SAMPLE PAPER

SESSION 2023-24
CLASS-XI
SUBJECT-ECONOMICS
Time: 3 hrs. Max. Marks: 80
_______________________________________________________
General Instructions:
1. This question paper contains two sections:
Section A – Statistics
Section B – Micro Economics
2. This paper contains 20 Multiple Choice Questions of 1 mark each.
3. This paper contains 4 Short Answer Questions of 3 marks each to be answered in 60 to 80
words.
4. This paper contains 6 Short Answer Questions of 4 marks each to be answered in 80 to 100
words.
5. This paper contains 4 Long Answer Questions of 6 marks each to be answered in 100 to 150
words.

Q.NO. SECTION A – STATISTICS MARKS

1. Read the following statements carefully:

Statement 1: Data collected by investigator is called secondary data.
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Statement 2: Secondary data is always available in published sources.
In light of the given statements, choose the correct alternative from the following:
a) Statement 1 is true and Statement 2 is false.
b) Statement 1 is false and Statement 2 is true.
c) Both Statements 1 and 2 are true.
d) Both Statements 1 and 2 are false.
2. Limitations of statistics are:
(i) It studies aggregates only
(ii) It is the study of economic equilibrium 1
(iii) Results are true only on an average
(iv) It is the study of numerical facts only
(a) (i), (ii) and (iv)
(b) (i), (ii) and (iii)
(c) (i),(iii) and (iv)
(d) (ii), (iii) and (iv)
3. Name the two distinct senses in which statistics is used. 1

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4. What are the important sources sources of secondary data in India
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5. Data can be classified according to: 1

(a) Time or area
(b) Attributes or magnitude
(c) Both a and b
(d) None
6. Match the following 1
Column A Column B
A. Continuous Variable i. The values of variable skip from one
integer to another
B. Qualitative Classification ii. Variables can assume value in fraction
C. Discrete variable iii.Classification of data with reference to
attributes which cannot measured.
D. Chronological classification iv. Classification of data according to time
period.

a) A (i) B (iii) C(ii) D(iv) b)A (iv) B (iii) C(ii) D(i)

c) A (i) B (iii) C(iv) D(ii) d) A (ii) B (iii) C(i) D(iv)
7. A curve obtained by joining mid-pints of adjacent rectangles of the histogram by straight line is 1
called____________.
(a) Frequency curve
(b) Frequency polygon
(c) Ogive
(d) None of the above
8. Find median of the following data: 1
X: 9,7,14,20,12,24
(a)14
(b)13
(c)15
(d)14.5
9. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives 1
given below:
Assertion (A): Arithmetic mean cannot be calculated when open –end classes are given.
Reason (R): Averages are used in our daily life.
Alternatives:
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the 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)

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 c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.

10. From the following data ,determine the value of mode: 1

X 8 16 24 32 40 48
F 6 12 10 18 8 7

11. Calculate median from the following data: 3

X 160 150 152 161 156
Y 5 8 6 3 7

12. 1,250 parents applied for admission of their child in school. Out of the total applicant, 240 belongs to 3
EWS (Economically weaker section) category and remaining are from general category. In the general
category, 32 parents are of service class, 12 are self-employed and remaining parents are of business
class. In the EWS category, 182 parents belong to service category. If total business class applicants are
1000, then tabulate the given information.
OR
Distinguish between discrete and continuous variable.

13. Differentiate between systematic and stratified sampling with suitable examples. 4
OR
Differentiate between primary and secondary data with examples.

14. Draw sub-divided bar diagram from the following data: 4

No. of Students
Faculty 2011-12 2012-13 2013-14
Arts 1000 900 1100
Science 400 500 600
Commerce 300 350 400

15. If the arithmetic mean of the data given below is 28, find missing frequency: 4
C-I 0-10 10-20 20-30 30-40 40-50 50-60
F 12 18 27 ___ 17 6

16. Prepare a graph to represent following data of import and exports of a commodity from 2008 to 2015. 6

year 2008 2009 2010 2011 2012 2013 2014 2015

Import(crore) 15 22 35 45 52 55 60 82
Export(crore) 20 28 42 60 65 70 75 90

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17. Calculate mode of the following data using grouping method: 6
Mid-value 5 15 25 35 45 55 65 75
No. of students 4 44 38 28 6 8 12 2
OR
Calculate mean from the data given below:
Marks 0-10 10-20 20-30 30-40 40-50 50-60 60-70
Frequency 6 9 15 25 20 15 10

SECTION A – MICRO ECONOMICS

18. What do you mean by alternative uses of resources? 1

19. Scarcity refers to limitation of _________in relation to ___________for a commodity 1

(a)Demand ,Stock (b)Demand ,Supply
(c)Supply, Demand (d) None of these.

20. If MRSxy>Px/Py, then consumer will substitute: 1

(a) X for Y
(b) Y for X
(c) Either a or b
(d) None of these
21. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives 1
given below:
Assertion (A): An Indifference curve is always convex to the origin.
Reason (R): MRS is always diminishing because of the law of diminishing marginal utility.
Alternatives:
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the 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.

Read the following case study carefully and answer the questions(22-23) on the basis of the same:
Law of demand fails when consumers judge the quality of a commodity by its price. It is an irrational
judgment. Perhaps, it is owing to a huge price difference between organic and non-organic products in
the market, that Richer sections of the society consider organic products as of very high quality.
Accordingly, the quantity demand for these products has tended to rise even when their prices are
extremely high.

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22. With fall in price of a commodity, demand of the commodity increases as it becomes relatively cheaper 1
in comparison to other commodities. This effect is known as__________.
(a) Substitution effect
(b) Income effect
(c) Law of demand
(d) Law of diminishing marginal utility
23. Two commodities Tea and Coffee can be referred as close substitute of each other if: 1
(a) Rise in price of one leads to an increase in demand of other and vice-versa
(b) Rise in price of one leads to an decrease in demand of other and vice-versa
(c) Fall in price of one leads to fall in demand of other one, but not the other way round
(d) Fall in price of one leads to fall in demand of other one, but not the other way round
24. The basis of law of demand is 1
(a) Law of variable proportion
(b) Law of diminishing marginal utility
(c) Law of supply
(d) Keynes psychological law of consumption

25. Suppose, Mayank consumes Burger and Garlic Bread. Which of the following bundle bundle of 1
Burger and Garlic Bread will Mayank choose if he has monotonic preference?
(a) Bundle A(5,7) (b) Bundle B(4,7)
(c) Bundle C(5,6) (d) None of these
26. At the point of inflexion: 1
(a) TP is maximum (b)AP is maximum
(c)MP is maximum (d)MP is zero

27. What is the general shape of the TP, AP and MP? 1

28. The government establishes a large number of institutes of science and technology. How will it affect 3
the production possibility frontiers? Explain with the help of diagram.
OR
Comment upon the shape of production possibility curve, if the marginal rate of transformation is
constant.
29. How does the budget line changes if the consumer’s income increases but the price remain 3
unchanged? Use diagram.

30. Explain conditions determining how many units of a good consumer will buy at a given price. 4

31. The quantity demanded of a good is 1500 units at the price of Rs 10 per unit. Its price elasticity 4
of demand is (-1.5). Calculate its quantity demanded, when its price falls to Rs 8 per unit.
OR
Explain in brief , the following kinds of price elasticity of demand:
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 (a) Highly elastic demand
(b) Unitary elastic demand
32. How does change in price of a complementary good affect the demand of the given good? Explain 4
with the help of diagram.

33. A consumer consumes only two goods. Explain the conditions that need to be satisfied for the 6
consumer to be in equilibrium under indifference curve analysis.
OR
Explain the following properties of indifference curve.
(i)Convex to the origin
(ii)A higher indifference curve represents higher utility level
(iii)Two indifference curve can never intersect each other.
.

34. What does the Law of variable proportion shows? Explain the three stages of production when one 6
factor input is variable.( Use diagram)

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