DELHI PUBLIC SCHOOL, DURGAPUR

ASSIGNMENT FOR BLOCK TEST I

ECONOMICS – XI C
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Introductory Microeconomics
1 Mark Questions: -
1. Which of the following is not concerned with the problem of choice?
(a) Excessive income (b) Alternative use of resource
(c) Unlimited wants (d) Limited (Scarce) resource
2. Define scarcity.
3. What is meant by an economic problem?
4. What is meant by positive economics?
5. What is meant by normative economics?
6. What is production possibility curve?
7. What is opportunity cost?

3/4 Marks Questions:-

1. Explain how scarcity and choice go together.
2. Briefly explain the problem of choice- What to produce.
3. Briefly explain the problem of choice- How to produce.
4. Briefly explain the problem of choice- For whom to produce.
5. What are the reasons of problem of choice?
6. Why should there be huge unemployment in India when scarcity of resource is a universal fact?
7. Massive unemployment shifts the PPC to the left. Defend or refute.
8. Rahul has three options of a job, offering him a salary of Rs. 20000, Rs. 25000, Rs. 30000
respectively. What is Rahul’s Opportunity cost?
9. Using a diagram explain what happens to the PPC of Kashmir if the widespread floods have led to the
destruction of human lives?
10. Resources are allocated to Use-1 and Use-2 to produce wheat and apples. Technology improves for
the production of wheat. How would it impact the PPC? Draw a suitable diagram.

Consumer’s Behaviors
1 Mark Questions: -
1. Define utility.
2. What is marginal utility?
3. What is budget line?
4. What is budget set?
5. What do you mean by consumer’s equilibrium?
6. Define indifference curve.
 7. What is indifference map?
8. What is monotonic preference?
9. Define giffen good.
10. Marginal utility is (Choose the correct one):
a) The utility from first unit of a commodity consumed
b) The utility from last unit consumed
c) Total utility from last units consumed
d) Always positive
11. Total utility is ………. (Choose the correct alternative)
a) The sum of marginal utilities
b) Utility from first unit x number of units consumed
c) Always increasing
d) Utility from last unit x number of units consumed

3/4 Marks Questions:-

1. Write the relation between total utility and marginal utility.
2. Briefly discuss the law of diminishing utility.
3. Briefly explain the degrees of elasticity of demand of a commodity.
4. Write the difference between change in demand and change in quantity demanded.
5. A consumer consumes only two goods, X and Y. Marginal utilities of X and Y are 3 and 4 respectively.
Prices of X and Y are Rs 4 per unit each. Is the consumer in equilibrium? What will be the further
reaction of the consumer? Give reasons.
6. A consumer consumes only two goods, X and Y. Marginal utilities of X and Y are 4 and 3 respectively.
Prices of X and Y are Rs 3 per unit each. Is the consumer in equilibrium? What will be the further
reaction of the consumer? Give reasons. [2016]
7. A consumer consumes only two goods, X and Y. Marginal utilities of X and Y are 5 and 4 respectively.
Prices of X and Y are Rs 4 per unit and Rs 5 per unit respectively. Is the consumer in equilibrium? What
will be the further reaction of the consumer? Give reasons.

6 Marks Questions:-
1. Explain consumer’s equilibrium by utility analysis:
(a) In case of one commodity.
(b) In case of two commodities.
2. Discuss the properties of an indifference curve.
3. Explain the consumer’s equilibrium by indifference curve analysis.
4. Explain the factors which affects demand of a commodity.
5. Discuss the law of demand with diagram.
6. Explain the factors which affects the elasticity of demand of a commodity.
7. A consumer consumes only two goods X and Y and is in equilibrium. Price of X falls. Explain the
reaction of the consumer with the help of utility analysis.
8. A consumer consumes only two goods A and B and is in equilibrium. Show that when price of good B
falls, demand for B rises. Answer this question with the help of utility analysis.
9. A consumer consumes only two goods, X and Y. At a consumption level of these two goods, he finds
that the ratio of Marginal Utility to price in case of X is higher than in case of Y. Explain the reaction of
the consumer.

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(STATISTICS)
INTRODUCTION TO STATISTICS

1/3/4/6 Marks Questions: -

1. Statistics is the science of analyzing:
(a) Any kind of data.
(b) Qualitative data.
(c ) Quantitative data.
(d) Imaginative data.
2. What is the primary function of statistics?
3. Mention the name of important statistical methods.
4. Define statistics in plural and singular sense.
5. Discuss the role of statistics in economics planning.
6. Statistics are affected by multiplicity of causes. What does it mean? Explain.
7. Discuss the importance of statistics.
8. Write the limitation of statistics.
COLLECTION OF DATA
1. What are the various sources of data?
2. After every ten years information regarding population of India is collected through:
(a) Census
(b) Sample
(c ) Both (a) and (b)
(d) Neither of the above.
3. Name the two important statistical publications.
4. Under random sampling, each item of the universe has ________ chance of being selected.
(a) Equal (b) unequal (c) Zero (d) None of these
5. Which of the following errors is more serious and why?
(a) sampling errors
(b) Non-sampling errors
6. Write the difference between primary and secondary data.
7. Write the differences between census and sample method.
8. What are the various methods of primary data? Briefly discuss any one.
9. What are the various methods of sampling? Briefly explain any one.
10. Write the difference between sampling errors and non-sampling errors.
ORGANISATION OF DATA
1. The characteristics of a fact that can be measured in the form of numbers is called:
(a) Frequency
(b) Variable
 (c) Attribute
(d) None of these
2. Define attribute.
3. Define frequency.
4. What is the difference between discrete series and continuous series?
5. Write the difference between inclusive and exclusive series.
6. In an examination, 25 students secured the following marks:
23 28 30 32 35

35 36 40 41 43

44 45 45 48 49

52 53 54 56 58

61 62 65 68 56

Arrange these data in the form of a frequency distribution table using inclusive method.
7. Classify the following data by taking class intervals such that their mid values are 17, 22, 27, 32 and so
on:
30 42 30 54 40 48 14 17

51 42 25 41 30 27 42 36

28 28 37 54 44 31 36 40

36 22 30 31 19 48 16 42

32 21 22 40 33 41 21 16

17 36 37 41 46 47 52 53

PRESENTATION OF DATA
1. What is the meaning of presentation of data?
2. What is a table?
3. What is the difference between table and tabulation?
4. Explain the main parts of a table.
5. What are the various forms of presentation of data? Which one is best and why?
6. What are the methods of diagrammatic presentation? Briefly explain them.
7. The strength of a school from 2013 to 2017 are given below:
Year 2013 2014 2015 2016 2017

Strength of school 500 600 500 700 750

Represent the data by a simple bar diagram.

8. Make a suitable diagram for the following data:
Number of students
 Faculty 2014-15 2015-16 2016-17

Arts 600 550 500

Science 400 500 600

Commerce 200 250 300

9. Following data relate to the construction of a house in Delhi. Present the information in the form of a
pie diagram:
Items Labour Bricks Cement Steel Timber Supervision

Percentage 25 15 20 15 10 15
expenditure
10. Present the data given in the table below in a histogram:
Marks 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80

Frequency 4 10 16 22 26 18 8 2

11. What is meant by Ogive? From the following frequency distribution construct the less than and more
than ogive.
Capital 0-10 10-20 20-30 30-40 40-50 50-60 60-70
( in lakh)
No. of 2 3 7 11 15 7 23
Companies

MEASURES OF CENTARL TENDENCY

1. What is the meaning of measures of central tendency?
2. What do you mean by average value?
3. In which method ‘assumed mean’ is taken?
4. What is the difference between median and mode?
5.
6. Give the formula for combined arithmetic mean.
7. What are the various measures of central tendency? Which one is best and why?
8. In the following frequency distribution, if the arithmetic mean is 45.6, find out missing frequency:
Wages 10-20 20-30 30-40 40-50 50-60 60-70 70-80

No. of 5 6 7 X 4 3 9
workers
9. Following information pertains to the daily income of 150 families. Calculate the arithmetic mean:
Income More More More More More More More More
than 75 than 85 than 95 than than than than than
105 115 125 135 145

No. of 150 140 115 95 70 60 40 25

families
10. Distribution of marks obtained by 100 students of a class is given below. Find out the median marks:
 Marks 0 5 10 15 20 25 30 35 40 45

No. of students 4 6 15 5 8 12 28 14 3 5

11. Given the following data, find out the median:

Age 20-25 25-30 30-35 35-40 40-45 45-50 50-55 55-60

No. of 50 70 100 180 150 120 70 60

students
12. Calculate mode for the following series:
Wage 0-10 10-20 20-30 30-40 40-50

No. of workers 28 46 54 42 30

13. Find mode of the following series:

Size 40 44 48 52 56 60 64 68 72 76

Frequency 10 12 14 20 15 20 18 10 8 4

syllabus- a) microeconomics:- introduction to microeconomics, theory of

consumer’s behavior.
b) statistics for economics:- introduction to statistics, collection of
data, organization of data, presentation of data, measures of central
tendency
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