Class 11 PT I Question Paper 2024-25 Economics

PERIODIC TEST
QUESTION PAPER
Question Paper for CBSE Board, KV Schools,
State Board following NCERT Syllabus

PT 1 | PT 2

Question Paper based on NCERT Syllabus
CBSE Board Question Paper / KV Schools Question Paper

CLASS-XI-SUB.-ECONOMICS
PERIODIC TEST-1 (2024 -25)
TIME:90 MINUTES MAX.MARKS:40

Q.1 Read the following statements
1
Statement 1: Law of diminishing marginal utility (Law of DMU) has universal applicability and applies to
all goods and services.
Statement 2: MU is maximum at the point of satiety.
Alternatives:
(a) Both the statements are true.
(b) Both the statements are false.
(c) Statement1 is true and Statement 2 is false .
(d) Statement 2 is true and Statement 1 is false.

Q2 What are the causes of Economic problems?
1
a) Unlimited human wants c) Alternative uses of resources
b)Scarcity of economic resources d) All of the above

Q3 What are the reasons for the Rightward shift of PPC?
1
A) Migration B) War C) Skill development programme D) None

Q4 MRT formula ___________
1
a) MRT = ∆x / ∆y b) MRT = ∆y c) MRT= ∆x*∆y d) MRT= ∆y / ∆x
Q5 Positive Economics deals with ___________
1
a) As they are c) Both A and B
b) They ought to be d) None of the above

The slope of IC tends to ____drop as we walk along the indifference curve (left to right).
Q6 1
(A) Zero ( B) Rise (C) Decline (D) Unity

Q7 When the following conditions are met, total utility is at its peak:
1
(A) The marginal utility is Zero (B) The average utility is maximum
(C) The average utility is Zero (D) Marginal utility is maximum

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives
Q8 1
given below:
Assertion (A): Tools of microeconomics are demand and supply.
Reason (R): Microeconomics studies the behaviour of individual units of an economy.
Alternatives:
(A) Both Assertion (A)and Reason (R)are True and Reason (R)isthe 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

Q9
MUx of X is 40 and MU of Y is 30. It the price of Y is Rs 9, then price of X at equilibrium will be 1
(a) Rs 9 (b) Rs 30 (c Rs) 15 (d) Rs 12
Micro Economics studies the behaviour of _________ unit.
Q10 1
a) An Individual Economic c) Both A and B
b) As a whole d) None

State whether the following statement are Ture or False
Q11 1
Statistics studies both quantitative and qualitative variables.

Q12 1
_________method is suitable for small size of population. (Census/Sampling

Q13 1
In singular sense, statistics means?
(a) Statistical Science (b) Statistical Law (c) Both (a) and (b) (d) None of these

Q14 1
The process of converting raw material into goods is called:
(a) Production (b) Saving (c) Investment (d) Exchange

Classification of data on the basis of time period is called:
Q15 1
(a) Geographical classification (b) Quantitative classification
(c) Chronological classification (d) Qualitative qualification

Statistics helps in:
Q16 1
Formulation of plan and policies (B ) Economic planning
(C) Evaluation of impact of policies (d) All of these

Match the Following:
Q17 1
Identify the correct sequence of alternatives given in Column II by matching them with respective items in
column I.
Column I Column II
(a) Continuous variable (i) The values of variable skip from one integer to another
(b) Spatial classification (ii) Variable can assume value in fraction
(c) Discrete variable (iii) Classification of Data according to geographical location
(d)Chronological classification (iv) Classification of data according to time period
(a) (a)–(iv); (b) –(iii); (c) – (i); (d) – (ii)
(b) (a)–(ii); (b) –(iii); (c) – (i); (d) – (iv)
(c) (a)–(iii); (b) –(ii); (c) – (iv); (d) – (i)
(d) (a)–(i); (b) –(iii); (c) – (ii); (d) – (iv)

Assertion (A): Classification is the process of arranging data into sequence and groups.
Q18 1
Reason (R): Data are classified according to their common characteristics for separating them into
different but related parts.
Alternatives:
(a) Both Assertion and Reason are true and Reason is the correct explanation of Assertion.
(b) Both Assertion and Reason are true and Reason is not the correct explanation of Assertion.
(c) Assertion is true but Reason is false
(d) Assertion is false but Reason is true

From the set of statements given in column I and Column II, Choose the correct pair of statements:
Q19 1
(a) –(i) (b) (b) –(ii) (c) (c) – (iii) (d) (d) – (iv)
Column I Column II
(a) Collection of Data (i) Statistics in singular sense
(b) Statistics as a method (ii) First step in statistical
enquiry
(c) Information given as numerical (iii) Statistics in Plural sense
data
(d) Statistical laws are not exact (iv) Limitation of statistics

________________________ Sampling allows every item in the universe an equal chance of being
Q20 1
selected in the sample.
Random (B) Systematic (C)Purposive (D)Convenience
Differentiate between microeconomics and macroeconomics.
Q21 3
OR
Explain the relationship between MU and TU.
Draw a production possibility curve and mark the following situations.
Q22 3
a. Underutilization of resources
b. Full employment of resources
c. Growth of resources
OR
What is the production possibility frontier? When it shift to right, Explain with the help of diagram.

Distinguish between primary and secondary data. State the relevant situations when primary or secondary
Q23 3
data are to be used.

(A)Explain the scope of statistics.
Q24 3
(B)Mention any four merits of a good questionnaire.
How is equilibrium achieved with the help of indifference curve analysis?
4
OR
Show consumer equilibrium in case of single commodity with cardinal approach
What is difference between inclusive Series and Exclusive Series? Convert the following table into
Q24 4
inclusive series.

Marks 10-15 15-20 20-25 25-30 30-35
Frequency 4 5 8 5 4

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