CBSE XI | Economics

Sample Paper – 4

CBSE
Class XI Economics
Sample Paper – 4

Time: 3 hrs Max. Marks: 80

General Instructions:
i. All questions are compulsory.

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ii. Marks for questions are indicated against each question.
iii. Question Nos. 1–4 and 13–16 are very short answer questions carrying 1 mark
each. They are required to be answered in one sentence.
iv. Question Nos. 5–6 and 17–18 are short answer questions carrying 3 marks each.

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Answers to them should normally not exceed 60 words each.
v. Question Nos. 7–9 and 19-21 are also short answer questions carrying 4 marks
each. Answers to them should normally not exceed 70 words each.
vi. Question Nos. 10–12 and 22–24 are long answer questions carrying 6 marks each.

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Answers to them should normally not exceed 100 words each.
vii. Answers should be brief and to the point, and the above word limits should be
adhered to as far as possible.
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SECTION A: Introductory Microeconomics
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1. At the break-even point for a firm: [1]

a. TR = TC
b. TR > TC
c. TR < TC
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d. TR = Zero

2. The demand curve of a firm would be a horizontal straight line under [1]
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a. Perfect competition
b. Monopoly
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c. Oligopoly
d. Monopolistic competition

3. Define oligopoly. [1]

4. Why does the Indian government believe in fixing the ‘support price’ for crops? Give
reason. [1]

5. Because of a fall in price of a commodity, the quantity demanded rises by 10%. The
price elasticity of demand is given as (−0.5). What is the percentage fall in price of the

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 CBSE XI | Economics
Sample Paper – 4

commodity? [3]

6. State the differences between fixed costs and variable costs. [3]

7. What is meant by market demand? What is market demand curve? How is it derived
from the individual demand curve? [4]

8. With a 10% rise in the price a commodity, the quantity supplied rises from 500 units to

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550 units. Calculate the price elasticity of supply. [4]

9. a. What is meant by production possibility curve?

b. What is the slope of PPC? What does it indicate? Why is PPC concave to the origin?

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[4]

10. With the help of a diagram, explain the impact of the following on the demand for a
normal good. [6]
a. Rise in income of the consumer

11. Explain the following terms:

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b. Change in taste and preferences away from the good

[6]
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a. Break-even point
b. Shut-down point
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12. Explain the implications of the following features of perfect competition: [6]
a. Large number of buyers and sellers
b. Homogeneous products

SECTION B: Statistics for Economics

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13. Statistical data is essential for formulating policies of economic development. Illustrate
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with an example. [1]

14. Give the meaning of frequency polygon. [1]

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15. Which of the following case is not suitable for the method of collecting information
from local source of primary data? [1]
a. Field of investigation is large.
b. Information is required on regular basis.
c. Information collected from educated respondents.
d. Information accuracy is essential.

16. Distinguish between univariate and bivariate frequency distribution. [1]

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 CBSE XI | Economics
Sample Paper – 4

17. The following table shows the estimates of cost of production of Goods A, B, C and D.
Present the data in the form of a sub-divided bar diagram: [3]
Goods
Estimate of Cost
A B C D
Raw material 60 45 50 50
Wages 40 40 40 35
Fixed cost 10 12 15 10
Office expenses 10 8 10 5
Total 120 105 115 100

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18. In the following frequency distribution, if the arithmetic mean is 42, find the missing
frequency. [3]
Salaries
5–15 15–25 25–35 35–45 45–55 55–65 65–75

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(Rs)
Number
of
5 6 7 X 4 3 9
Employe
es

Weight (kg)
Number of persons
0–10
42
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19. Estimate the coefficient of variation of the following data:
10–20
20
20–30 30–40
32 28
40–50
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[4]
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20. Distinguish between price index and quantity index. [4]
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21. Calculate the median, given the following data: [4]

Mid-Value 15 25 35 45 55 65
Male (c.f.) 10 25 44 48 50 52

22. Calculate the mode of the following distribution: [6]

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Marks 10– 15– 20– 25– 30– 35– 40– 45– 50–
14 19 24 29 34 39 44 49 54
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Number
of 28 84 182 248 261 131 42 9 2
students
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23. Determine the median value of the following series by using the less than ogive graphic
method: [6]
Marks 35–
0–5 5–10 10–15 15–20 20–25 25–30 30–35
40
Number of
students 3 5 10 10 26 22 18 4

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 CBSE XI | Economics
Sample Paper – 4

24. What are the precautions needed to be taken while drafting a questionnaire? Prepare
five ‘multiple choice’ questions relating to a questionnaire for collecting primary data
on the level and composition of expenditure of the people in your area. [6]

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D
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