Roll No.

Code : 1123-24 EC-A

Please check that this question

paper contains 34 questions and 12
printed pages.
CLASS-XI
ECONOMICS (030)
ANNUAL EXAM (2023-24)
Time allowed : 3 hours Maximum Marks : 80

General Instructions :
1. This question paper contains two sections:
Section A - Statistics (40 marks)
Section-B - Micro Economics (40 marks)
2. Marks for questions are indicated against each question.
3. Question Nos. 1-10 and 18-27 are MCQ carrying 1mark each.
4. Question Nos. 11-12 and 28-29 are short answer questions carrying 3 marks each and
are to be answered in 60-80 words each.

5. Question Nos. 13-15 and 30-32 are also short answer questions carrying 4 marks
each and are to be answered in 80-100 words each.
6. Question nos. 16-17 and 33-34 are long answer questions carrying 6 marks each and
are to be answered in 100-150 words each.
7. Word limit is to be fllowed only for theory questions.

Section-A (Statistics)

KIfr is the correlation coefficient between the two variables, then : 1

A. -1<r<0

B. -1<r<2
C. 0<r<1

D. L1<r<1

1
Eco
 Read the following statements : Assertion (A) and Reason (R).
1

Assertion (A) :The simple Arithmetic mean of 40 observations is 4000. When each
observation is multiplied by 1000, the mean gets multiplied by 1000.
Reason (R) : The arithmetic mean is independent of the change of origin.
Choose the correct option:
A. Both Assertion (A) and Reason (R) are True and Reason (R) is the correct
explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are True and 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.
Read the following statements carefully : 1

Statement 1 : Correlation Coefficient is a pure number, i.e. units of measurement

are not a part of it.
Statement 2: A negative value of correlation coefficient indicates an inverse relation.
Choose the correct alternative :

A. Statement 1 is true and statement 2 is false.

B. Statement 1 is false and statement 2 is true.
Both the statements 1 & 2 are true.

D. Both the statements 1 & 2 are false.

Calculate mode in an asymmetrical distribution when arithmetic mean is 146 and

median is 130. 1

A. 89 B. 98

C. 84 D. 63

Eco 2
E If the sum of N observations is 1260 and their mean is 36, then the value of N is :

A 35 B. 40 1

C. 30 D. 25

diagramn are used for comparing two or more sets of data. 1

A, Multiple bar diagram

B. Percentage bar diagram
C. Sub-divided bar diagram
D. Simple bar diagram

Read the following statements : Assertion (A) and Reason (R). 1

Assertion (A) : Tally marks are used to organise the frequency Distribution.
Reason (R) : Tally bars can only be formed in case of Continuous frequency
distribution.

Choose the correct option :

A Both Assertion (A) and Reason (R) are True and Reason (R) is the correct
explanation of Assertion (A).

B. Both Assertion (A) and Reason (R) are True and 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.

Eco
 8, The most complete and continuous demographic record of population is provided by:
A Census of India 1

B. Registrar General of India

C. Central Statistical Organisation of India

D. National Sample Survey Organisation

1
Choose the incorrect pair.

A. Production for self-consumption Economic activity

B. Adding to the existing capital (ii) Investment

stock

C. Statistics as a collection of (iii) Plural sense

quantitative facts

D. Data consists of unmeasurable (iv) Qualitative Data

attributes

A. A-(i)

B. B-(ii)

C. C-(iii)

D. D-(iv)

10. In Statistics, refers to the aggregate of all items relating to any

subject. 1

A. Sample B. Population
C. Segment D. Unit

Eco 4
 Construct a Histogram from the following data : 3

Marks Number of students

5-9 9

10-14 6

15-19 12

20-24

25-29 15

30-34 3

Give any two examples of published sources of data.

"Secondary data of today was primary data of yester years." Elaborate.
OR

Distinguish between two different methods of data collection.

A3. Calculate 4

Arithmetic mean (direct method)

i ) Median
From the following data.

Marks Number of students

0-10

10-30 12

30-40 30

40-70 6

70-80 4

Eco 5
 14. What is meant by Index Number ? Give the desirable properties of the base period.
OR
4

Caleulate the Simple Aggregate Price Index for 2022-23 using 2011-12 as the basa
year :

Commodity Price in (2011-12) Price in (2022-23)

Milk (1 litre) 36 40

Banana (1 dozen) 30 30

Butter (1 kg) 240 300

Bread (400 gm) 18 28

15 State the usefulness of Textual Presentation. 4

( Represent the following monthly expenditure of two families by sub-divided

bar diagram.

Items of Food Clothing House-rent Savings

expenditure

Family A 25,000 8000 5000 2000

Family B 30,000 10,000 6000 4000

I6. State True or False giving reasons : 6

The value of coefficient correlation can lie outside -1 and +1.

() Rank method measures the coefficient correlation for quantitative data.

(1) Correlation coefficient is independent of change of origin.

Eco 6
 Calculate the coeficient of Rank correlation between the following marks in a Dance
Competition among 8participants by two different judges and interpret the resulta.
6

X Y

80 12

78 131

75 14 (

75 14

58 14 u

67 16

60 15

59 17

OR

Calculate Coefficient of correlation between the Price and Quantity Demanded by

Step Deviation method and interpret the results.

Price () Demand (in kg)

5 40

10 35

15 30

20 25

25 20

Eco
7
 Section-B (Micro Eeonomics)

JA In a Perfect Competition, as the firm ís a Price Taker, the curve is a

horizontal straight line. 1

A. Marginal Cost B. Total Cost

C. Total Revenue D. Marginal Revenue

19. Under Perfectly Competitive market, equilibrium price of a commodity is determined

by : 1

A. Dernand for the commodity alone

B. Supply of commodíty alone
C Both Demand and Supply
D. The Government

20. Marginal Cost of a good includes 1

A Variable Cost

B. Fixed Cost

C. Explicit Cost

D. Implícit Cost

Z1. Which of the following statement is correct? 1

A. Stock and Supply are always equal.

B. Stock refers to the quantity which comes to the market for sale.

C, There is difference between supply and stock.

D. Supply does not depend on Government's tax policy.

Eco 8
 Read the following statements carefully : 1

Statement 1 : Both AR and MR can fall to zero and can even become negative.
Statement 2 : Demand curve or AR curve is perfectly Elastic when price remains
same at all Output levels,

Choose the correct alternative:

A. Statement 1 is true and statement 2 is false.

B Statement 1 is false and statement 2 is true.

C. Both the statements 1 & 2 are true.

D. Both the statements 1 & 2 are false.

23. The individual demand and supply functions ofa product are given as Dx= 10-2Px
then
Sx = 10 + 2Px, if there are 4000 consumers and 1000 firms in the market,
1
equilibrium price will be:

A. 4 B. 74.25

C. 3 D. 5

24. When income of the congumer falls, the impact of the same on demand curve of a
1
normal good will be :

A. Shift to the right

B, Shift to the left

C, There is upward movement along the curve

D. There is downward movement along the curve

 1
When MU is negative, TU is :
A. Zero

B. Diminishìng

C. Maximum

(D) Minimum

Read the following statements : Assertion (A) and Reason (R).

Assertion (A) : Indifference curve slopes downward from left to right.

Reason (R):According to monotonic preference, more of a good always leads to

higher satisfaction.

Choose the correct option :

A. Both Assertion (A) and Reason (R) are True and Reason (R) is the correct
explanation of Assertion (A).

B, Both Assertion (A) and Reason (R) are True and 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,

27. Which of the following is not concerned with the problem of choice ? 1

A. Alternative use of resources

B. Unlimited wants

C. Excessive income

D. Limited resources

Eco 10
 Lotof people died and many agricultural crops were damaged due to recent heavy
28
rainfalland flood in Punjab and Himachal Pradesh. How willit affect the PPC of
both the states ?

OR

Giving reasons comment on the shape of PPC based on the following schedule :
Good X (units) Good Y (units)

0 8

1 6

2 4

3 2

"The system of MSP (Minimum Support Price) was first introduced for wheat in
1966-67 and later expanded to include other essential food erops." What is meant by
Minimum Support Price and state its implication.

30. Aconsumer buys 10 units ofa good at a price of 6 per unit. Price elasticity of
demand is (- 1). At what price will he buy 12 units ? Use Expenditure approach of
Price elasticity of demand. 4

OR

The quantity demanded of a commodity at a price of 8 per unit is 600 units. Its
price falls by 25% and the quantity demanded rise by 120 units. Calculate price
elasticity of demand by percentage method.

Eco 11
3 Why does the minimum point of AC curve fall towards right of AVC curve? 4
Why does the MC curve cut the AVC curve at the minimum point of the AVC
curve ?

Market for a good is in equilibrium. There is simultaneous "increase" both in demand

and supply but there is no change in market price. Explain with the help of a
schedule. 4

Why is the equality between Marginal Cost and Marginal Revenue necessary for a
firm to be in equilibrium ? Is it sufficient to ensure equilibrium ? Explain. 6

OR

Complete the following table:

Variable TP (units) AP (units) MP (units)
factor (units)

1 4

2 10

3 6

4 24

6
Define Budget Line. When can it shift to the right ?
A consumer consumes only two goods X and Y and is in equilibrium. Price of
good X falls. Explain the reaction of consumer through utility approach.

Eco 12