Assam Board Class 11 Question Paper 2023 Economics

ASSAM BOARD
QUESTION
PAPER
2023

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Total No. of Printed
Pages-12
23E-ECON

2023

ECONOMICS
Full Marks: 100
Pass Marks: 30
Time:3 hours
The figures in the margin indicate full marks for the
questions
ALLOTMENT OF MARKS

PART--A /Arats
Q. No. 1( a-f) carries 1 mark each 1x6 = 6
Q. No. 2( a-f) carries 2 marks each 2x6 = 12
Q. Nos. 3-7 carry 4 marks each 4x5 = 20
Q. Nos. 8 & 9 carry 6 marks each 6x2 = 12
Total = 50

PART-B / fs1
Q. No. 10/ a-f) carries 1 mark each |x6 = 6
Q. No. 11( a-f)carries 2 marks each 2x6 = 12
Q. Nos. 12-16 carry 4 marks each 4x5 = 20
Q. Nos. 17 & 18 carry 6 marks each 6x2 = 12
Total = 50

Total (PART-A & PART-B) 50+50= 100

/126 [Contd.

(2 )
PART-A

(Introductory Microeconomics )
1. Answer the 1x6=6
following as directed :

(a) Define the term 'scarcity'.

(b) Opportunity cost is also known as COst.

(Fill in the blank)

(c) What is budget line?

(d) Define variable cost.

(e) TC = + TFC.
(Fill in the blank)
(113R 9 )
) Why is the AC curve U' shaped?

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(3 )
2. Answer the
following questions 2x6=12

(a) Distinguish between microeconomics and macr0
economics.
2

Or / q I
What are the central problems of an
economy?

(b) Write two
determinants of individual demand. 2

Or/ SI
What is inferior good? Give one
example. 1+1=2

(c) Define the following
1+1=2

() Total product

(i) Marginal product

Or/eI
Briefly explain the concepts of short run and long run.
1+1=2

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[ Contd.

(4 )
variable cost. 2
(a) Distinguish between fixed cost and

Or/ weAT

and long-run average
Draw a long-run marginal cost curve 1+1=2
COst curve.

2
(e) What is the relationshin between AR and MKr

Or / A1

Prove that for a firm. price = average revenue.

) Write two factors that affect the market supply of a
commodity. 2

Or/FI
If the percentage change in quantity supplied is 10 and
percentage change in price is 4, calculate price elasticity of
supply.

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(5 )
3 Explain the law of
help of schedule anddiminishing marginal utility with the
diagram.
Or / RI
Define price elasticity of demand.
factors influencing price elasticity Mention any three
of demand of
commodity. 1+3=4

4. What is meant by returns to a
factor? State the three
phases of the law of variable
proportions. 1+3=4

Or / e I
From the data given below, calculate (a) marginal cost and
(b) average cost : 2+2=4

Output 1 2 3 5 6 7 8

Total cost ()10202834|38 4248|56

5. Mention four features of perfect competition. 4

Or/ I

Distinguish between monopoly market and monopolistic
market.

/126 |Contd.

(6 )
6/ 4
y Distinguish between price ceiling and price iloor.

Or / eAI
Mention the effects of the following on the supply of a
commodity : 2+2=4
(a) Fall in the price of factors
(b) Rise in the per unit tax

7. How does imposition of per unit tax affect supply curve oI
a firm? 4

Or/eSI

The demand and supply functions of a firm under
perfectly competitive market are given below :
D=5-2P
S=-25 +3P
Where, P= Price, D = Quantity Demanded and
S=Quantity Supplied.
Find the equilibrium price and quantity. 2+2=4

:

D=5-2P
S=-25+3P
, P = 4, D =AK SIRT SFS = a ISII

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(7)
8. What 1s consumer
equilibrium? Explain the conditions of
Consumer equilibrium with the help of schedule and
diagram. 1+5-6

Or/ 1
Discuss how the market demand curve is
individual demand curves. derived iromn
6

9. "Under perfect competition, industry is price
firm is the price taker." maker and
Explain. 6

Or / I
With the help of a suitable diagram, explain the process of
determination of equilibrium price of commodity under
perfectly competitive market.

PART-B

(Statistics for Economics )
10. Answer the following as directed : 1x6-6

(a) Who is known as the father of statistics?

/126 [Contd.

(8 )
index?
(b) What do you mean by wholesale price

(c) Write one merit of direct personal investigation.

measure of central
(d) Which of the following is a
tendency?

(i) Arithmetic mean

(i) Median

(i) Mode

(iv) All of the above

(Choose the correct option)

(e) is the difference between the largest value and
the smallest value.
(Fill in the blank)

() What is Lorenz curve?

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(9)
11. Answer the
following questions : 2x6=12

(a) Define the term 'statistics' in
sense.
plural and singular

Or / e I
Write two importances of statistics in
economnics.

(b) Write two characteristics of
statistics. 2

Or/ RI
Mention any two limitations of statistics.

(c) Calculate range and coefficient of range from the
following data : 2

8, 12, 18, 22, 13, 20
Or/ RI

Write two demerits of range.

(d) Mention two merits of median. 2

Or/qI
Write the formula of calculating median in continuous
frequency distribution.

/126 [ Contd.

( 10 )
deviation. 2
(e) State two demerits of standard

Or/ 4 I for calculation of
four alternative methods
Mention
standard deviation in discrete series.

Write one mnerit of scatter
U) What is scatter diagram? 1+]-2
diagram.

Or/eAI
uses.
What is arithmetic line graph? Mention one of its
1+1=2

12. Write four main parts of a good table. 4

Or/ RI

Define sampling errors. Mention its main types. 1+3=4

13. What is diagrammatic presentation? How is it useful in
economnic analysis? 1+3=4

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(11 )
Or/ I
Draw a histogram and polvgon from the following table :
2+2=4

Marks obtained
10-2020-30l30-40l40-50 50-60\60-70
No. of students 10 12 16 20 18

14 Define arithmetic mean. Discuss its properties. 1+3=4

Or/ I
Calculate quartile deviation from the following table : 4

1 2 3 4 5 6 7
30 38 50 22 40 25 60

15. What is dispersion? Discuss the characteristics of a good
measure of dispersion. 1+3=4

Or/ I
Distinguish between absolute and relative measure of
dispersion. 4

16. What are essentials of a good measure of central
tendency? 4

/126 [Contd.

| 12 )

Or/ yeAI
Define correlation, Disscuss its main types. 1+3=4

What do you mean by primary data? Explain the different
methods of collecting primary data. 1+5=6

Or/I
Define classification, Describe briefly its main objectives.
1+5=6

l8. Explain the meaning and importance of index numbers.
2+4-6

Or/I

Calculate the mean, median and mode from the following
frequency distribution : 2+2+2=6

Class
interval 20-2525-30 30-35|35-40 40-45|45-50 50-55|55-60
7 11 28 30 22 7 5
Frequency

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