BAL VIKAS PROGRESSIVE SCHOOL

22.9.21 PERIODIC TEST - II

WEDNESDAY CLASS XI
TIME: 30 MINUTES ECONOMICS MM: 25
General Instructions.
• All questions are compulsory.
• Each question is of 1 mark.
• There is no negative marking.

1 A characteristics or a phenomenon which is capable of being measured and changes its value overtime is
called
(a)Sample (b) Attribute (c)None (d) Variable
2 Name the type of classification used in the following graph

(a)Quantitative (b) Qualitative (c) Chronological (d) Spatial

3 There are two class interval 0-10 and 10-20 , if a student score 10 marks then he should be included in which
class interval
(a)10-20 (b)Not be included in these intervals (c)Both the 0-10 and 10-20 (d) 0-10
4 Identify the type of variable from the following table

(a) Continuous (b) Discrete (c) Individual (d) None

5Classification like male-female, healthy-unhealthy, educated-uneducated are example of
(a) Dichotomy (b) Manifold (c) Both (d) None
6 From the set of statements given in Column -I and Column II , Choose the correct pair
Column I Column II
a Open end series (i)There is gap between lower limit of a class interval and the upper limit of
the next class interval
b Exclusive series (ii)Upper limit of the class interval is not included
c Frequency Array (iii)upper limit of the last class interval is not given
d Inclusive series (iv)arrangement of discrete variable in ascending order

(a) a-(i) (b) b-(ii) (c) – c (iii) (d)- d(iv)

7 For the mid values given :25,34,43,52,61,70
(a)25-34 (b)24.5-34.5 (c)20-30 (d) 20.5-29.5
8 If Mux of X is 50 and Muy of Y is 40, if the price of Y is RS 8 Then Price of X at equilibrium will be……..
(a) 12 (b) 10 (c) 16 (d) 8
9 A consumer in consumption of two commodities A and B is at equilibrium . The price of A and B are Rs 10
and Rs 20 respectively and Marginal Utility of product A and B is 50 what will be the marginal utility of
Product A
(a)100 (b) 25 (c )250 (d)4
10 Maya derives total utility of 10 utils after having 4 mangoes and total utility on consuming 5 mangoes is 9
what is her marginal utility for the 5th mango
(a) +1 (b) 0 utils (c) -1 (d) 9 utils
11 Given below is the utility schedule of a consumer for commodity X. The price of commodity is Rs 3 per
unit. How many units should the consumer purchase to maximize his satisfaction assuming marginal utility of a
rupee is equal to 2 Units of commodity 1 2 3 4 5 6
Total utility 10 18 25 31 34 34
Marginal utility 10 8 7 6 3 0
(a) 6 (b) 4 (c) 5 (d) 3
12 A consumer consumes only two goods X and Y whose prices are 3Rs and 4 Rs Per unit respectively, if the
consumer chooses a combination of two goods with marginal utility of X equal to 4 and that of Y equal to 3, is
the consumer in equilibrium, then the consumer will
(a) Buy more units of both X and Y (b) Buy more units of Y and less of X
(c ) Buy more units of X and Less of Y (d) Buy less of both X and Y
13 Suppose Mayank consumes Burger and Garlic Bread. Which of the following bundle of Burger and Garlic
Bread will Mayank choose if he has monotonic preferences?
(a)Bundle A(5,7) (b)Bundle B(4,7) (c)Bundle C(5,6) (d) None of these
14 A consumer consumes only two goods if price of one of the good falls the indifference curve :
(a) Shifts upward (b) shifts downward (c) can shift both upwards or downwards (d)does not shift
15 A consumer spends his entire income on consumption of two goods X and Y ,If the price of good X rises
slope of budget line will be
(a)Fall (b)Rise (c)Remains constant (d)None of these
16 What will be the impact on budget line of a consumer , keeping other things constant , if price of good X
falls
(a)Shifts inward (b) Shifts outwards (c ) Rotate inwards on the X axis (d)Rotate outwards on the X axis
17 Indifference set shows different combinations of two goods that give consume the .............level of
satisfaction , the consumer is ...................among all these combinations
(a)Different , different (b)Same , indifferent (c)Indifferent , different (d)None of these
18 TU is derived as …………………
(a)TU=∑MU (b) TU= MU1+MU2+MU+3………MUN (c)Both a and b (d)None of these
19 Marginal utility is always ….
(a)positive (b)negative
(c) can be positive or negative but cannot be zero (d) can be positive or negative or zero
20 Law of diminishing marginal utility states that as more and more units of a commodity is consumed
marginal utility…..
(a)Begins to increase (b) remains constant (c) begins to decrease d) none of these
21 If MUX is Graeter than MUY then consumption of ……………
Px PY
(a)X will fall and Y will increase (b)X will rise and Y will fall
(c)X and Y both will fall (d)X and Y both will rise
22 From the following data how much percent of persons are earning more than Rs 1499
Income in Rs No of persons
500-999 15
1000-1499 28
1500-1999 36
2000-2499 7
(a) 50% (b)45% (c) 40% (d) 60%
23 Find the number of observations between 250-300 from the following data:
Value No of observations
more than 200 56
more than 250 38
more than 300 15
more than 350 0
(a) 56 (b)23 (c) 15 (d) 8
24 Read the following statements: Assertion and Reason. Choose one of the correct alternatives given below:
Assertion(A)Marginal utility can never be negative
Reason (R) Total utility is maximum when marginal utility is zero
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 and 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.

25 Read the following statements: Assertion and Reason. Choose one of the correct alternatives given below:
Assertion(A)An indifference curve is always convex to the origin
Reason (R) MRS is always diminishing because of law od diminishing marginal utility
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 and 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.