UNIT TEST 1 – September 2022

ECONOMICS
Class: 11 Duration: 1½ Hours
Date: 13-09-2022 Max Marks: 40
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General Instructions:
• All the questions are compulsory. Marks for questions are indicated against
each question.
• Question number 1 – 10 (including case-based questions) are 1-mark
questions and are to be answered in one word/sentence.
• Question No. 11-12 are 3 marks questions and are to be answered in 60
- 80 words each.
• Question No. 13-15 are 4 marks questions and are to be answered in
80-100 words each.
• Question No. 16-17 are 6 marks questions and are to be answered in
100-150 words each.
1. Exit polls are an example of ……… method of collecting data. 1
(a) census (b) sampling (c) investigation (d) None of these
2. Viaan decided to join a NCC camp this year during the summer vacation 1
by not opting for usual part time job which he used to do in other years
and earn Rs 5,000. What will be the opportunity cost in this case?
(a) Rs1,500 (b) Rs5,000
(c) Rs 6,500 (d) Can’t be determined
3. An economic agent who consumes a good to maximise satisfaction is 1
known as a ……… .
(a) Consumer (b) Producer (c) Service provider (d) Service holder
4. The Central government of India announced relief packages for migrant 1
labourer during the pandemic of 2020. This statement is ……… .
(a) normative statement (b) positive statement
(c) general statement (d) None of the above

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5. Assertion (A) Scarcity of resources is a major cause of all economic 1
problems in a country.
Reason (R) Human wants are unlimited while the resources have
alternative uses as well.
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
6. When marginal utility is zero, total utility will be ……… . 1
(a) maximum (b) maximum and constant
(c) constant (d) minimum
7. Choose the incorrect pair. 1
Column I Column II
A. Includes all items of the (i) Census method
universe under study.
B. Includes only specified items (ii) Sample method
of the universe under study.
C. A set of questions prepared for
collecting information for a pre- (iii) Schedule
determined purpose.
D. Source of data which cannot (iv) Secondary data
be cent per cent correct.

8. A consumer is in equilibrium, how will a consumer behave if MUx /Px 1

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 (d) Consumer will consume less of both goods
9. If a consumer is in equilibrium consuming one commodity, how will he 1
respond to a fall in price of the commodity?
(a) Decrease consumption of the commodity
(b) Increase consumption of the commodity
(c) Consumption will remain constant
(d) None of the above
10. During the Corona outbreak in India, the entire country was locked 1
down initially for 21 days except for essential services. Different news
channels are reporting from different parts of the country. This is an
example of ………………... .
a) indirect oral investigation
(b) information received from local correspondents
(c) information from government official source
(d) None of the above
11 3
Derive MU Schedule from TU Schedule.
Unit of X TU
1 11
2 21
3 30
4 38
5 45
6 51
12. What do you understand by the word statistics in: 3
(i) singular form (ii) plural forms ?
13. State with reasons if the following statements are true or false: 4
1. At a grand family get-together party, you go on eating and eating
since you have not to pay.
2. As we consume more units of a commodity, our total utility from its
consumption keeps falling.

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14. Why is Production Possibilities Curve concave? Explain. 4
15. Read the following case study and answer questions on the basis of 4
the same.
You are Rohan Verma, an investigator who wish to conduct a survey to
study the smoking behaviour of University students. For this reason,
you prepared a questionnaire based upon the objective of the survey and
keeping in mind the size of the target group, trained 5 people to complete
the survey. Your target group comprised of 1,500 students across 10
different colleges. You followed all methods of statistics to ensure the
accuracy of the data.
a. Which of the following source of data is referred in the above
situation?
(a) Primary data (b) Secondary data (c) Internal data (d) None of these
b. The person who helps the investigator in collecting information is
known as …….
(a) Enumerator (b) Respondent (c) Investigator (d) None of these
c. State any two qualities of a good questionnaire.
d. Most important step to be followed after preparing the questionnaire
will be ….
(a) pre-testing (b) post-testing (c) pilot survey (d) Both (a) and (c)
16. A consumer consumes only two goods X and Y. At a certain consumption 6
level of these goods, he finds that the ratio of marginal utility to price in
case of X is lower than that in case of Y. Explain the reaction of the
consumer.
17. Samples provide better results than surveys? Give reasons for your 6
answer.

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