DELHI PUBLIC SCHOOL, SILIGURI.

Final Term Examination Session : 2020 – 21

Class : XI Subject : ECONOMICS (DESCRIPTIVE)
Date : 9th March 21
Time : 90 minutes Max. Marks : 40

PART B
(DESCRIPTIVE)

General Instructions
1. This question paper consists of two parts: Part A Statistics for Economics and
Part B Microeconomics. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each question.
3. Question No 1, 2, 6 and 7 are short answer questions carrying 3 marks each.
Answer to them should not normally exceed 60-80 words each.
4. Question No 3, 4, 8 and 9 are also short answer questions carrying 4 marks each.
Answer to them should not normally exceed 80-100 words each.
5. Question number 5 and 10 are long answer questions carrying 6 marks each.
Answers to them should not normally exceed 100-150 words each.
PART A

1. Distinguish clearly between primary data and secondary data. [3]

OR
Describe any three qualities of a good questionnaire. [3]

2. Calculate Arithmetic mean from the following data: [3]

Items More than 0 More than More than More than More than
10 20 30 40
Frequency 28 24 14 4 0

3. From the following data, calculate the median of the series. [4]

Daily wages (in $) Number of workers

200-250 14
250-300 28
300-350 33
350-400 30
400-500 20
450-500 15
500-550 13
550-600 7

OR
Calculate Standard Deviation by actual mean method from the following data: [4]
Size 5 15 10 22

4. Use histogram to represent the following data and locate the mode graphically.[4]

Marks In Economics No. of Students

More than 0 40

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More than 10 38
More than 20 30
More than 30 20
More than 40 6
More than 50 0

5. Calculate Lespeyre’s and Paachee’s index from the following data: [6]

Commodity BASE YEAR (2015) CURRENT YEAR (2019)

Price Quantity Price Quantity
A 10 30 12 50
B 8 15 10 25
C 6 20 6 30
D 4 10 6 20

OR

Calculate Karl Pearson’s Coefficient of Correlation from the following data: [6]

X 30 40 60 70 80
Y 90 110 140 150 160

PART B
6. Distinguish clearly between Microeconomics and Macroeconomics. [3]
OR
What are the central problems of an economy? [3]

7. “Change in demand and change in quantity demanded isn’t one and the same
thing”. Refute or Defend the statement. [3]

8. Fixed Costs of a firm are ₹ 30. Its total variable cost at different levels of output is
given below. Calculate total cost and marginal cost at each level of output.
[4]
OUTPUT 1 2 3 4
Total Variable Cost (₹) 20 38 60 86

OR

(i) What is a shutdown point? [1]

(ii) Using a neat diagram, explain the relationship between Average Cost and
Marginal Cost. [3]

9. “There are large numbers of firms selling identical and unbranded mobile
phones in a market. The consumers as well as the sellers enter the market without
any restrictions”.

(a) Identify the form of the market. [1]

(b) Explain the significance of Homogeneous product and large number of sellers in
such market conditions. [3]

10. Explain the likely behavior of Total product and Marginal product when for
increasing production only one input is increased while all other inputs are kept
constant. [6]
OR
State and explain any six factors affecting the elasticity of Supply. [6]

( End )

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