Class 11 Revision Test 2024-25 Question Paper Economics

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( ,, ) QucsnM numh«) to-17 and 33-3 ◄ arc long answer question, carrying 6 mark• ads

SF.CTION-A (STATISTICS)

In a g..x)(f questionnaire: (I)

(a) number of questions should be numerous

(b) Question relating to mathematical computations should be asked

(c) Personal questions should be prepared

(d) Questions using double negatives should be avoided

2. \.\'hich of the following is not a method of classification of data? (I)

a) Al phabetica1 b) Numerical

c) Chronological d) Geometric

J. Whal are the variables whose calculation is done according to the weight, height, and length known
(I)

b) Discrete variables

d) Measuring variables
(1)

(4) lither (b) or (c)

s lf6 -• 1111o ~ CXJMIIIMltl 30 IDd :<> obtcn'lrioal acl lama, so and 60
ari•h die

._ at COiilhiaed aridaec»c a,ea11 is
(a) ~I

6 If dat . _ lllid acda• af • .._,~ mmd n~ ,enr.s art :s and 24 mpccci\-efy · C&ladase ..
--- c) 20
d) II

7

(all-~ --r\~ dlla (b) Grwpcd Data

,~) &.c ta) and (b) (d)SonerAl1le5C

~ cht fdk, ;~ Slllemm t.S A5.Xftioo (A) and Rwoo (R). Choo1C
one rA the amct ..,... _
I.
n +I and-I .
.'5.wn iM (.\): Karl P ~·s Codlicient ofCorrdarion ranges betwee
important swisrical
RlUN (R~ lwt Pt'MSOO's Coeilicicnt of Corrdarion is based oo most
mQSUreS li ke mean and standard de"\iarioo

Altff"Utn-es:

(a)Ikd i A~o o (A) & Reason (R) are True & Reason (R) is
the correct explanation <11'1.Ba.

not the care.ct e,cplanarion «As.ldlll
(b) &m _-\ssenioo (A) & Reasm (R) are True & Reason (R) is

(c) Assat ion (A) is True bm Reason (R) is False.

(d) Assertion (A) is False but Reason (R) is True.

9. Tick the inarrect sratemem.

(a) Index numbe rs are specialised averages (b) Index Number also consider qualities

(c) Index oumber give perfect aca.rracy (d) both (b) and (c)

10. Rate of inflation is generally measured with the help of :

(a) Wholesale Price index (b) Consumer price index

(c) Index Sumber of Industrial Production (d) None of these

The total marks
~ 11. In a class of 50 students IO have failed and their average of marks is 2.5.
.
the entire class were 28 J. Find the average marks those who have passed

but barring severe ·
12. •statistics must be regarded as an instrument of research of great value
which are not possible to overcome.• Explain any three points

13. Explain Any four demerits of Enwnerator's Method.
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14.
-....
1'ho t11to or 500 people of a IOCiety for different type of food watr«« ded•fG lows:
..
1'y1,a of rood North Indian Chineae ltali• Mr'(;aa
South Indian
.,

Number or people 150 - 12, 7' so
Draw • pie diqram to rapra1ent tho above dall.
100
,.,
, I~. Find the miuing frec,iuency of tho aroup 20-30 when the median it 28. , (4J

C'la1111 interval 0-10 10-20 20-30 30-40 40-S')
I
6
Frcqu~ncy 5 8 7 16 I
Io. Calculate the karl-pcarson correlation coefficient between X and Y and comment on their rebliomap.
(6)

OR

Find out the rank correlation between height of Fathers and Sons:

Height offather
(in cm)
145~ 140) 169
©
150
@)
146~ 158© l'lb
Height of
Sons(in cm)
154
(Y a3 165
~
158
~i\l)
1~ ~ }J,
Construct index number of prices from the following data by (i) Laspeyres Method, (ti) Paasche'
s
17.
(6)
method, and (iii) Fisher Method.

2011 2021

Commodity Price rn Expenditure rn Price~ Expenditure (t)

A 8 100 10 90

B 10 60 11 66

C 5 100 5 100

D 3 30 2 24

E 2 8 4 20

OR

Find out Consumer Price Index form the following data by
i) Aggregate expenditure method
ii) Family budget method
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C'J I,,.
-----------------
~

~ f. CTYJ'-· ! -'(~ J

11 5>JPC ~ p'.'~A: ;,,-~:., .:.:~ c.Ji'~ ll
-----
4 J Vx.t, n 1e., t1t P".a: iz r_,J r.r g .!l

l'i P..Gd ax fr.iJ,.;~ J"W:::Tit:rn Aliltr,.i-x 0 ..J ant ~ -:P4 Cn.7-.~ oat«~~ •~e ---

~"'°' bdc,w --

RGMII (R.r. An incrtat iJJ price of ~J~ gry_,:. ~ 1 a ~ ic 6cman:' i:c ~
c.ommodity Al&ematives:

(a) Both A.Htttion {AJ and R.talon {RJ are Tr.ie anc ~ •Jl.j ii 2 ~ ~·;ima::i:« •
AMertioa (A

(b) 8cAb Attc:rtion (A) and R.eaioo (RJ are True amd RtzDi ill) is .x :he a:ca: a;ja,waT «
AMertion (A)

(c) AMertion (A) is True but .R.talOll (RJ ii fahe

(d) Aaertion (A) is faJ1e but RtalOII (RJ i1 True.

20. When the marginal COit ane cw the average COIi cane. Ila the _ __

a) The average c.ost will be equal to the marginal COIi
t,) The averap cOlt will be la, than the marginal cma

.,..., tott will be great« tbaa 1be marginal cmt

:1
,•\s."c,1i,,n .. In
, .
u,, tll'lt phue ct 1ht l1w of ~able Pf\""111tt1na TP rt111 at an lncreaains rate and MP
11\\'ll'I\Sl",. ..... •
(I)

.
, pmpo11lnn1, TP fall• and Ml' becomes neptive.
R,~~""'" ln th<' lhit\l l'h•• nf the law uf \lanahlt
(l) \h,1h A~"~•1i\\n and R~•"n 1 . .
rt lnat 1 ht rea1on la 1h, conect t.xplanaliun of 1he usertaon
tt,) \\,,1h As.~\'111,"' and""""' 11" 1" 11 1.be reaaon 11 not the cmracl e,iplan11ion of 1he 11sert1on
·

\d rhr 11ss<'11inn 11 tna, but th, l'Naon la lilae

l'n l'h<' 1'\,S\\I\ is t1'1f but lhe IKSfl1illft la lalao,
.. :\ ti11n m:1kc..'s - - at the b"'ak-evtn point .

b) AbnormaJ lu11c1

,·) :'\,,11n:1I proti ts d) None of the above

ln ,, hidl market homo8cnous products available. (I)

l:t) \t\.)tlnpolistic Competition (b) Monopoly

l~) P~r1't.-ct competition (d) none of these

, :~ Rl'Jd the folloY-ing statements carefully and choose the correct alternative from the following
St1ttmtnt l : fall in price of the given commodity leads to a downward movement along the same
supply curve.
Statrmtnt 2: Decrease in taves leads to a rightward shift in the supply curve.

Alttrativt:

(i} Both the statements are true. (ii) Both the statements are false.

(iii ) Statement I is true and Statement 2 is false. (iv) Statement 2 is true and Statement I is false (1)

The coefficient of price elasticity of supply ofa good is 3. It is known as (1)
25 .
(a) Unitary Elastic Supply
(b) Perfectly inelastic Supply
(d) Inelastic Supply
(c) elastic Supply
(1)
26. The Product of Quantity and AR at every unit sold is the firm's:
(c)MR (d) None of these
(a) TR (b)TVC
Marginal cost curve should intersect the marginal revenue curve from below so that . ( Fill in
27.
(1)
the blank with eorrect alternative)
a) Marginal cost is less than marginal revenue to the left of profit maximization output
b) Marginal cost is greater than marginal revenue to the right of the profit maximization output

c) Both (a) and (b)
d) None of the aboY,e.

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Th foll · f 1odities X and Y:
e OWlng table depicts the production po~sibilities o comn
D E
Pos.\ibility A n C
r-- - -+.- -- 1-- --- --·~- +--3 - ,-4-~
Commodity X

Commodit)' Y
O

10
___ 9
, -·--·
2

7
4 0

, ) Sh h d the points on the curve indi
, ... "" the-II(' l'l\."1ucti,l0 JlO~!'ihili tir~ through PrF. W al O

i( b) Lal'ft • f'\lint F in11,idr thr curve. Whal dc,rs thi t1 point indi cate?

(c) Label • "'-lint G outside the curve. What dc,rs thi, point Indicate?

~ Whal " i ll ~t the imJ)act of the foll owi ng changes on the demand curve of:

(i) Can when thCR i, an incrt'a~c in price of petrol.

(ii) IHs"-top Computrrs with increase in price of Laptops.

(iii) Brud with increase in its price.

(iv) Trousers due to change in preference in favour of Jeans.

(v) Bajra for a poor person when income of such person rises.

(vi) Coffee when price of tea falls.

(vii) Petrol if its price is expected to rise in near future.

30. Explain the Assumptions of indifference curve.(any four)

31. On the basis of the basis of following data, determine producer's equilibrium through marginal
marginal revenue approach . Give reasons for your answer.

Output (units) I 2 3 4 5 6 7

Price 24 24 24 24 24 24 24

26 50 72 92 115 139 165

price of 10, a finn supplies 4 units of output. The market price increases to 30.
lirm'• 1Upply is 1.25. What quantity will the firm supply at the new price?
of the following on the supply curve of rice: X1<ploJ" i"1"'cf- M S
,/:- rice ;p Pri'cet>f ;
andseeda.
arown on the land where rice is grown.

and seeds (raw materials) will increase
in supply curve of rice.

(ii) Lctlward Shift 1IIG'lllt In lht prioea ot oth• ll(Mtd (pntato) will encmraae producers to produce
11 <2• 2>
""~ ,)f lllhft' produce, and div111 rtmurcea to the production of thett product•
What••"' tht different ph11111n lht l..aw of Variable Proportion• in term• of Total Produce? Give
rt'~~" bd\ind eadl phue lJ1e dlaara,n (6)

OR
a) Explain lht relationship between AVC and AC.

b) Fill in the blanks:

Output TVC MC AVC
l
10
"- 18
3 2S
4 7.5
5 8
6 so
7 10
34_ Explain the features of Perfect Competition. (any six). (6)

OR
Explain the following:

a) Implication of freedom of entry and exit

b) A firm is a price taker under pelf'ect competition market. Explain.

••••

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