DELHI PUBLIC SCHOOL, BPKIHS, DHARAN-2022

UNIT TEST I
Class: XI Subject: Economics
Time : 90mins Marks: 40

SECTION A
Answer all the Questions (4*2marks=8)
1) What is central problem of economy
2) State law of Demand and draw the demand curve.
3) What is ordinal and carinal utility.
4) Which of the following errors is more serious and why?
a) Sampling error b) Non sampling error

SECTION B
Answer all the Questions (4*3marks=12)
5) Define a PPC
6) What do you mean by monotonic preference.
7) Explain the law of diminishing marginal utility using Total Utility schedule.
8) What is Loss of information in classified data.
SECTION C
Answer all the Questions (4*5marks=20)
9) Calculate MOC of good X and draw PPC from the following data
Goods X 0 1 2 3 4 5
Goods Y 30 28 24 18 10 0

10) a) Price of a goods rises from rs.10 to rs.12 and its demand falls from 120units to
100units. Calculate price elasticity of demand.
b) A consumer buys 30units of a goods at a price of rs.10per unit. Price elasticity of demand
for the goods is (-1). How many units the consumer will buy at a price of rs9 per unit?
Calculate.

11) A consumer wants to consume two goods. The prices of the two goods are Rs 4 and Rs 5
respectively. The consumer’s income is Rs 20.
(i) Write down the equation of the budget line.
(ii) How much of good 1 can the consumer consumes if he/she spends his/her entire income
on that good?
(iii) How much of good 2 can be consumed if he/she spends his/her entire income on that
good?
(iv) What is the slope of the budget line?

12) What is variable? Distinguish between a discrete and continuous variable.