Sarvodaya Public School Azamgarh

Class –XI Annual Examination

Subject -Economics
Time : 3 Hrs. M.M:80
Micro Economics:- (Section A)

Q1-Who controls economic activity, under centrally planned economics ? 1

(a)Industrialist (b) Private firms

(c)Government (d) Consumers

Q2- Define economics ? 1

Q3- What will be the effect on equilibrium price if supply is decreased 1

without any change in demand ?

(a)No change in price (b) Price will fall

(c ) Price will rise (d) None of these
Q4- Product differentiation allows partial control over price . 1
(Read the statement carefully . Write true or false with a reason )

Q5-Because milk is a perishable commodity , supply of milk is ________ 1

elastic than the supply of cloth. (more / less)

Q6-Define accounting profits . 1

Q7- When output increases from 8 units to 10 units and increases from Rs 270
to 300 then MR is :- 1

(a)30 Rs (b) 20 Rs
(c ) 15 Rs (d) 40 Rs
Q8- What does cost mean in Economics ? 1
Q9- Long period is a period of time when all factors of production are 1
______

Q10- What is demand inelastic ? 1

Q11- Market economies promote disparities in income distribution even

when resources are optimally utilized . Substantiate this observation. 3
Q12- Explain the relation between total utility curve and managerial utility
curve with diagram. 3

Q13- A producer supplies 100 units of a good at a price of Rs 20 per unit .

Price elasticity of supply is 2. At what price will be supply 50 units ? 4
Calculate.

Q14- How is the equilibrium price of a commodity affected by a leftward

shift of a demand curve ? Explain with the help of a diagram . 4

Q15- Differentiate between perfect competition , Monopoly , Oligopoly,

Monopolistic on the basis of price , entry of form , selling cost & profit in
the long term? 4

Q16- Define elasticity of supply on the basis of the value of coefficient of

elasticity of supply . How many types of situations can you imagine ?
Represent those situation diagrammatically . 6

Q17-Explain Law of Demand along with diagram and why does demand
curve slope downward ? 6

Statistics (Section B)

Q18- Which of the following is an economic activity –

(a ) Production (b) Social welfare

(c ) Distribution (d) a & c
Q19-Primary data collection is comparatively _________ than the 1
secondary data collection. ( economical / costlier)
Q20- What is meant by census method ? 1

Q21- Statistical calculation in classified data are based on :-

(a ) lower class limit (b) upper class limit

(c ) class mid points (d) actual value of observations
Q22-What is meant by tabulation ? 1
Q23- The name of pie diagram is :-
a) Circular diagram (b) Bar diagram
(c ) Histogram (d) Polygon
Q24- Positively skewed curves have their fail more spread towards right. 1
( T / F)
Q25- Write the two types of statistical average ? 1
Q26- Write the formula for calculating mode in frequency distribution
series by grouping method ? 1
27-Write two characteristics of Index number . 1
28- Following is the pocket allowance of 10 students . Find out arithmetic 3
mean using short-cut method.
Pocket 15 20 30 22 25 18 40 50 55 65
allowance

Q29- The mean of 5 observation is 7. Later on it was found that two 3

observation 4 & 8 were wrongly taken instead of 5 & 9 . Find the corrected
mean.
30- Explain the merits and demerits of mode as a Central Tendency. 4
31-Calculate mode from the following data. 4
Class Interval 30-40 40-50 50-60 60-70 70-80 80-90 90-100
3 4 6 10 6 4 3

32- Explain :- 4
(i) Correlation
(ii) Positive Correlation
(iii) Linear Correlation
(iv) Simple Correlation
Q33- Explain the coefficient of correlation between the age of boys &girls.6
Age of boys -21 22 28 32 35 36
Age of girls -18 20 25 30 31 32

Q33- Find the missing frequency of group 20-30 when the median is 28.6
Class interval 0-10 10-20 20-30 30-40 40-50
Frequency 5 8 ? 16 6