scare?
Or
Explain the impact of ‘Sarv Shiksha Abhiyan’ on the PPC of Indian Economy.
12. A firm withdraw ₹ 10,000 from its fixed deposits with the bank and uses the money for 3
the purchase of factory equipment. Find the cost of this investment.

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“THE COMMERCE COACHING INSTITUTE”

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 Class 11th - Economics
Test series/ 3 hrs / 80 Marks

Or
Land Acquisition Act in India has led to a considerable rise in compensation to the farmers
whose land is acquired for the establishment of industry.
a) How is it going to impact the cost structure of new industry?
b) Will it work as inducement for the new industry

13. What change in total revenue will result when: 4

a) Marginal revenue is constant? And
b) Marginal revenue is decreasing?
14. The following table shows the TC schedule of a competitive firm. It is given that the price 4
of the good is ₹10. Calculate the profit at each output level. Find the profit maximation
level of output.
Q 0 1 2 3 4 5 6 7 8 9 10
TC 5 15 22 27 31 38 49 63 81 101 123
15. a) Introduction of new technology increases marginal product. How would it affect 4
supply curve of a firm?
b) The market price of a good changes from ₹5 to ₹20. As a result, the quantity supplied
by a firm increased by 15 units. The price elasticity of the firm’s supply curve is 0.5.
Find the initial and final output levels of the firm.
Or
A firm’s SMC schedule is shown below in the following table. The total fixed cost of the
firm is ₹100. Find the TVC, TC, AVC and SAC schedules of the firm
Q 0 1 2 3 4 5 6
SMC - 500 300 200 300 500 800
16. What do you understand by consumer’s equilibrium? Give consumer’s equilibrium in case 6.
of a single commodity.
Or
Explain Law of Variable Proportion.
17. a) Explain price ceiling (3) 6.
b) How will a change in price of coffee affect the equilibrium price of tea? Explain the
effect on equilibrium quantity also through diagram. (3)

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