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Unit Test1.class11, Economics, 2021-22

1. The document provides instructions and questions for an economics exam consisting of two parts - statistics and microeconomics. 2. It includes general instructions on question format, word limits for answers, and information on case-based questions. 3. The statistics questions cover topics like data collection methods, economic activity definitions, and limitations of statistics. The microeconomics questions address economic systems, scarcity, allocation of resources, and production possibility curves.

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Biki Das
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187 views

Unit Test1.class11, Economics, 2021-22

1. The document provides instructions and questions for an economics exam consisting of two parts - statistics and microeconomics. 2. It includes general instructions on question format, word limits for answers, and information on case-based questions. 3. The statistics questions cover topics like data collection methods, economic activity definitions, and limitations of statistics. The microeconomics questions address economic systems, scarcity, allocation of resources, and production possibility curves.

Uploaded by

Biki Das
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TECHNO INDIA GROUP PUBLIC

SCHOOL
UNIT TEST-I (2021-22)
CLASS–XI(C/H)::SUBJECT– ECONOMICS::D.O.E–28/6/21
TIME-1 hour30 mins F.M: 40

GENERAL INSTRUCTIONS:

1. This question paper contains two parts: Part A- STATISTICS (20marks) and
Part B – Microeconomics (20 marks).
2. Marks for questions are indicated against each question.
3. Question No. 1-7 and Question No.11-17 (including two case-based
questions )are 1 mark questions and are to be answered in one
word/sentence.
4. Case-based Questions (CBQ’s ) are Question No. 7 and Question No.15.
5. Question No.8 and Question No.18 are 3 marks questions and are to be
answered in 60-80 words.
6. Question No. 9 and Question No.19 are 4 marks questions and are to be
answered in 80-100 words each.
7. Question No. 10 and Question No.20 are 6 marks questions and are to be
answered in 100-150 words each.
8. Answers should be brief and to the point and the above word limit be
adhered to as far as possible.

PART A-STATISTICS

1. The aggregate of data is called:


(a ) statistics ( b) editing of data
( c) analysis of data ( d) collection of data
(Choose the correct option).
2. In ______________ sense, statistics refers to information in terms of
numerical data. (singular/ plural) (Fill in the blank).
3. The data collected without any objective is called
numbers_______________. (State true or false).
4. Define economic activity.
5. Identify the correct sequence of alternatives given in column II by matching
them with respective items in column I.

Column I Column II

( i) Sample method ( a) Process of investigation is time-consuming

( ii) Census method ( b) Widely used in our day-to-day life

( iii) Systematic Sampling ( c) Represent diverse characteristics of

the population

( iv) Tables of random numbers ( d) Paper-slips are made for each item of

the population

( v) Stratified Sampling ( e) A mixture of both purposive and

random sampling

6. Does the lottery method always give a random sample?


7. Read the following hypothetical case study carefully and answer the
questions on the basis of the same:
NSSO is a government organisation under the Ministry of Statistics and
Programme Implementation.This organisation conducts regular sample
survey to collect basic statistical information relating to a variety of
economic activity in rural as well as urban parts of the country. The National
Sample Survey Office (NSSO) in India is a unique set-up to carry out
surveys on socio-economic , demographic , agricultural and industrial
subjects for collecting data from households and from enterprises located in
villages and in the towns. It is a focal agency of the government.
( i) The statistical data collected by NSSO are released through its quarterly
journal , called_____________( SAKSHANA/ SURVEY)
( ii) The________________ is a governmental agency in India under the
Ministry of Statistics and Programme Implementation responsible for
coordination of Statistical activities in India and evolving and maintaining
statistical standards.
(i ii) Statistical information published by UNO,IMF and foreign
governments are used as______________________( Primary data/
Secondary data)
( iv) NSSO collect, process and tabulate the statistical data of _______ (
(Economic change/Social change).

8. What are the essential qualities of a questionnaire?


9. Explain the four main limitations of Statistics.
10. Distinguish between census method and sample method.
PART B – MICROECONOMICS
11. Socialist economy is :
a. Planned economy b. Mixed economy

c. Profit-oriented economy d. None of these

12. With the help of an example , define microeconomics.

13. _____________________ economics relates to the study of economic issues

subject to verification.( Positive economics/ Normative economics )

14. Scarce means are called wealth.( State True or False)

15. State the two characteristics of resources.

16. Positive statements are the statements of truth.( State true or false with a

reason)

17. Read the following hypothetical text and answer the given questions

on the basis of the same:

Production, distribution and disposition of goods and services are the basic

economic activities of life. In the course of these activities ,every society

has to face scarcity of resources. Because of this scarcity, every society has
to decide how to allocate the scarce resources. The three problems are

studied under the problem of ‘Allocation of resources’.

“Allocation of Resources “ refer to the problem of

assigning the resources in a manner so that maximum wants of the society

are fulfilled . As resources are limited in relation to the unlimited wants, it is

important to economize their use and utilize them in the most efficient

manner.

( i) Every economy has limited resources, thus cannot produce all the

goods, signifies the problem of ______________( what/how/for whom)

to produce.( Fill in the blank)

( ii) Name two techniques which helps to solve the problem of ‘how to

produce.’

( iii) ____________ is concerned with the distribution of income among

factors of production. ( Fill in the blank)

( iv) Scarcity refers to limitation of _____________ in relation to

_______________ for a commodity.

a. demand, sale c . demand ,supply


b. supply, demand d. none of these.

18. Explain the problem of ‘what to produce.’

19. Why does ‘Production Possibility Curve( PPC) look concave to the

origin? Explain.

20.Why does an economic problem arise? Explain giving reasons.

______________________________________________________

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