HOLIDAY HOMEWORK GRADE 11 (2024-25)

ECONOMICS (030)
TASK-02
(TO BE ATTEMPTED IN STATISTICS REGISTER)
Q1. “ Statistics are figure , but all figures are not statistics .”. Justify the statement.
Q2. Production, consumption and distribution are economic activities. Explain.
Q3. Why do you want to study economics? Give reasons.
Q4.“Economics is about making choices in the pretence of scarcity”. Explain.
Q5.What is descriptive statistics?
Q6. Statistical methods are most dangerous tools in the hands of an inexpert.” Which
limitation of statistics does it indicate ?
Q7. A lot of people died and many factories are destroyed because of a severe earthquake
in a country. How will it affect the country’s PPC. Show using diagram.
Q8. Give reason comment on the shape of production possibilities frontier based on the
following schedule :

GOOD 0 1 2 3 4
X
GOOD 30 27 21 12 0
Y
Q9. Assuming that no resource is equally efficient in production of all goods, name the curve
which shows production potential of the economy. Explain, giving reasons, its properties.
Q10. Why do central problem of an economy arise ? Explain the central problem of ‘for
whom
to produce’ ?
Q11. Explain the concepts of opportunity cost and marginal rate of transformation using a
production possibilities schedule based on the assumption that no resource is equally efficient
in production of all goods.

COMPETENCY BASED QUESTION

Q1. The profits of firm A are rupees 4 lakh for the year 2011-12 and that of firm B Rupees 5
Lakh for the same period. Statistical data given here prove that firm B is performing better
than firm A . Do you defend the statistical conclusion ? Which values does this statistical
conclusion ignore ?
Q2.Economists are money minded people who are concerned with profits and profits only.
Defend or refute.
Q3. With the same amount of resources a farmer can feed the following combination of goats
and horses:

Taking into consideration the options available with him, find out the opportunity cost of the
farmer of feeding one horse.

CASE STUDY

Statistics does not recognize individual items. Consider the statement, “the weight of Mr X in
the college is 50 KG”. This statement does not constitute statistical data. Statistical methods
are not going to investigate anything about this statement. Whereas, if the weights of all the
students of the college are given, statistical methods may be applied to analyse that data.
Statistics is both a science and an art. It is systematic and finds applications in
studying problems in economics, business, astronomy, physics, medicine etc. Statistical
methods are sophisticated in nature. Everyone is not expected to possess the intelligence
required to understand and to apply these methods to practical problems. This is the job of an
expert, who is well-versed with statistical methods.
1. Statistical laws are universal. True/ False
2. The average marks scored by Mohan in mathematics is not a statistics. True/False
Choose correct answer:
3. Statistics are:
(A)Aggregate of facts (B) Numerically expressed
(C) Collected for a pre-deter mind purpose (D)All of these
4. Statistics is:
(A)Science (B) Arts (C) A and B both (D)None of these