UT- 1: ECONOMICS

GRADE: 11 MAX MARKS:

30
DATE: 20.07.2023 Time: 1.5 hours
Section A (1x10=10)
Answer the following questions in one word:-
1. In _________, The degree of consumer sovereignty is highest
a. Market Economy
b. Centrally planned Economy
c. Mixed Economy
d. Both a & c
2. Which among the following countries is not a capitalistic or market driven in nature?
a. Hongkong
b. Ireland
c. Russia
d. Canada
3. Economic problem arises due to,
a. Limited wants
b. Scarce means
c. Alternative uses
d. Both b and c
4. All quantitative information is _______________
a. Statistics
b. Not statistics
5. A ___________ is one who produces and/or sells goods and services for the generation
of income.
a. Producer
b. Wholesaler
c. Consumer
d. Retailer
6. The aggregate of data is called
a. Statistics
b. Editing of data
c. Analysis of data
d. Collection of data
7. Which of the following is an economic activity
a. Production
b. Consumption
c. Distribution
d. All of the above
8. The process of converting raw materials into finished goods is called ___________
a. Production
b. Savings
 c. Investment
d. Exchange
9. Schedules are filled by the
a. Investigator
b. Enumerator
c. Respondent
d. None of the above
10. Which of the following is a merit of a good questionnaire
a. Difficulty
b. No of questions
c. Not in proper order
d. Invalid questions
Section B (3 x 2 =6 marks)
11. “Economics is about making choices in the presence of scarcity”. Explain
12. Differentiate between Micro Economics and Macro Economics.
Section C (4 x 2 =8 marks)
13. What are the main features of statistics as a numerical data? Describe any four.
14. Distinguish between Positive and Normative Economics.

Section D (6 x 1 =6 marks)
15. What is meant by Economy? What are its different types?

OR

16. What are the advantages and disadvantages of collecting Primary Data by
a. Personal Interview
b. Mailing Questionnaires to respondents.

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