0% found this document useful (0 votes)
13 views6 pagesXI-ECONOMICS-SET-A
This document is an examination paper for Class XI Economics at Apeejay School, Saket, for the session 2023-2024, consisting of two sections: Statistics for Economics and Introductory Microeconomics. It includes various types of questions such as multiple choice, short answer, and long answer questions, covering topics related to economic principles, data collection methods, and consumer behavior. The exam is designed to assess students' understanding of economic concepts and their ability to apply statistical methods.
Uploaded by
acrogaming444Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0% found this document useful (0 votes)
13 views6 pagesXI-ECONOMICS-SET-A
This document is an examination paper for Class XI Economics at Apeejay School, Saket, for the session 2023-2024, consisting of two sections: Statistics for Economics and Introductory Microeconomics. It includes various types of questions such as multiple choice, short answer, and long answer questions, covering topics related to economic principles, data collection methods, and consumer behavior. The exam is designed to assess students' understanding of economic concepts and their ability to apply statistical methods.
Uploaded by
acrogaming444Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 6
APEEJAY SCHOOL, SAKET
MID TERM EXAMINATION
SESSION: 2023-2024
SETA
SUBJECT: ECONOMICS (030) Time: 3 hours
CLASS-XI Max.Marks:80
General Instructions:
1. This question paper contains 6 pages and two sections:
Section A — Statisties for Economics
Section B — Introductory Micro economics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60
to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80
to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100
a to 150 words.
Section A — Statistics for Economics
|. What implication/implications does resource scarcity have for the satisfaction of wants?
a) Not all wants can be satisfied.
'b) We will never be faced with the need to make choices
¢) We must develop ways to decrease our individual wants
d) The discovery of new natural resources is necessary to increase our ability to satisfy wants. (1)
2. The method of sampling in which universe is divided into a number of groups and then certain numbers of
items are taken from each group at random:
a) Stratified Random sampling
b) Systematic Sampling
©) Cluster sampling
4) Multistage sampling
3. Read the following statements and choose the correct alternative ()
Assertion(A): Primary data is more reliable and suitable when high degree of accuracy is required.
> Reason(R): There is no need for organisational setup in case of secondary data,
Alternatives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
(A).
(b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion
(A).
(c)Assertion (A) is true but Reason (R) is false.
(d)Assertion (A) is false but Reason (R) is true
4. It is best to use a census while conducting a survey if (ly
) The population is large
b) The population is small
©) Time is limited to conduct the survey
d) Cheaper method is needed
Lof6 aj
: “4
5. Read the following statements and choose the correct alternative a)
Assertion(A): In case of inclusive series, the value of upper limit of a class never equals the value of
lower limit of the next class.
Reason(R): Class frequencies are same in both exclusive and inclusive series, although the class
intervals are apparently different in the two cases.
Alternatives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
(A).
(b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion
(A).
(©)Assertion (A) is true but Reason (R) is false.
(Assertion (A) is false but Reason (R) is true
6. Read the following statements and choose the correct alternative: a)
Statement 1: Under spatial classification, data is classified with respect to different periods of time
Statement 2: Population of Bihar for different years can be given according to chronological
classification.
Alternatives: ee
a) Both the statements are true
b) Both the statements are false
¢) Statement 1 is true and statement 2 is false
4) Statement 2 is true and statement 1 is false
7. Read the following statements and choose the correct alternative: (
Statement 1: Captions refer to the headings of vertical columns, while stubs refer to headings of
horizontal rows.
Statement 2: Stubs are at the extreme right and are usually narrower than captions,
Alternatives:
a) Both the statements are true
b) Both the statements are false
) Statement | is true and statement 2 is false
¢) Statement 2 is true and statement | is false a
8. The mean of a set of numbers is X. If each number is multiplied by N, then the new set will be:
a) NR 5
bX
o)NFR
@) XIN q)
9. Which of the following average can be computed with the help of a cumulative frequency polygon?
a) Simple Mean
b) Weighted Mean
©) Mode
d) Median a)
10.Read the following statements and choose the correct alternative a
‘Assertion(A): Mode of a frequency distribution can be located graphically with the help of a histogram.
Reason(R): Mode is preferable to mean and median when it is desired to know the most typical value
Alternatives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
20f6 (b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A).
(c)Assertion (A) is true but Reason (R) is false.
(@Assertion (A) is false but Reason (R) is true
11. “The government and policy makers use statistical data to formulate suitable policies of economic
development” Ilustrate with two examples, @)
12, Explain briefly the method of collecting data through a mailed questionnaire. State its merits and
demerits 8)
13. Do samples provide better result than surveys? Stating the difference between the two, give reasons for
your answer. @
14. From the following age distribution of workers of a factory, construct a histogram and use the same to
draw a frequency polygon (on a graph paper). @)
‘Age(in years) | 10-20 [20-30 [30-40 [40-50 [50-60
No. of workers [9 12 ig is [6
15, Represent the data given by sub-divided bar diagram and highlight the components with colour or
symbols. Use index (in answer sheet). @
Year Aris Commerce Science
2020 340 335 230
2021 650 410 275
2022 730 520 350
16, Find the missing frequency from the following data, if average marks are 17. )
Class-interval [0-5 [5-50 | 10-15 | 15-20 [20-25 | 25-30 | 30-35
Frequency 10 12 16 ? 14 10 8
17. Determine the median graphically from the data given below with the help of less than and more than
cogives (on a graph paper): ©
Marks 0-10 [10-20 [20-30 [30-40 [40-50 [50-60
No of students 2 4 20 4 12 14
Or
Determine median of the following data:
Marks(Out of 100) Number of Students
Less than 10 [4
Less than 20 8
[Less than 30 25
Less than 40 34
Less than 50 41
Less than 60 4%
Less than 70 30
Less than 80 OEE
| Less than 90 89.
Less than 100 100
3 of 6 SECTION B- MICRO ECONOMIC THEORY
18. Economie problem arises due to the faet that
a) resources are scarce
») human wants are unlimited
©) resources have alternative uses
4d) all of these a)
19, Increase(growth) of resources implies that production possibility curve:
a) shifts to the right
b) shifis to the left
©) rotates to the right
4d) rotates to the left a)
20. Which among the following is not correct 1
a) When TU is at maximum MU is zero
b) When MU is positive TU increases
©) When MU is negative TU increases but at a decreasing rate.
4d) If MU increases the TU will increase at an increasing rate. @
21, Assertion (A): Utility is directly linked with the usefulness of a commodity.
Reason (R): A commodity may not be useful, yet it may have utility for a par
Alternatives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R)
Assertion (A).
(b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A).
(c)Assertion (A) is true but Reason (R) is false,
(@)Assertion (A) is false but Reason (R) is true O)
22. The consumer is in equilibrium and is consuming commodity X only. The marginal utility from last
unit consumed of commodity X =50 utils and MUm= 10. Find the price of commodity X
ayes
b) 40
R10
dea 1)
23. A set of indifference curves drawn ina graph is called
a) indifference curve
») indifference map
¢) budget line
4) budget set a)
24. Assertion (A): The bundles of budget set lic either on or below the budget line.
Reason (R): Budget set includes all the possible bundles which cost less than or equal to consumer's
money income. Bundles costing less than the income lie below the budget line and bundles costing
equal to income lie on the budget line a)
Altematives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
(A).
(b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of
Assertion (A).
(c)Assertion (A) is true but Reason (R) is false.
(@)Assertion (A) is false but Reason (R) is true
40f6
lar person.
the correct explanation of 25. What causes the downward movement along the demand curve? a)
a. Rise in the price of the good
b. Rise in the price of another good
c. Fall in the price of the good
4. Fall in the price of another good
26.Assertion (A):With fall in price ofa commodity, the real income of the consumer increases.
Reason (R):Less of the good can be bought at the same absolute income.
Alternatives:
(a)Both Assertion (A) and Reason (R) are true and Reason (R)
Assertion (A).
(b)Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of,
Assertion (A).
(©)Assertion (A) is true but Reason (R) is false.
(@)Assertion (A) is false but Reason (R) is true w
27. Read the following statements and choose the correct alternative: a
‘Statement 1: Ifa good can be used for many purposes, the demand for it will be elastic.
Statement 2: Elasticity of demand is low in case of low-price goods.
Alternatives:
8) Both the statements are true
b) Both the statements are false
©) Statement 1 is true and statement 2 is false
4) Statement 2 is true and statement 1 is false
28. With the help of a diagram, explain how many pastries will a consumer consume, if pastries are
available free of cost? Q)
29. How would you, as a consumer, change your consumption basket when the rate at which you are
willing to substitute good-X for Good-Y is lower than the rate at which the market allows you to do
@)
the correct explanation of
Or
Show diagrammatically consumer's equilibrium using indifference curve analysis and state the
conditions of consumer's equilibrium.
30. By spending his entire income only on two goods X and Y, a consumer finds that
MUx/Px
