DAV PUBLIC SCHOOL, SAHIBABAD

SAMPLE PAPER FOR HALF YEARLY EXAM - 2023

ECONOMICS
Class XI
Time: 3 Hours Maxi. Marks: 80

General Instructions: All questions are compulsory.

1. --------- definition of Economics has been given by Lionel Robbins. 1

2. What is sampling method? 1
Or
What is census method?
3. In ----------- series the values of upper limit and lower limits of a class are included in that 1
class itself.
4. Based on the bar graph given, calculate the approximate percentage increase in the sales of mobile 1
phones from 2004 to 2008.

(a) 150% (b)50% (c) 100% (d) 200%

5. The diagram below illustrates 3 possible demand curves for coconuts. 1

Suppose that coconuts and pineapples are substitutes. If the price of pineapples increases, which of the following
movements will represent the effect of this in the market for coconuts?a) A to C.
b) A to B.
c) B to A.
d) B to E.
6. If there are two groups containing 30 and 20 observations and having 50 and 60 as arithmetic means, then the
combined arithmetic mean is: 1
(a) 51 (b) 54 (c) 53 (d) 52
7. Statement 1 – Mode is that value which occurs the minimum number of times in a series. 1
Statement 2 – Mode is a position of greatest density or a point of highest concentration of value.
Choose the correct alternative:
(a) Statement1 is true and statement 2 is false.
(b) Statement 1 is false and statement 2 is true
(c) Both statements 1 & 2 are true.
(d) Both statements 1 & 2 are false.
8. Read the following statements: Assertion (A) and Reason (R). Choose one of the correct 1
given below:
Assertion(A): Average is a value in a series which is typical of representative of a set of a data i.e., it is a single
value which represents an entire set of data.
Reason (R): A measure of central tendency is a value which reads the characteristics of the complex and
diversified set of given data. It is the value to which most of the observations in the series fall closer than to
any value of the series.
Alternatives:
(a)Both Assertion (A) & Reason (R) are True & Reason (R) is the correct explanation of Assertion (A).
(b)Both Assertion (A) & Reason (R) are True &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.
9. Statement 1 –The slope of indifference curve is different at different points of the curve. 1
Statement 2 – Slope of indifference curve is not measured by marginal rate of substitution.
Choose the correct alternative:
(a) Statement1 is true and statement 2 is false.
(b) Statement 1 is false and statement 2 is true
(c) Both statements 1 & 2 are true.
(d) Both statements 1 & 2 are false.
10.Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives 1
given below:
Assertion(A): The demand of normal goods varies directly with income.
Reason (R): The demand curve of normal goods shifts to its right with fall in income of the
consumer.
Alternatives:
(a)Both Assertion (A) & Reason (R) are True & Reason (R) is the correct explanation of Assertion (A).
(b)Both Assertion (A) & Reason (R) are True &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.
11. Law of demand is not applicable in case of ------------. 1
(a) Articles of distinction (b) Necessities (c) Both (a) and (b) (d) Neither (a) nor (b)
12. The class interval of the continuous grouped data: 1
0-5; 6-10; 11-15; 16-20; 21-25 is:
(a) 4 (b) 5 (c) 4.5 (d) none of these
13.The frequency distribution of two variables is known as: 1
(a) Univariate distribution (b) Bivariate distribution
(c) Multivariate distribution (d) None of the above
14. What does the C point in the diagram indicates? 1
(a) Full utilisation of resources (b) Under utilisation of resources (c) Growth of resources

15. If there is a perfect disagreement between the marks in Geography and Statistics, then what would
be the value of rank correlation coefficient: 1
(a) 1 (b) any value (c) -1 (d) (b) or (c)
16. What is meant by simple correlation? 1
Or
What is meant by multiple correlation?
17. Consumer Price index is also known as ----------- index. 1
18. State any one use of index numbers. 1
19.Scatter diagram helps us to: 1
(a) Find the nature of correlation between two variables.
(b) Obtain the mathematical relationship between two variables.
(c) Compute the extent of correlation between two variables.
(d) Both (a) and (c).
20. Write the formula to calculate Weighted Mean. 1
21. State the characteristics of statistics in plural sense. 3
22. What is scarcity? Explain briefly 3
Or
What is economic problem? Why does economic problem arise?
23. Determine consumer’s equilibrium in case of a two goods using cardinal utility analysis. 3
Or
Define the following terms:
(a) Ordinal utility (b) Marginal rate of substitution (c) Budget set.

24. How does a consumer reach equilibrium position with indifference curve analysis? 3

Explain with the help of a diagram.

25. Calculate median from the following frequency distribution: 4

Marks: 5 15 25 35 45

No. of students: 10 12 8 11 9

26. Construct a treble or a three-way table. 4

27. Find out mode of the following series: 4

Class-interval: 0-5 5-10 10-15 15-202 0-25
Frequency: 5 15 25 8 3
28.Compute index numbers by Laspeyre’s method. 4
Commodities A B C
Price in 1990 (₹) 2 3 5
Quantity in 1990 (units) 10 20 30
Price in 2000 (₹) 4 5 8
Quantity in 2000 (units) 12 25 10
Or
Compute index numbers by Paasche’s method.
Commodities A B C
Price in 1990 (₹) 2 3 5
Quantity in 1990 (units) 10 20 30
Price in 2000 (₹) 4 5 8
Quantity in 2000 (units) 12 25 10

29. Differentiate between normative economics and positive economics, with suitable examples. 4
30. Distinguish between an inferior goods and a normal goods 4
Or
Distinguish between substitute and complimentary goods.
31. Explain with the help of diagrams, the effect of the following changes on the demand of a commodity. 6
(a) rise in the price of complimentary good (b) rise in the price of good in the future.
Or
Explain the factors affecting market demand ( any three)
32. From the following data, calculate coefficient of correlation between the variables X and Y using 6
Karl Pearson’s method (by direct method) and also interpret the result:
X: 4 6 8 10 12
Y: 6 8 10 12 14
33. From the data, construct a Histogram and frequency polygon. 6
Marks: 0-10 10-20 20-30 30-40 40-50
No. of students: 10 15 20 40 25
Or
From the data, construct a Histogram and frequency curve.
Marks: 10-15 15-20 20-25 25-30 30-35
No. of students: 4 16 24 40 32

34. 40 workers of a factory A earned ₹ 400 mean wages and 80 workers of factory B earned ₹ 500 6
mean wages. Find out combined mean wages earned by the workers.