Total No.

of Printed Pages –– 9 (2)

HS/XI/A. Com/Ec/22
7. Question No. 16-18 and 34-36 are Essay type/Long
Answer type questions carrying 6(six) marks each.
2022 Answers to them shoud be answered in less than 100
words each.
ECONOMICS

Full Marks : 80

Time : 3 hours PART – A

( INTRODUCTORY MICROECONOMICS )

( Marks – 40 )
General Instructions:

1. All questions in both the Sections are compulsory.

1. The collection of goods that a consumer can buy with
her money income at prevailing market prices is 1
2. Marks of questions are indicated against each
questions. (i) Budget line

(ii) Budget set

3. Question Nos. 1-5 and 19-23 are objective type
questions carrying 1 (one) mark each. (iii) Marginal rate of substitution

4. Question Nos. 6-10 and 24-28 are very short answer (iv) Indifference curve.
type questions carrying 1 (one) mark each. Answers
to them should be answered in one sentence each.
2. When the central problems are solved through price
signal it is the case of 1
5. Question Nos. 11-13 and 29-31 are short answer
questions carrying 2 (two) marks each. Answers to (i) autocratic system
them should be less than 30 words each.
(ii) centrally planned system
6. Question Nos. 14-15 and 32-33 are short answer (iii) market system
questions carrying 3 (three) marks each. Answers to
them should be answered in less than 50 (fifty) words. (iv) decentralised system

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3. When a proportional increase of all inputs results in 6. Define opportunity cost 1

an increase in output by the same proportion, the
production function is said to display 1
7. Draw an Indifference Map. 1
(i) Constant return to scale

(ii) Increasing return to scale 8. Mention any two determinants of supply. 1

(iii) Decreasing return to scale
9. Define total revenue. 1
(iv) Constant return to a factor.

10. Define Marginal Utility. 1

4. The minimum level of profit that is needed to keep a

firm in the existing business is defined as 1 11. Give two distinctions between microeconomics and
macroeconomics. 2
(i) break-even point

(ii) super-normal profit 12. Consider the demand for a good at price 4, the
quantity demand is 25 units. Suppose price of a good
(iii) normal profit increases to 5, as a result the demand falls to 20
units. Calculate price elasticity of demand by
(iv) shut down point.
percentage method. 2

13. Complete the following table– 2

5. When supply shifts rightward and demand curve
shifts leftward, equilibrium price will Q TC AC MC
1
(i) decrease 0 10 – –

(ii) increase 1 30 – –

(iii) remain the same 2 40 – –

(iv) none of the above. 3 45 – –

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14. Describe three characteristics of Monopoly. 3 (iii) Histogram

(iv) Multiple diagram.

15. Distinguish between normal goods and inferior goods
with examples. 3
20. Mode for 2, 15, 9, 4, 2, 5, 9, 6, 2 is 1
16. Define demand. Explain how a demand curve is drawn
in case of single commodity. 1+5=6 (i) 15

(ii) 9
17. With the help of a table and a diagram, explain the
law of variable proportions. (iii) 4
6
(iv) 2
OR

What are total cost, total fixed cost and total variable
cost of a firm? Explain how are they related? 3+3=6 21. When income and expenditure move in the same
direction, correlation is 1
18. With the help of a diagram, explain the effect of (i) low
decrease in demand of a commodity on it’s equilibrium
price and quantity. 6 (ii) high

(iii) positive

PART – B (iv) negative.

( STATISTICS FOR ECONOMICS )

( Marks – 40 ) 22. ––––––– divide the series into four equal parts 1
(i) Mean
19. The diagram which represents information in a circle
(ii) Median
is 1
(i) Bar diagram (iii) Quartiles
(ii) Pie diagram (iv) Mode.

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23. In general, inflation is calculated using 1 32. Mention atleast three advantages and disadvantages
of mailing questionnaires. 3
(i) Wholesale Price Index (WPI)

(ii) Consumer Price Index (CPI)

33. Calculate Range and its coefficient of range from the
(iii) Producer’s Price Index following data: 3

(iv) Industrial Production Index. Marks (x) : 20-30 30-40 40-50 50-60 60-70 70-80

Frequency (f) : 2 10 15 28 26 4
24. What are sampling errors? 1
34. Define table. Describe the major parts of a table.
25. If Q1 = 52, and Q3 = 57, find quartile deviation (QD). 1 1+5=6

35. Calculate median from the following data 6

26. Write down one property of arithmetic mean. 1
Marks (x) Frequency (f )
0 – 10 4
27. Give a formula for standard deviation. 1
10 – 20 9
20 – 30 18
28. With which graphic method, dispersion is measured? 1 30 – 40 20
40 – 50 11
29. Distinguish between statistics in singular and plural 50 – 60 8
sense. 2
Or

30. Give any two properties of correlation coefficient. 2 Find Mean Deviation and Coefficient of Mean Deviation
from mean from the following marks:
Marks (x): 35, 38, 42,46, 49 6
31. What is price index and a quantity index? 2

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36. Draw a pie diagram to represent the following

information of expenditure by a family– 6

Items of expenditure Percentage of total expenditure

Food 50
Education 25
Housing 10
Clothing 10
Misc. 5



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