Class 11 Sample Paper Economics (Half Yearly)

SAMPLE
PAPER
Half Yearly Examination

Prepared For
NCERT BASED SYLLABUS
Applicable For
CBSE BOARD AND STATE BOARD USING NCERT

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HALF YEARLY EXAMINATION
SAMPLE QUESTION PAPER

Class - XI Subject – Economics
Time – 3 Hours Maximum Marks- 80

General Instructions
1. Question Paper consists of two sections, carrying equal weightage.
2. Internal options have been provided in some questions.
3. Q1 to Q10 in Section A and Q18 to Q27 consists of 1 mark each.
4. Q11 and Q12 in Section A and Q28 and Q29 consist of 3 marks each.
5. Q13 to Q15 in Section A and Q30 to Q32 consists of 4 marks each.
6. Q16 and Q17 in Section A and Q33 and Q34 consist of 6 marks each.
7. Marks distribution has been mentioned wherever required.
8. Solve numericals clearly, with proper steps.
9. Write in points wherever possible.
10. Handwriting should be legible.
11. Use graph paper wherever needed.

MICROECONOMICS (40 Marks)

1. The opportunity cost of 100 kg of rice produced on a land which can also produce 80 tonnes of
wheat is:
(a) 100 kg of wheat
(b) 80 tonnes of wheat
(c) 8000 tonnes of wheat
(d) None of these [1]
2. Concavity of PPC implies:
(a) Increasing slope
(b) Decreasing slope
(c) Constant slope
(d) None of these [1]

3. Law of Diminishing Marginal Utility states that when more and more units of a commodity are
consumed, marginal utility:
(a) Begins to increase
(b) Remains constant

(c) Begins to decrease
(d) Becomes constant [1]

1

OR
When total utility is maximum, marginal utility becomes:
(a) Zero
(b) Unity
(c) Positive
(d) Negative [1]

4. A shift in the budget line, when prices are constant, is due to:
(a) Change in demand
(b) Change in income
(c) Change in preferences
(d) Change in utility [1]

5. Marginal Rate of Substitution of X for Y is calculated as:
(a) Px/Py
(b) Py/Px
(c) ∆Y/∆X
(d) ∆X/∆Y [1]

6. The production possibility curve will shift to the right when there is a/ an:
(a) Advancement of technology for the production of only commodity X
(b) Increase in availability of resources
(c) Decrease in availability of resources
(d) None of these [1]

7. State whether True or False:
Marginal Utility can never be negative. [1]

8. If MUx/Px < MUy/Py, then the consumer should buy _____ (less/more) of commodity X and
______ (less/more) of commodity Y. [1]

9. Budget Line is also known as ______ (price/ expense) line. [1]

10. In case of consumer's equilibrium with two commodities when the price of commodity y rises:
(a) Consumer starts to buy less units of commodity X
(b) Consumer starts to buy more units of commodity Y
(c) Consumer does not make any change in the purchase of X and Y
(d) Consumer starts to buy less units of commodity Y [1]

11. Explain the central problem of 'how to produce'. [3]
OR
Explain the central problem of 'what to produce'. [3]

12. Suppose a consumer's income is Rs. 20. Price of Good X is Rs. 4 per unit and the price of Good
Y is Rs. 2 per unit. State the bundles which the consumer can purchase if he spends his entire
income. On this basis, also draw the budget line. [3]

2

13. A consumer consumes commodity X. The price of commodity X is Rs. 4. The Marginal Utility
of Money is 2 utils. Given the following Marginal Utility Schedule, find out the position where
the consumer will be at equilibrium. [4]

Units of Marginal
Good X Utility of Good
X

1 20

2 18

3 16

4 8

14. Calculate marginal opportunity cost from the following table and plot the production
possibility curve: [4]

Production Shirts Pens
possibilities

A 0 20

B 1 18

C 2 14

D 3 8

E 4 0

15. (a) Diagrammatically, show that higher indifference curve offers higher level of satisfaction.
[2]
(b) Diagrammatically, show that two indifference curves can never intersect each other. [2]
OR
Explain the relationship between Total Utility and Marginal Utility, using schedule and
diagram. [4]

16. Define an indifference curve. Use a schedule and diagram to show an IC. Explain the reason
behind downward sloping and convex to the origin Indifference Curve. [6]
OR
A consumer consumes two goods X and Y. Given below is a schedule. Find out the conditions
of consumer's equilibrium under the Law of Equimarginal Utility. Also, explain the changes
that will take place when the consumer is not in equilibrium.

Given: Price of Good X = Rs. 3
Price of Good Y = Rs. 4
Marginal Utility of Money= 9
Income = Rs. 20
3

Units MU of Good X MU of Good Y

1 36 40

2 33 36

3 30 32

4 27 28

5 24 24

6 21 20

[6]

17. What are the conditions for consumer's equilibrium under ordinal approach? Show consumer's
equilibrium with the help of indifference curve analysis. [6]

STATISTICS (40 Marks)

18. In the plural sense, which of the following is not a characteristic of Statistics?
(a) Aggregates of data
(b) Only expressed in words
(c) Affected by multiplicity of causes
(d) Collected in a systematic manner [1]

19. Which of the following is a merit of a good questionnaire?
(a) Difficulty
(b) Less number of questions
(c) Not in proper order
(d) Invalid questions [1]

20. From the given data, calculate the number of workers earning more than Rs. 160

Wages 140-150 150-160 160-170 170-180 180-190 190-200

No. of 5 10 20 9 6 2
workers

(a) 47
(b) 17
(c) 37
(d) None of these [1]

4

21. A series in which every class interval excludes items corresponding to its upper limit is called:
(a) Exclusive series
(b) Inclusive series
(c) Both (a) and (b)
(d) None of these [1]

22. False base line is used when there is a big difference between the smallest value and _______.
(highest value/ zero) [1]

23. Histogram and Ogive can be obtained on the graph when the series is:
(a) Individual series
(b) Discrete series
(c) Continuous series
(d) None of the above [1]

24. The price rise of a particular commodity over a period of time can be better presented on a:
(a) Bar diagram
(b) Histogram
(c) Time series graph
(d) Frequency polygon [1]
OR
A curve obtained by joining midpoints of adjacent rectangles of the histogram by straight lines
is called:
(a) Frequency curve
(b) Frequency polygon
(c) Ogive
(d) None [1]

25. The arithmetic mean of the observations 9, 8, 27, 36 and 45 is:
(a) 18
(b) 25
(c) 36
(d) None [1]

26. The mean value of the marks obtained by 20 students in a class is 25 marks. If 10 marks added
to every student, then new mean is:
(a) 25
(b) 35
(c) 40
(d) None [1]

27. Sum of deviations of different values from arithmetic mean is always equal to:

(a) Zero
(b) One
(c) Less than one
(d) More than one [1]
5

28. What is systematic or quasi-random sampling? Explain with suitable example. [3]
OR
Name any two methods of collecting primary data. Discuss two merits and two demerits of
any one of them. [3]

29. Convert the following more than distribution into a less than distribution. [3]

Marks No. of students

More than 0 55

More than 5 51

More than 10 43

More than 15 28

More than 20 16

More than 25 6

More than 30 0
30. Prepare histogram and frequency polygon on a graph paper from the following data: [4]

Marks 0-10 10-20 20-30 30-40 40-50 50-60

No. of 5 8 15 11 6 4
students

OR
Represent the following data related to exports and imports of India (hypothetical figures)
graphically: [4]

Year 2012 2013 2014 2015 2016 2017 2018

Exports (in 300 350 400 380 450 280 250
Rs.Crore)

Imports (in 420 460 600 480 550 450 400
Rs. Crore)

31. Calculate Arithmetic Mean, using Step-deviation method: [4]

Marks 10-20 20-30 30-40 40-50

No. of students 24 40 36 20

6

32. Graph the following data in the form of less than ogive and more than ogive: [4]

Marks 0-5 5-10 10-15 15-20 20-25 25-30 30-35 35-40

No. of 4 6 10 10 25 22 18 5
students

33. Present the following information in a suitable tabular form:
(i) In 2016, out of 3000 union members, 2500 were females. The number of non-union workers
was 700, of which, 250 were men.
(ii) In 2017, out of 2000 workers, 1550 were members of trade union. The number of women
workers was 250, out of which 200 did not belong to any trade union.
(iii) In 2018, the number of union members was 1,725 of which 1600 were men. The number of
non-union workers was 380, among which 155 were women. [6]

34. (a) On the basis of the given data, prove that "The sum of the squares of the deviations from
arithmetic mean is the least". [3]

X 1 2 3 4 5

(b) The mean salary paid to 1000 workers of a factory was found to be Rs. 180.4. Later on it was
discovered that the wages of two workers were wrongly taken as 297 and 165 instead of 197
and 185. Find the correct mean. [3]

OR
(a) Find the missing frequency, if the mean is 28. [3]

C.I. 0-10 10-20 20-30 30-40 40-50 50-60

Frequency 12 ? 27 20 17 6

(b) Calculate Combined Mean: [3]

Section Mean No. of
Marks students

A 75 50

B 60 60

C 55 50

7

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