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Delhi Public School, Siliguri.: Part B Microeconomics. All Questions in Both The Sections Are Compulsory

This document contains instructions and questions for an Economics final exam. It has two parts - Part A on statistics and Part B on microeconomics. Part B contains 10 questions ranging from short answer to long answer. Question 10 asks to explain the behavior of total and marginal product when one input is increased, or to explain six factors affecting supply elasticity. Answers should be between 60-150 words depending on the question.

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Debrup Ghosh
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67 views

Delhi Public School, Siliguri.: Part B Microeconomics. All Questions in Both The Sections Are Compulsory

This document contains instructions and questions for an Economics final exam. It has two parts - Part A on statistics and Part B on microeconomics. Part B contains 10 questions ranging from short answer to long answer. Question 10 asks to explain the behavior of total and marginal product when one input is increased, or to explain six factors affecting supply elasticity. Answers should be between 60-150 words depending on the question.

Uploaded by

Debrup Ghosh
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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DELHI PUBLIC SCHOOL, SILIGURI.

Final Term Examination Session : 2020 – 21


Class : XI Subject : ECONOMICS (DESCRIPTIVE)
Date : 9th March 21
Time : 90 minutes Max. Marks : 40

PART B
(DESCRIPTIVE)

General Instructions
1. This question paper consists of two parts: Part A Statistics for Economics and
Part B Microeconomics. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each question.
3. Question No 1, 2, 6 and 7 are short answer questions carrying 3 marks each.
Answer to them should not normally exceed 60-80 words each.
4. Question No 3, 4, 8 and 9 are also short answer questions carrying 4 marks each.
Answer to them should not normally exceed 80-100 words each.
5. Question number 5 and 10 are long answer questions carrying 6 marks each.
Answers to them should not normally exceed 100-150 words each.
PART A

1. Distinguish clearly between primary data and secondary data. [3]


OR
Describe any three qualities of a good questionnaire. [3]

2. Calculate Arithmetic mean from the following data: [3]

Items More than 0 More than More than More than More than
10 20 30 40
Frequency 28 24 14 4 0

3. From the following data, calculate the median of the series. [4]

Daily wages (in $) Number of workers


200-250 14
250-300 28
300-350 33
350-400 30
400-500 20
450-500 15
500-550 13
550-600 7

OR
Calculate Standard Deviation by actual mean method from the following data: [4]
Size 5 15 10 22

4. Use histogram to represent the following data and locate the mode graphically.[4]

Marks In Economics No. of Students


More than 0 40

Page – 1
More than 10 38
More than 20 30
More than 30 20
More than 40 6
More than 50 0

5. Calculate Lespeyre’s and Paachee’s index from the following data: [6]

Commodity BASE YEAR (2015) CURRENT YEAR (2019)


Price Quantity Price Quantity
A 10 30 12 50
B 8 15 10 25
C 6 20 6 30
D 4 10 6 20

OR

Calculate Karl Pearson’s Coefficient of Correlation from the following data: [6]

X 30 40 60 70 80
Y 90 110 140 150 160

PART B
6. Distinguish clearly between Microeconomics and Macroeconomics. [3]
OR
What are the central problems of an economy? [3]

7. “Change in demand and change in quantity demanded isn’t one and the same
thing”. Refute or Defend the statement. [3]

8. Fixed Costs of a firm are ₹ 30. Its total variable cost at different levels of output is
given below. Calculate total cost and marginal cost at each level of output.
[4]
OUTPUT 1 2 3 4
Total Variable Cost (₹) 20 38 60 86

OR

(i) What is a shutdown point? [1]


(ii) Using a neat diagram, explain the relationship between Average Cost and
Marginal Cost. [3]

9. “There are large numbers of firms selling identical and unbranded mobile
phones in a market. The consumers as well as the sellers enter the market without
any restrictions”.

(a) Identify the form of the market. [1]


(b) Explain the significance of Homogeneous product and large number of sellers in
such market conditions. [3]

10. Explain the likely behavior of Total product and Marginal product when for
increasing production only one input is increased while all other inputs are kept
constant. [6]
OR
State and explain any six factors affecting the elasticity of Supply. [6]

( End )

Page – 2

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