Annual Examination

Time: 3 hrs.

Class XI Economics

Instructions: 1.This question paper contains two parts: Part A Statistics and Part B Micro Economics
2.No. of questions: -34 All are compulsory.

3. I mark questions: Answer in one word or one sentence

3 marks questions: Answer in 30-40 words.

4 marks questions: Answer in 40-60 words.

6 marks questions: Answer is to-do words.

4. Do your work in neat & clean handwriting.

Write your answers in sequence.

Part A Statistics.

1. Fill in the blanks.

………………………..method suitable for small size of population (Census / Sampling)

2. Read the following statements carefully and choose the correct alternative among those
given below (1) statement : In statistics, anything that varies / changes overtime regardless
of its expression is called a variable.
(2) Statement Variables may be either discrete or continuous

Alternatives: (a) Both the statements are true.

(b) Both the statements are false

(c) Statement 1 is true and Statement 2 is false.

(d) Statement 1 is false and Statement 2 is true.

Analyse the table given below and answer the question that follows:

Census Year Male Female Total

1961 22 20 42
1971 31 30 61
1981 40 32 72
1991 44 * 84
2001 Λ 50 102
2011 62 59 121

4. O give can be helpful in locating graphically the:

(a) mode (b) mean 10) Median (d) none of these.

5. Identify the correct sequence of alternatives given in Column II by matching them with respective
items in Column I

Column I Column II
A. Average 1. Mean of Weighted items of the series
B. Airthmetic Mean 2. Represents the whole groups
C. Weighted Airthmetic Average 3.

D. Combined Mean 4. Simple average of all items in a Series

Alternatives:
(a) A-4, B-1, C-3, D-2

(b)A-3, B-4, C-1, D-2

(c)A-2, B-4, C-1, D-3

(d)A-3, B-4, C-2, D-1

6. Read the following Assertion (A) and Reason (R).

Choose the correct alternative among those given below

Assertion (A) Stubs are titles of the columns of a table.

Reason (R): Headnote completes the information in the title of the table.

Alternatives: (a) Both (A) and (R) are true and Reason (R) is the correct explanation of (A).

(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).

(c) (A) is true, (R) is false.

(d) (A) is false, (R) is true

7. Read the following case study carefully and questions 7-10 the basis of the Diagrammatic
presentation of data provides the quickest understanding of the actual situation to be explained by
data in comparison to tabular or textual presentations .

Diagrammatic presentation of data translates quite effective the highly abstract ideas contained in
numbers into more discrete and easily comprehensible form. Diagrams may be accurate but are
much more effective than tables they are easy in presenting the data. There are various kinds of
diagram which are common in use. Amongest them the important ones following: (1) Geometric
diagram (2) Frequency diagram (3) Airthmetic line Graph.

7. Frequency diagrams include…………………..

(a) histograms (b) polygon (c) o gives (d) All of these

8. Pie diagram does not show………………….. Values

(a) relative (b) absolute (c) numeric. (d) both (b) and (c)

9. Which of the following is correct?

(a) Bars are equidistant from each other.

(b) Bars are also called columns.

(c) Bars are one-dimensional diagrams.

(d) All of these.

10. What does component bar diagram show?

11. Draw ‘less than’ as well as ‘more than’ o gives for the following data: 30-34

12. Explain limitations of Diagrammatic and Graphic Presentation in brief

or

Calculate arithmetic mean of the following frequency distribution by Step Deviation Method.

13.Calculate the median value, Given the following statistical information:

14. Calculate coefficient of rank correlation, given the following data set:

15. Represents the following data related to population (in thousands) of men and women in a
village in different years graphically.

Or

Draw Histogram and Frequency polygonFor the following distribution

16. Find mode from the following data using grouping method.

17. Calculate Coefficient of correlation from the following Data by using Step Deviation method

Or

Construct an Index number for the year 2021, by taking 2011 as base year by Fisher’s Method.

Part B Microeconomics
18. Which of the following situations, does scarcity arise

(a)Supply of resources >Demand for resources.

(b) Supply of resources < Demand for resources.

(c)Supply of resources = Demand for resources

(d) None Of these

19. The law which states that the consumer strikes his equilibrium when the last rupee spent by him
gives equal marginal utility whether he spends it on Good X or Good Y:

(a) law of diminishing marginal utility (b) the law of equal marginal utility (c) law of equi-marginal
utility (d) None of these

20. Read the following hypothetical information carefully and answer the question!

When demand changes from 10 to 8 units, the situation will be called:

(a) Extension of demand a

(b) contraction of demand.
(c) Increase in demand
(d) decrease in demand

21. Read the following statement carefully and choose the Correct alternative among those given
below?

Statement 1: slope of demand curve and Elasticity of demand are different concept

Statement 2: Slope of demand curve = P/N

Alternatives:

(a) Both the statements are true

(b) Both the statements are false

(c) Statement 1 is true and Statement 2 is false,

(d) Statement 2 is true and statement 1 is false.

22 Assertion (A): A fall in input price leads to a forward shift in supply curve.

Reason (R): When increase in demand is equal to increase in supply, equilibrium price remain
unchanged.

Alternatives: (a) Assertion (A) and Reason (R) are true and (R) is the correct explanation of (A).

(b) (A) and (R) are true and (R) is not the correct explanation of (A).

(c) (A) in true (R) is false

(d) (A) in false, (R) is true.

Read the following case study carefully and answer the questions 23-26
Firms must weigh the opportunity costs of producing one good -versus another. As the PPC showed,
productive resources are -limited and choices among outputs must be made. Such choices