ot) ay E—Anbel Pore Class & Sec/KP_ 1) Roll No:_34 HOLY CROSS SCHOOL, BOKARO STEEL CITY TERM- | EXAMINATION (2023-24) ECONOmIcs Max. Marks- 80 hours GENERAL INSTRUCTIONS All Questions are compulsory. Question numbers 1-10 and 18-27 2re MCQ types of 1 mark each Question numbers 11-12 and 28-29 are 3 marks and are to be answered in 60-80 words: Gusstion numbers 13-15 and 30-32 are 4 marks and are to he answered in 80-100 words. wumbers 16-17 and 33-34 are cf 6 marks and are to be answered in 100-150 words. SECTION-A 1. Atty out survey is known as----- a Questionnaire b. pilot survey er both (b}& (c) 2 Read the question careuly and choose the core akeotne og une follwing. STATEMENT (1)- Pie diagram is also known as two dimensional diagram ieee (2) Mode is useful for both quantitative and qualitative data, 3. Both the statements are true b. Both the statements are false. ©. Statement (1) is true and statement (2) s false. d. Statement (1) is false and statement (2) is true 3._From the set of statements given in column {I} and column { ll}, choose the correct pair of statements. COLUMN ——_ [COLUMN | 4 [_A._ Primary data i. Collected from recorded sources \ B._ Secondary data it Original data \ ‘C._Enumerator iii, Person who collect data from source i D._Respondent iv.The person who conducted the survey _\ Alternatives a Ad b. Bei d 4, Median is graphically presented through- a. Histogram b. pie diagram «both (a) and (b) d. none of the above 5. Quartiles are - a. Affected by extreme value ¢. middle 20% value . Not affected by extreme value d. affected by modal value 6. Read the question carefully and choose the correct alternative from the following. STATEMENT (1)- Inclusive class interval are converted to exclusive class interval series before calculating mean. STATEMENT (2)- Mid values are remain the same in both inclusive and exclusive series 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. 7. Less than ogive is always -~-sloping. a. Upward b. downward c.straight —_d. none of these Page Lof4Read the following ~Assertion (A) and Reason(a). Choose the correct alternatives: ASSERTION (A) = only on an average and NOt i REASON ( R}- Statistics which is applicable on one, may not be appiied to whole ALTERNATIVES. a. Both (A) and (R) are true and (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 but (R) is false. gd. (A)is false but (R) is true. 9. Arithmetic mean is affected by change in origin, but not by change in scale. d.none of these always atistical results are co: 3 True b. false partly true 20. Find the [sauanvigy [wo £20,000 30,000 ' | 30.000-a0,000 {2s $40,000 50,000 | 50,000-60,000 20 | — Total Tas8 legate — Alternatives--- : 2. 40,65, 15, 100 0,65, 60, 80 b. 20.60.70. 90 oso, 5, 25, 100 1}. The mean of 5 observations is 7. Later on it was found that two observations 4 and 8 were wrongly taken instead of 5 and 9. Find the correct mean." OF EMpLOvEES(A)_ AB Determine the value of mode graphically from the following dat: eee Expenditure | 0-10 [10-20 20-30 [30-40 [40-50 [ No. of families | 28 [46 54 [a2 | 30 Or Determine the value of median graphically from the same data given in above table. 13. Differentiate between direct personal investigation method and indirect oral investigation method. or What are the advantages, disadvantages and suitability of sample survey? 14, Tabulate the following information with a suitable title. In 2021-22, out of 700 employees of a factory, 475 employees were skilled. The number of women ‘employed was 450 of which 175 were unskilled. In 2022-23, the number of skilled employees decreased to 360 of which 120 were men. On the other hand, the number of unskilled employees fell down to 190, of which 80 were women. AS) Nisha calculated the arithmetic mean of the given data below as 28. She spilled water on the data by 3 mistake. As a result_frequency of one class became invisible. Help her to find out the missing frequency. 1 Eapcan tassel ransom x | 10-20 20-30 30-40 | 40-50 [50-60 F - e ae 2 \a7 iG | 16, Calculate the mode from the following data by grouping method. Tx | 10-20 20-30 | 30-40 | 4050 [50-60 [60-70 | 70-80 | 80-90 Tro [10 [2s [as {23 (22 {2 \3 a Gr from the following table. _ Mid value 125 [225 | 135 145 155 | 165 175__~'| 185 195 | Hrequeng 6 | 25 48 72 [116i 60 38 22. 3 HE ; Page 2 of 4 ase BoA Sy & Eg - &0 o {ce 3 wee 7 8 Ne 2217. A. CASE BASE- Read the following case study carefully and answer the questions on the basis of the same. Pie diagram are very populatly used to Practice to show the break down. For example it ( distribution of government receipt and exPenditure in government budget. These are also Us pablo eg nied rae ST a i vel nagar ear r component resemble slices cut from a pie. While making comparison, pie diagram should be percentage basis and not on absolute basis. : a) What is the other name of pie Miagram? BE ay b) How many degrees does 1% contain in pie diagram? 3-¢* c) What is the size of radius in pie diagram? tt D 17. @ The average age of class having 35 students is 14 years, When the age of th the sum of the of the ages of the students, the average age rises by 0.5 years. What must be t teacher? 35.6 e class teacher is at SECTION-B 18, Which of the following is an example of micro economics? a. Production by an industry «income of an individual b. Total saving of a bank 4 all the above 19. Read the question carefully and choose the correct alternative from the following. STATEMENT (1)- Higher indifference curve indicates higher level of satisfaction. STATEMENT (2)- Higher budget line indicates lower buying capacity of a consumer. Alternative: a. Both the statements are true. b. Both the statements are false ¢. Statement (1) is true and statement (2) is false. d. Statement (1) is false and statement (2) is true 20. According to Marshall, utility is helpful in od by the a pie and 2 used on dded to he age of d. neither (a) nor (b) a Cardinal b. ordinal both (a) and (b) 21. Other things being constant, if prices of good goes up, then demand for substitute will -- remain constant d. cannot be determined a Increase b. decrease 22. “The union government will not hesitate t meet the country's rising power demand, Power Minister R. with reporters in New Delhi” lectricity in india? port coal or impose section( ii) electricity act, if needed to ‘Singh said on 1% February in an interaction How this move will expect to impact the demand for el c. downward movement of demand curve 3 Demand curve will shift to the left 23, Read the following — Assertion (A) and Reason(R). Choose the correct alternatives. [ASSERTION (A) ~ Extension in supply is caused by change in factors other than the price. REASON ( R)- Change in quantity supplied is an impact of change in other factors leading to supply curve. ALTERNATIVES-~ Both (A) and (R) are true and (R) is the correct explanation of (A) a b. Both (A) and (R) are true and (R) is not the correct explanation of (A) c (A) is true but (R) is false. d. Both (A) and (R) are false. 24, Read the question carefully and choose the correct alternative from the following. STATEMENT (1)- Demand curve of a Giffen good is upward sloping. STATEMENT (2)- Giffen goods are special kind of inferior goods. Alternatives--- Both the statements are true. Both the statements are false aoe Demand curve will shift to the right d. upward movement along with demand curve shift in Page 30f4 |¢. Statement (1) is true and statement (2) is false. ‘ d, Statement (1) is false and statement (2) is true 25. When factors of production are equally efficient in production of both the goods, b. convex in shape d. straight line downward slope then PPC will be--- 4. Concave in shape p Straight-line upward slope ‘ 26. Which of the following question is/are the part of normative economics? a, What are the causes of employment? b. Why prices are rising? c. Was demonetization justified? 4g. Allthe above 27. A consumer buys two commodities X and Y, he would be in equilibrium when-- a MUs/Px=MU,/Py c MUs/MUy=Pi/Pe b MUx/MUr= MUy, both (a) and (c} 28. When two demand curves intersect each other in a single point, then which demand curve is having higher elasticity? Explain. or Explain three factors that affect the elasticity of demand. 29. What will be the impact of improvement in technology of good X while deterioration of technology of 00d Y simultaneously on the PPC of a home country? (use diagram) 30. Giving reason, comment on the shape of PPC based on following schedule. GooDx [0 1 2 3 4 GOODY 8 6 4 2 0 BA. Explain briefly the following determinants of supply. a. Increase in price of inputs b. Decrease in tax on good An improvement in technology ‘An increase in price of substitute or _Explain with help of diagram the effect of following changes on demand of a commodity. ‘a. Arise in price in price of complementary goods b. Arise in price in price of substitutes goods 32. B) Define Giffen good and normal good. “oy the price of a commodity is &5 per unit and its quantity supplied is 600 units. If price unit, its quantity supplied rises by 25%. Calculate price elasticity of supply. 33. Explain the concepts of the following with the help of numerical example. 1a). Marginal Rate of Substitution b)_ Budget Line Equation or ss family expenditures also rises”. Defend or refute. “4f product price 34. Calculate (4. The demand function of a commodity price falls from %5 to %3. oO b, consumer consumes only two goods X and Y, and is in equilibrium. Price of X falls. Explain the reaction of the consumer through utility analysis. teeneeee is given as Qx=20- 2P,. Calculate elasticity demand when Page 4 of 4