Scribd Logo
Upload

Welcome to Scribd!

  • 14 views

    XI Eco R.T 14.02

    Uploaded by

    Tabinda Iqbal
    This document provides a revision test for Economics class 11 containing 10 multiple choice questions testing concepts like average and marginal revenue curves, producer equilibrium, movement along and shift of supply curves, price ceilings, normal profits, law of variable proportions, average cost curves, effects of demand and supply changes, index numbers using Laspeyre's and Paasche's methods, Karl Pearson's correlation coefficient, and calculating standard deviation both directly and using the shortcut method. The test has a mix of 2, 3, and 5 mark questions and provides instructions on word limits for answer types.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    XI Eco R.T 14.02

    Uploaded by

    Tabinda Iqbal
    14 views2 pages
    This document provides a revision test for Economics class 11 containing 10 multiple choice questions testing concepts like average and marginal revenue curves, producer equilibrium, movement along and shift of supply curves, price ceilings, normal profits, law of variable proportions, average cost curves, effects of demand and supply changes, index numbers using Laspeyre's and Paasche's methods, Karl Pearson's correlation coefficient, and calculating standard deviation both directly and using the shortcut method. The test has a mix of 2, 3, and 5 mark questions and provides instructions on word limits for answer types.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides a revision test for Economics class 11 containing 10 multiple choice questions testing concepts like average and marginal revenue curves, producer equilibrium, movement along and shift of supply curves, price ceilings, normal profits, law of variable proportions, average cost curves, effects of demand and supply changes, index numbers using Laspeyre's and Paasche's methods, Karl Pearson's correlation coefficient, and calculating standard deviation both directly and using the shortcut method. The test has a mix of 2, 3, and 5 mark questions and provides instructions on word limits for answer types.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views2 pages

    XI Eco R.T 14.02

    Uploaded by

    Tabinda Iqbal
    This document provides a revision test for Economics class 11 containing 10 multiple choice questions testing concepts like average and marginal revenue curves, producer equilibrium, movement along and shift of supply curves, price ceilings, normal profits, law of variable proportions, average cost curves, effects of demand and supply changes, index numbers using Laspeyre's and Paasche's methods, Karl Pearson's correlation coefficient, and calculating standard deviation both directly and using the shortcut method. The test has a mix of 2, 3, and 5 mark questions and provides instructions on word limits for answer types.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    The Millennium School

    Revision Test (2021-22)

    Subject: ECONOMICS(030) Class: XI


    Time Allowed: 45 Mins Maximum Marks: 30
    Invigilator’s Signature: Student Roll No:
    General Instructions:

    • This a Subjective Question Paper containing 10 questions


    • This paper contains 4 questions of 2 marks each, 4 questions of 3 marks each and 2 questions of
    5 marks each.
    • 2 marks questions are Short Answer Type Questions and are to be answered in 30-50 words.
    • 3 marks questions are Short Answer Type Questions and are to be answered in 50-80 words.
    • 5 marks questions are Long Answer Type Questions and are to be answered in 80-120 words.

    Q1. Draw Average Revenue and Marginal Revenue curves in a single diagram of a firm, 2
    which can sell more units of a good only by lowering the price of that good. Explain.
    OR
    Draw a single diagram of the Average Revenue and Marginal Revenue curves of a
    firm, which can sell any quantity of the good at a given price. Explain
    Q2. Explain producers equilibrium with the help of a hypothetical schedule. (Use MR MC 2
    Approach.)
    Q3. Distinguish in-between the Movement along the Supply Curve and Shift in Supply 2
    Curve.
    OR
    Explain the concept of Price Ceiling with the help of a suitable explanation and
    diagram
    Q4. Why does Firm’s under Perfect Competition earn only Normal Profits in the long run ? 2

    Q5. Explain the various Stages of Law of Variable Proportion. 3


    OR
    Give reasons for Increasing returns to a factor and diminishing returns to a factor.
    Q6. Explain the summation of the average cost curves in the short run. Use diagram. 3

    Q7. How is the equilibrium price and equilibrium quantity of a commodity affected when 3
    Increase is demand is more than Increase in Supply? Explain with the help of a diagram.
    Q8. Compute index number by 3
    (i) Laspeyre’s Method
    (ii) Paasche’s Method
    Commodity Base Year Current Year
    Price Quantity Price Quantity
    A 15 90 18 150
    B 12 45 24 75
    C 9 60 12 90
    D 6 30 12 60
    Q9. Calculate Karl Pearson’s correlation coefficient between series (X) (Y) 5
    X 10 14 18 22 26 30
    Y 18 12 24 22 26 30
    Q10 Calculate standard deviation and its coefficient from the following data. (Use direct 5
    Method)
    Marks 0-20 20-40 40-60 60-80
    No. Of 8 16 4 2
    Students

    OR
    Calculate standard deviation and coefficient of standard deviation from the following
    data. (Use short-cut method)
    C.I 0-10 10-20 20-30 30-40 40-50 50-60
    No. Of 5 10 6 8 4 2
    workers

    You might also like