### 11th Standard CBSE Economics Study material & Free Online Practice Tests - View Model Question Papers with Solutions for Class 11 Session 2019 - 2020 CBSE [ Chapter , Marks , Book Back, Creative & Term Based Questions Papers - Syllabus, Study Materials, MCQ's Practice Tests etc..]

#### 11th Standard CBSE Economics Annual Exam Model Question 2020 - by Anu Bhandari - Pune - View & Read

• 1)

Which one of the following alternatives illustrate a decrease in unemployment using the PPF?

• 2)

Which of the following options is a property of an indifference curve?

• 3)

When income of the consumer falls the impact on price-demand curve of an inferior good is:

• 4)

The price elasticity of demand is defined as the responsiveness of:

• 5)

The short run, as economists use the phrase, is characterized by:

#### 11th Standard CBSE Economics Public Exam Sample Question 2020 - by Anu Bhandari - Pune - View & Read

• 1)

Production Possibilities Curve is also known as

• 2)

When economists speak of the utility of a certain good, they are referring to________________.

• 3)

Contraction of demand is the result of:

• 4)

In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the midpoint of the line would be:

• 5)

Marginal product, mathematically, is the slope of the

#### 11th Standard CBSE Economics Public Exam Important Question 2019-2020 - by Anu Bhandari - Pune - View & Read

• 1)

Which one of the following bundles of goods cannot be produced with the resources the economy currently has?

• 2)

Total utility is maximum when

• 3)

If regardless of changes in its price, the quantity demanded of a good remains unchanged, then the demand curve for the good will be:

• 4)

Identify the factor which generally keeps the price elasticity of demand for a good low

• 5)

To economists, the main difference between short run and long run is that:

#### 11th Standard Economics Board Exam Sample Question 2020 - by Anu Bhandari - Pune - View & Read

• 1)

Scarcity is a situation in which

• 2)

The consumer is in equilibrium at a point where the budget line___________.

• 3)

In case of Giffen goods, the demand curve will be:

• 4)

In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the midpoint of the line would be:

• 5)

The short run, as economists use the phrase, is characterized by:

#### 11th Standard Economics Board Exam Model Question 2019-2020 - by Anu Bhandari - Pune - View & Read

• 1)

The branch of economic theory that deals with the problem of allocation of resources is

• 2)

When economists speak of the utility of a certain good, they are referring to________________.

• 3)

If regardless of changes in its price, the quantity demanded of a good remains unchanged, then the demand curve for the good will be:

• 4)

Identify the coefficient of price elasticity of demand when the percentage increase in the quantity of good demanded is smaller than the percentage fall in its price

• 5)

The average product of labour is maximized when marginal product of labour:

#### CBSE 11th Economics - Public Model Question Paper 2019 - 2020 - by Anu Bhandari - Pune - View & Read

• 1)

Production Possibilities Curve is also known as

• 2)

Assume that when price is Rs 20, the quantity demanded is 15 units and when price is ns, the quantity demanded is 16 units. Based on this information what is the marginal revenue resulting from an increase in output from 15 units to 16 units?

• 3)

For open -end classification, which of the following is the best measure of central tendency

• 4)

When demand curve is Rectangular hyperbola, ED > 1.

• 5)

If TU remains the same; MU may be negative or positive

#### CBSE 11th Economics - Non-Competitive Market Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Which one of the following statement is not a characteristic of monopolistic competition?

• 2)

All of the following are characteristics of a monopoly except:

• 3)

Suppose that the demand curve for the XYZ Co. slopes downward and to the right. We can conclude that

• 4)

Price discrimination is one of the features of________

• 5)

Pure oligopoly is based on the _________ products.

#### CBSE 11th Economics - Perfect Competition Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

What is the shape of the demand curve faced by a firm under perfect competition?

• 2)

For a price-taking firm

• 3)

The firm in a perfectly competitive market is a price taker. This designation as a price taker is based on the assumption that______________.

• 4)

A purely competitive firm's supply schedule in the short run is determined by_____________.

• 5)

The term 'market'refers to a______________.

#### CBSE 11th Economics - Producer Equilibrium Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

What is meant by profit?

• 2)

What are the two methods for determination of producer's equilibrium?

• 3)

Give meaning of producer's equilibrium

• 4)

Suppose a firm is producing a level of output such that MR > MC. What should the firm do to maximise the profit?

• 5)

Comment on the following statement: "Firms should maximize the difference between marginal revenue and marginal cost."

#### CBSE 11th Economics - Supply Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

The supply of a good refers to:

• 2)

Supply is the

• 3)

Elasticity of supply is zero means

• 4)

Elasticity of supply is greater than one when

• 5)

In a very short period market:

#### CBSE 11th Economics - Cost Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Which one of the following cost curves is never 'U' shaped?

• 2)

Which one of the following statements is an example of an "implicit cost"?

• 3)

Which one of the following statements is true to the relationship among the average cost functions?

• 4)

Which one of the following elements is not a determinant of the firm's cost function?

• 5)

If marginal cost equals to average total cost,

#### CBSE 11th Economics - Production Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

The marginal, average, and total product curves encountered by the firm producing in the short run exhibit all of the following relationships except:

• 2)

To economists, the main difference between short run and long run is that:

• 3)

Diminishing returns occur:

• 4)

Marginal product, mathematically, is the slope of the

• 5)

Diminishing marginal returns for the first four units of a variable input is exhibited by the total product sequence:

#### CBSE 11th Economics - Elasticity of Demand Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

In case of a straight line demand curve meeting the two axes, the price elasticity of demand at the midpoint of the line would be:

• 2)

Identify the factor which generally keeps the price elasticity of demand for a good low

• 3)

Identify the coefficient of price elasticity of demand when the percentage increase in the quantity of good demanded is smaller than the percentage fall in its price

• 4)

The price elasticity of demand for hamburger is

• 5)

The price elasticity of demand is defined as the responsiveness of:

#### CBSE 11th Economics - Demand Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

All of the following items are determinants of demand except:

• 2)

A movement along the demand curve for soft drinks is best described as:

• 3)

When total demand for a commodity whose price has fallen increases, it is due to:

• 4)

With a fall in the price of a commodity:

• 5)

In case of Giffen goods, the demand curve will be:

#### CBSE 11th Economics - Consumer Equilibrium Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Which of the shaded area in the diagrams below represent total utility?

• 2)

The second glass of lemonade gives lesser satisfaction to a thirsty boy. This is a clear case of

• 3)

The consumer is in equilibrium when the following condition is satisfied

• 4)

When economists speak of the utility of a certain good, they are referring to________________.

• 5)

If indifference curve is straight line downward sloping,

#### CBSE 11th Economics - Introduction to Economics Model Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

The central problem in economics is that of

• 2)

An economy achieves "productive efficiency" when:

• 3)

If the PPF is linear, i.e., a straight line, which one of the following statements is true?

• 4)

Labour intensive technique is chosen in a

• 5)

Which of the following is an assumption of Production Possibility Frontier?

#### CBSE 11th Economics - Full Syllabus One Mark Question Paper with Answer Key - by Anu Bhandari - Pune - View & Read

• 1)

Which one of the following bundles of goods cannot be produced with the resources the economy currently has?

• 2)

Which one of the following statements is a reason for the negative slope of PPF?

• 3)

Which of the following is not a subject matter of microeconomics?

• 4)

Which of the shaded area in the diagrams below represent total utility?

• 5)

What does the area under the marginal utility curve depict?

#### CBSE 11th Economics - Full Syllabus Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Discuss the central problems of an economy

• 2)

There is given the market price of a piece of goods, how does a consumer decides as to how many units of that piece of goods to buy

• 3)

Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is Rs 12 .Using Marginal Cost and Marginal Revenue approach, find out the level of equilibrium output. Give reasons for your answer.

 Output (units) 1 2 3 4 5 6 Average cost (Rs) 12 11 10 10 10.4 11
• 4)

Compare between perfect competition and monopolistic competition.

• 5)

X and Y are complementary goods. The price of Y falls. Explain the chain of effects of this change in the market of X.

#### CBSE 11th Economics - Full Syllabus Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Discuss the subject matter of economics.

• 2)

State the central problems of an economy.

• 3)

What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production Possibilities curve of the economy and why?

• 4)

How is the law of diminishing marginal utility applied with regard to education/ knowledge?

• 5)

What do you mean by complements? Give examples of two goods which are complements of each other.

#### 11th CBSE Economics - Use of Statistical Tools Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

What is a first step of a project?

• 2)

Which of the following is a tool for presentation of data?

• 3)

Which of the following is a tool for analysis of data?

• 4)

'Limitation of study' mentions:

• 5)

What do you mean by a statistical project?

#### 11th Standard CBSE Economics - Index Numbers Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

What are uses of consumer price index?

• 2)

Why do we need an index number?

• 3)

Is the change in price reflected in price index number?

• 4)

Explain the concept and uses of index numbers.

• 5)

Define index number. Discuss various problems in the construction of index numbers.

#### 11th Standard CBSE Economics - Correlation Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Calculate the coefficient of correlation between the height of fathers in inches and (X) and their sons (Y).

 X 64 66 57 67 68 69 70 72 Y 67 56 65 68 72 72 69 71
• 2)

Calculate correlation coefficient between X and Y and comment on their relationship.

 X -3 -2 -1 1 2 3 Y 9 4 1 1 4 9
• 3)

Calculate correlation coefficient between X and Y and comment on their relationship.

 X 1 3 4 5 7 8 Y 2 6 8 10 14 16
• 4)

Define the term correlation. What purpose does it solve?

• 5)

How is correlation different from causation?

#### 11th CBSE Economics - Measures of Central Tendency - Median and Mode Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Find the median in the set of numbers given below:
62, 68, 53, 57, 20, 30, 32, 45, 72, 77, 81

• 2)

The hourly wages of 7 workers are 19, 21, 32, 45, 60, 65, 70. Find the median wages.

• 3)

Find the Lower and Upper Quartile in the set of numbers given below:
62, 68, 53, 57, 20, 30, 32, 45, 72, 77, 81

• 4)

Calculate Q1 and Q3 from the following data set.

 Marks in Economics 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 No. of students 5 15 18 12 20 15 7 3
• 5)

From the data given below, find Q1 and Q3.

 Mid Values 10 20 30 40 50 60 Frequency 3 5 8 6 5 3

#### 11th CBSE Economics - Measures of Dispersion Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Calculate the mean deviation about mean and standard deviation for the following distribution.

 Classes Frequencies 20-40 3 40-80 6 80-100 20 100-120 12 120-140 9
• 2)

The sum of 10 values is 100 and the sum of their squares is 1090. Find the coefficient of variation.

• 3)

The yield of wheat and rice per acre for4 10 districts of a state is as under:

 District 1 2 3 4 5 6 7 8 9 10 Wheat 12 10 15 19 21 16 18 9 25 10 Rice 22 29 12 23 18 15 12 34 18 12

Calculate for each crop
(i) Range
(ii) Q.D.
(v) Standard deviation
(vi) Which crop has greater variation?
(vii) Compare the values of different measures for each crop.

• 4)

A batsman is to be selected for a cricket team. The choice is between X and Y on the basis of their five previous scores which are:

 X 25 85 40 80 120 Y 50 70 65 45 80
• 5)

To check the quality of two brands of light bulbs, their life in burning hours was estimated as under for 100bulbs of each brand.

 Life (in hrs.) No. of bulbs Brand A Brand B 0-50 15 2 50-100 20 8 100-150 18 60 150-200 25 25 200-250 22 5 100 100

Which brand gives higher life?
Which brand is more dependable?

#### CBSE 11th Standard Economics - Measures of Central Tendency - Arithmetic Mean Three Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

The following table gives the monthly income of 10 employees in an office.
Income (in Rs): 1780, 1760, 1690, 1750, 1840, 1920, 1100, 1810, 1050, 1950. Calculate the A.M.

• 2)

From the following data of the marks obtained by 60 students of a class.

 Marks 20 30 40 50 60 70 No of students 8 12 20 10 6 4
• 3)

From the following data of the marks obtained by 60 students of a class. Find mean using step deviation method​​​​​​​​​​​​​​​​​​​​​

 Weight(in Kgs) 20 30 40 50 60 70 Number of students 8 12 20 10 6 4
• 4)

Find the average of the following data:

 Marks 0-10 10-20 20-30 30-40 40-50 50-60 No of students 8 12 20 10 6 4
• 5)

Calculate Mean from the data given below using step deviation method:​​​​​​​

 Marks 0-10 10-20 20-30 30-40 40-50 50-60 No of students 8 12 20 10 6 4

#### 11th CBSE Economics - Graphic Presentation Three Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Prepare Line Frequency Graph from the data given below:

 Height in em 150 151 152 153 154 155 156 157 158 159 160 No. Of Girls. 4 6 5 3 2 8 10 9 6 3 1
• 2)

We have the following data on pocket money received by students on a particular day.

 1 14 11 22 21 5 31 44 2 21 12 12 22 8 32 45 3 23 13 26 23 65 33 45 4 28 14 27 24 68 34 48 5 30 15 13 25 69 35 49 6 32 16 31 26 71 36 52 7 35 17 25 27 54 37 65 8 36 18 18 28 67 38 68 9 36 19 11 29 53 39 21 10 40 20 9 30 73 40 12

(a) Obtain a frequency distribution using class intervals: 0-10, 10-20 and so on.
(b) Draw a frequency polygon
(c) What percent of students get pocket money less than ~ 20 and what per cent of students get more than Rs.60?

• 3)

From the data given below, find median graphically.

 Number of Shares held Shareholders 0-10 60 10-20 80 20-30 12 30-40 28 40-50 20
• 4)

From the data given below, plot a time series graph.

 Year 1951 1961 1971 1981 1991 2001 Poverty (%) 52 50 47 38 36 26
• 5)

Present the following figures on a graph.

 Year Production (in tonnes) Sales (in Rs) 1971 10 3240 1981 12 4560 1991 11 3890 2001 8 2465 2011 15 5640

#### 11th CBSE Economics - Diagrammatic Presentation Three Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Draw a simple bar diagram.

• 2)

Draw a simple bar diagram

 Year 2006 2007 2008 2009 2010 Number of Machines 1200 1700 1900 2800 4300
• 3)

From the data given below, draw a multiple bar diagram.​​​​​​​​​​​​​​

 Sex Urban Rural Total Male 51.8 53.1 52.7 Female 13.9 29.9 25.4 Total 33.7 41.7 39.5
• 4)

Draw a suitable bar diagram to present following data:

 Year 2010 2011 2012 2013 2014 Expenses 1000 800 1200 1200 1300 Sales 2100 1500 2400 2200 1900
• 5)

From the data given below, draw a multiple bar diagram.
Unemployment Rates (2004per 1000)

 Rural Males Rural Females Urban Males Urban Females UPS 24 22 46 89 CWS 47 45 57 10 CDS 90 93 81 117

#### 11th Standard CBSE Economics - Tabular Presentation of Data Three Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Prepare a blank table showing the following particulars with respect to faculty members of a university, classified according to:
Faculty: arts, science, and commerce
Age group: 25-40, above 40
Sex: male and female

• 2)

In a class there are 50 students of whom 40% are males. 30% students got first division, 20% got II division, 40% got III division and 10% failed. Among girls 40% got first division, 30% II division, 30% III division and none failed.

• 3)

Out of a total number of 5,000 people who applied for a job, 2,950 were males out of total applicants, 3,500 were of already working and others were unemployed. The numbers of male applicants who belong to Unemployed category were 725.

• 4)

A sample study was conducted to know about smoking walk habits of people of two cities. Following data were obtained.

City A City B
Males in total Population 45% 54%
Smokers 22% 48%
Female Smokers 8% 18%

Tabulate the above data.

• 5)

What is tabulation? Differentiate between tabulation and classification

#### 11th Standard CBSE Economics - Organisation of Data Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Prepare a discrete frequency distribution of shoe size of your class XI students.

 7 6 7 8 9 6 7 9 10 12 7 7 6 8 9 10 11 11 10 9 12 11 10 8 9 7 6 10 11 12 10 9 9 8 7 6
• 2)

Convert the series given below into exclusive series.

 Age No of Students (x) (f) 0-9 3 10-19 4 20-29 10 30-39 7 40-49 6
• 3)

A survey revealed that daily expenditure of 30 families:
Daily Expenditure (Rs)

 11 20 26 12 21 27 14 21 28 16 22 28 16 22 31 17 23 32 18 23 32 18 24 33 20 25 36 20 25 38

Present these data in a continuous series using the following class intervals. 10-14,15-19, 20-24, 25-29, 30-34,35-39.

• 4)

Convert the following simple frequency distribution into cumulative frequency distribution.

 Class Interval Frequency 0-10 6 10-20 15 20-30 20 30-40 4 40-50 3 50-60 2
• 5)

Change the following cumulative frequency distributions into normal frequency distributions.

 Marks No. of Students Less than 10 3 Less than 20 5 Less than 30 10 Less than 40 18 Less than 50 25 Less than 60 30
 Wages No. of Workers (C.F.) More than10 50 More than 20 35 More than 30 25 More than 40 20 More than 50 18 More than 60 10

#### 11th CBSE Economics - Collection of Data Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Difference between primary and secondary data is of degree.

• 2)

What is a statistical enquiry? What are the steps in collection of data?

• 3)

What are primary data? Mention different methods of collecting primary data. Explain anyone in detail.

• 4)

What is secondary data? Explain different sources of secondary data.

• 5)

Discuss meaning, merits and demerits of telephonic interview and questionnaires filed through enumerators.

#### 11th Standard CBSE Economics - Meaning, Scope and Importance of Statistics Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Describe the features of statistics in plural sense.

• 2)

Describe various stages of statistics ad the tools used in it.

• 3)

Discuss some of the limitations of statistics.

• 4)

Explain various functions of statistics.

• 5)

Discuss the importance of Statistics in Economics.

#### 11th CBSE Economics - What is Economics Three Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

'Economics is a study of wealth.' Discuss.

• 2)

Critically analyze welfare definition of economics.

• 3)

Problem of choice is unavoidable in the ordinary business of life. How?

• 4)

Why do we need to study Economics?

• 5)

Name the definition which has got maximum acceptability. Give this definition. Critically evaluate it.

#### 11th Standard CBSE Economics - Market Equilibrium with Simple Applications Six Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

What will happen if the price prevailing in the market is
(i) Above the equilibrium price?
(ii) Below the equilibrium price?

• 2)

How are equilibrium price and quantity affected when income of the consumers.
(i) Increase? (ii) Decrease?

• 3)

Using supply and demand curves, show how an increase in the price of shoes affects the price of a pair of socks and the number of pairs of socks bought and sold.

• 4)

If at a given price of the commodity there is excess supply, how will the equilibrium price be reached? Explain with the help of a diagram.

• 5)

Market for a good is in equilibrium. There is increase in supply for this goods. Explain the chain of effects of this change. Use diagram.

#### 11th CBSE Economics - Non-Competitive Market Four And Five Marks Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Explain why the demand curve facing a firm under monopolistic competition is negatively sloped?

• 2)

What is the value of MR when the demand curve is elastic?

• 3)

List the three different ways in which oligopoly firms may behave.

• 4)

What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?

• 5)

Why AR curve (demand curve) under monopolistic competition is more elastic than AR curve under monopoly?

#### 11th Standard CBSE Economics - Perfect Competition Six Mark Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Explain features of perfect knowledge about the market.

• 2)

Why is AR curve of a firm under perfect competition parallel to X-axis?

• 3)

What is a competitive market? Briefly describe a type of market that is not perfectly competitive

• 4)

Explain feature (implication) of 'large number of sellers and buyers' in perfect competition.

• 5)

Explain the implications of large number of sellers in a perfectly competitive market.

#### 11th Standard CBSE Economics - Producer Equilibrium Six Mark Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

What conditions must hold if a profit-maximizing firm produces positive output in a competitive market?

• 2)

Explain the producer's equilibrium with MR/MC approach (when Price remains constant with the rise in output).

• 3)

Explain the conditions of a producer's equilibrium in terms of marginal cost and marginal revenue. Use diagram

• 4)

Elaborate the implication of the conditions of equilibrium of a firm

• 5)

Explain why will a producer not be in equilibrium if the conditions of equilibrium are not met.

#### 11th CBSE Economics - Revenue Two And Three Mark Model Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Define total revenue.

• 2)

Define marginal revenue.

• 3)

When TR falls, what happens to MR?

• 4)

What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

• 5)

When is price (AR) different from MR?

#### 11th CBSE Economics - Supply Three Mark Model Questions - by Maulik Prajapati - Kanpur - View & Read

• 1)

Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.

Price (Rs) SS1(Kg) SS2 (Kg)
0 0 0
1 0 0
2 0 0
3 1 0
4 2 0.5
5 3 1
6 4 1.5
7 5 2
8 6 2.5
• 2)

How does technological progress affect the supply curve of a firm?

• 3)

How does an increase in price of an input affect the supply curve of a firm?

• 4)

What does the price elasticity of supply mean? How do we measure it?

• 5)

What is the supply curve of a firm in the short run?

#### CBSE 11th Economics - Market Equilibrium with Simple Applications Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

What will happen if the price prevailing in the market is
(i) Above the equilibrium price?
(ii) Below the equilibrium price?

• 2)

How are equilibrium price and quantity affected when income of the consumers.
(i) Increase? (ii) Decrease?

• 3)

Using supply and demand curves, show how an increase in the price of shoes affects the price of a pair of socks and the number of pairs of socks bought and sold.

• 4)

Suppose the demand and supply curves of salt are given by:
${ q }^{ D }$=1,000 - P
${ q }^{ S }$=700 + 2P
(i) Find the equilibrium price and quantity.
(ii) Now suppose that the price of an input used to produce salt has increased so that the new supply curve is ${ q }^{ S }$ = 400 + 2p. How does the equilibrium price and quantity change? Does the change conform to your expectation?
(iii) Suppose the government has imposed a tax of Rs.3 per unit on sale of salt. How does it affect the equilibrium price and quantity?

• 5)

How price and quantity are determined in the market when number of firms are fixed?

#### CBSE 11th Economics - Measures of Central Tendency - Median and Mode Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

From the data given below, find median.

 Daily Income No of families Less than 100 5 100-200 9 200-300 12 300-400 2 400 and above 2
• 2)

Find the Lower and Upper Quartile in the set of numbers given below:
62, 68, 53, 57, 20, 30, 32, 45, 72, 77, 81

• 3)

From the data given below, find Q1 and Q3.

 Wages No. of workers More than 10 50 More than 20 35 More than 30 25 More than 40 20 More than 50 18 More than 60 10
• 4)

From the data given below, find Q1 and Q3.

 Pocket Expenses Frequency 0-10 2 10-30 9 30-100 3 100-500 5 500-1000 4 1000-2000 2
• 5)

It is known that median of a series is 41 and total frequencies are 82. Find the missing frequency and seventh decile and 90th percentile.

 Class Interval Frequency 10-20 10 20-30 F1 30-40 15 40-50 20 50-60 F2 60-70 11

#### CBSE 11th Economics - Measures of Dispersion Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Discuss merits and demerits of mean deviation.

• 2)

What are the properties of standard deviation Use illustrations to explain any one.

• 3)

Discuss merits and demerits of standard deviation.

• 4)

Calculate the mean deviation and coefficient of mean deviation of the following distribution using mean and median.
9, 3, 8, 8, 9, 8, 9, 18

• 5)

Calculate the mean deviation and coefficient of mean deviation of the following distribution using mean:

#### CBSE 11th Economics - Cost Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.

Q TC
0 10
1 30
2 45
3 55
4 70
5 90
6 120
• 2)

The following table gives the total cost schedule of a firm. It Is also given that the average fixed cost at 4 units of output is Rs. 5. Find the TVC, TFC. AVC, AFC, SAC and SMC schedules of the firm for the corresponding values of output.

Q TC
1 50
2 65
3 75
4 95
5 130
6 185
• 3)

A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100 Find the TVC, TC,  AVC and SAC schedules of the firm.

Q SMC
0 -
1 500
2 300
3 200
4 300
5 500
6 800
• 4)

The total fixed cost of a firm is Rs.12. Given below is its marginal cost schedule. Calculate total cost and average variable cost for each given level of output.

 Output Marginal Cost(Rs.) 1 2 3 4 5 6 9 7 2 4 8 12
• 5)

Calculate TC and AVC of a firm at each given level of output from its cost schedule.

 Output AFC MC(Rs.) 1 2 3 4 5 6 60 30 20 15 12 10 32 30 28 30 35 43

#### 11th Standard CBSE Economics - Producer Equilibrium Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

What conditions must hold if a profit-maximizing firm produces positive output in a competitive market?

• 2)

Explain the producer's equilibrium with MR/MC approach (when Price remains constant with the rise in output).

• 3)

Explain the conditions of a producer's equilibrium in terms of marginal cost and marginal revenue. Use diagram

• 4)

Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain.

• 5)

Elaborate the implication of the conditions of equilibrium of a firm

#### 11th Standard CBSE Economics - Correlation Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Calculate the coefficient of correlation between the height of fathers in inches and (X) and their sons (Y).

 X 64 66 57 67 68 69 70 72 Y 67 56 65 68 72 72 69 71
• 2)

Calculate correlation coefficient between X and Y and comment on their relationship.

 X -3 -2 -1 1 2 3 Y 9 4 1 1 4 9
• 3)

Calculate correlation coefficient between X and Y and comment on their relationship.

 X 1 3 4 5 7 8 Y 2 6 8 10 14 16
• 4)

Define the term correlation. What purpose does it solve?

• 5)

How is correlation different from causation?

#### 11th Standard CBSE Economics - Organisation of Data Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Prepare a discrete frequency distribution of shoe size of your class XI students.

 7 6 7 8 9 6 7 9 10 12 7 7 6 8 9 10 11 11 10 9 12 11 10 8 9 7 6 10 11 12 10 9 9 8 7 6
• 2)

Convert the series given below into exclusive series.

 Age No of Students (x) (f) 0-9 3 10-19 4 20-29 10 30-39 7 40-49 6
• 3)

Define classification. What are objectives of classification?

• 4)

Explain different ways of classifying data.

• 5)

Explain important terms related to a frequency distribution.

#### 11th Standard CBSE Economics - Consumer Equilibrium Six Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Explain consumer's equilibrium in case of a single commodity with the help of a utility schedule.

• 2)

Using indifference curve approach, explain the conditions of consumer's equilibrium.

• 3)

Why is the consumer in equilibrium when he buys only that combination of the two goods that is shown at the point of tangency of the budget line with an indifference curve? Explain

• 4)

A consumer consumes only two goods. Explain the conditions that need to be satisfied for the consumer to be in equilibrium under indifference curve analysis.

• 5)

Show diagrammatically the conditions for consumer's equilibrium, in Hicksian analysis of demand

#### 11th Standard CBSE Economics - Index Numbers Three Marks Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Calculate price index by taking previous year as base year for the current year.

 Year Price 2000 10 2001 12 2002 15 2003 20 2004 18 2005 21 2006 24 2007 25 2008 27
• 2)

From the data given below, calculate price index number for 2010 with 2003 as base year by:
(a) Laspeyre's Method
(b) Paasche's Method
(c) Fisher's Method

 Base Year (2003) Current Year (2010) Commodity Price Quantity Price Quantity A 10 4 12 5 B 15 6 16 5 C 10 4 12 4 D 18 5 20 5 E 25 3 30 4
• 3)

What are the desirable properties of the base period?

• 4)

Why is it essential to have different CPI for different categories of consumers?

• 5)

What does a consumer price index for industrial workers measure?

#### 11th Standard CBSE Economics - Correlation Three Marks Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Differentiate between correlation and causation.

• 2)

What do you mean by positive and negative correlation?

• 3)

What do you mean by linear and non linear correlation?

• 4)

What is the difference between simple, partial and multiple correlation?

• 5)

Mention the mathematical properties of correlation.

#### 11th Standard CBSE Economics - Measures of Dispersion Three Marks Question Paper - by Anu Bhandari - Pune - View & Read

• 1)

Calculate range and coefficient of range from the data given below:

 Marks (Above): 10 20 30 40 50 60 70 80 No of Students: 4 6 8 9 12 14 16 20
• 2)

Calculate range and coefficient of range from the data given below:

 Marks: 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 No of Students: 4 6 2 4 2 7 3 2
• 3)

From the data given below, find Quartile Deviation and coefficient of Q.D.

 Marks obtained No. of students Less than 10 3 Less than 20 5 Less than 30 10 Less than 40 18 Less than 50 25 Less than 60 30
• 4)

What is dispersion? What is the difference between an average and dispersion?

• 5)

Differentiate between absolute and relative measures of dispersion.

#### 11th Standard CBSE Economics - Graphic Presentation Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Represent the following data by means of a Histogram

 Daily Wages(Rs) Number of Workers if) 10-20 7 20-30 12 30-50 10 50-80 12 80-100 16
• 2)

Given below is daily expenditure of 30 families.

 11 20 26 12 21 27 14 21 28 16 22 28 16 22 31 17 23 32 18 23 32 18 24 33 20 25 36 20 25 38

Present these data in a continuous series using the following class intervals. 10-14,15-19,20-24, 25-29, 30-34,35-39. Then draw a frequency polygon from it.

• 3)

Exhibit the data given blow with the help of a time series graph.

 Per Capita Income of a Country Year Income (in thousand) 1971 30 1981 48 1991 53 2001 60 2011 75
• 4)

What kind of diagrams are more effective in representing the following?
(a) Monthly Rainfall in a year
(b) Composition of population of Delhi by Religion
(c) Components of cost in a factory

• 5)

Suppose you want to emphasize the increase in the share of urban nonworkers and lower level of urbanization in India as shown in the example given below. How would you do it in a tabular form?
Distribution of 542 respondents by their age in an election stud in Bihar

 Age group years No. of Respondents Per Cent 20-30 3 0.55 30-40 61 11.25 40-50 132 24.35 50-60 153 28.24 60-70 140 25`.83 70-80 51 9.41 80-90 2 0.37 All 542 100

Source: Assembly Election Patna Central Constituency, 2005A. N. Sinha Institute of Social Studies Patna

#### 11th Standard CBSE Economics - Measures of Central Tendency - Arithmetic Mean Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

From the following data of the marks obtained by 60 students of a class.

 Marks 20 30 40 50 60 70 No of students 8 12 20 10 6 4
• 2)

From the data given below, find arithmetic mean and also show that
$\sum _{ i=1 }^{ n }{ ({ x }_{ i }-\overline { x } ) }$ = 0

 21 24 14 16 18 22 25
• 3)

From the following data of the marks obtained by 60 students of a class mean was found to be 41 Show that $\sum _{ i=1 }^{ n }{ F({ x }_{ i }-\overline { x } ) } =0$

 Marks No of students 20 30 40 50 60 70 8 12 20 10 6 4
• 4)

One sample has a mean of 6 and a second sample has a mean of 12. The two samples are combined into a single set of scores.
(a) What is the mean for the combined set if both of the original samples have n = 5 scores?
(b) What is the mean for the combined set if the first sample has n = 4 score and the second sample has n = 8?

• 5)

Find out combined mean from the following data.

Group A Group B Group C
Mean 12 20 10
Number of items 20 30 40

#### 11th Standard CBSE Economics - Measures of Central Tendency - Median and Mode Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

From the wholesale price indices of six years given below, find median of the wholesale price indices.

 Year WPI 2005 120 2006 130 2007 140 2008 145 2009 150 2010 155
• 2)

Find median from the data given below:

 Wages (per hour): 20 25 30 35 40 45 50 Number of Workers: 5 7 6 10 5 4 4
• 3)

From the following data of the marks obtained by 60 students of a class,find median.

 Marks 20 30 40 50 60 70 No of students 8 12 20 10 6 4
• 4)

Calculate median from the following data set.

 Marks in Economics 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 No. of students 5 15 18 12 20 15 7 3
• 5)

From the data given below, find median.

 Marks obtained No. of students Less than 10 3 Less than 20 5 Less than 30 10 Less than 40 18 Less than 50 25 Less than 60 30
 Marks obtained (class interval) No of students Cumulative Frequency 0-10 3=3-0 3 10-20 2=5-3 5 20-30 5=10-5 10 30-40 8=18-10 18 40-50 7=25-18 25 50-60 5=30-25 30

#### 11th Standard CBSE Economics - Diagrammatic Presentation Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Draw a simple bar diagram.

• 2)

From the data given below, draw a multiple bar diagram.​​​​​​​​​​​​​​

 Sex Urban Rural Total Male 51.8 53.1 52.7 Female 13.9 29.9 25.4 Total 33.7 41.7 39.5
• 3)

From the data given below, draw a multiple bar diagram.
Unemployment Rates (2004 per 1000)

 Rural Males Rural Females Urban Males Urban Females UPS 24 22 46 89 CWS 47 45 57 10 CDS 90 93 81 117
• 4)

Draw a suitable bar diagram to present following data:

 Year 2010 2011 2012 2013 2014 Expenses 1000 800 1200 1200 1300 Sales 2100 1500 2400 2200 1900
• 5)

From the data given below, draw a sub divided bar diagram.
Worker Population Ratio in India 1999-2000

 Sex Urban Rural Total Male 51.8 53.1 52.7 Female 13.9 29.9 25.4 Total 33.7 41.7 39.5

#### 11th Standard CBSE Economics - Tabular Presentation of Data Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Prepare a blank table showing the following particulars with respect to faculty members of a university, classified according to:
Faculty: arts, science, and commerce
Age group: 25-40, above 40
Sex: male and female

• 2)

A report on sugar mill reported that sugar production during the first fortnight in December 2010 was about 3, 87,000 tones as against 3, 40,000 during the same fortnight last year. The Off-take of sugar from factories during the first fortnight of December,2001 was 2, 83,000 tonnes for internal consumption and 41,000 for exports as against 1, 54,000 tonnes for internal consumption and 24,000 tonnes for exports last year.

• 3)

A sample study was conducted to know about smoking walk habits of people of two cities. Following data were obtained.

City A City B
Males in total Population 45% 54%
Smokers 22% 48%
Female Smokers 8% 18%

Tabulate the above data.

• 4)

What is tabulation? Differentiate between tabulation and classification

• 5)

What are the essentials of a good statistical table?

#### 11th Standard CBSE Economics - Organisation of Data Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Find class intervals of following series.

 Mid Values 2 4 6 8 10 Frequency 3 2 6 4 3
• 2)

Can there be any advantage in classifying things? Explain with an example from your daily life.

• 3)

Use the data given below that relate to monthly household expenditure (in Rs) on food of 50 households and answer the questions.

 1904 1559 3473 1735 2760 2041 1612 1753 1855 4439 5090 1085 1823 2346 1523 1211 1360 1110 2152 1183 1218 1315 1105 2628 2712 4248 1812 1264 1183 1171 1007 1180 1953 1137 2048 2025 1583 1324 2621 3676 1397 1832 1962 2177 2575 1293 1365 1146 3222 1396

(i) Obtain the range of monthly household expenditure on food.
(ii) Divide the range into appropriate number of class intervals and obtain the frequency distribution of expenditure.
(iii) Find the number of households whose monthly expenditure on food is:

• 4)

Do you agree that classified data is better than raw data?

• 5)

What is loss of information in classified data?

#### 11th Standard CBSE Economics - Collection of Data Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Frame at least four appropriate multiple choice options for following questions
(i) Which of the following is most important when you buy a new dress?
(ii) How often do you use computers?
(iii) Which of the Newspapers do you read regularly?
(iv) Rise in Price of petrol is justified (v) What is the monthly income of your family?

• 2)

Frame five two way questions with Yes or No Options

• 3)

What do you think about the following questions? Do you find any problem with any of these questions? If Yes,how?
(i) How far do you live from the closest market?
(ii) If Plastic Bags are only 5% of our garbage, should these be banned?
(iii) Would not you be opposed to increase in price of petrol?
(iv) (a) Do you agree with the use of fertilizers?
(b) Do you use fertilizers in your field?
(c) What is the yield per hectare in your field?

• 4)

You want to research on popularity of vegetable Atta noodles among children. Design a questionnaire for collecting this information.

• 5)

In a village of 200 farms, a study was conducted to find the cropping pattern. Out of 50 farms surveyed, 50% grew only wheat. Identify the population and sample.

#### 11th Standard CBSE Economics - Meaning, Scope and Importance of Statistics Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

You have unlimited wants and limited resources to satisfy them. Explain by giving examples

• 2)

Give meaning of statistics.

• 3)

Define Statistics in singular sense.

• 4)

Define Statistics in Plural Sense.

• 5)

Using examples differentiate between quantitative and qualitative data.

#### 11th Standard CBSE Economics - What is Economics Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

'Economics is a study of wealth.' Discuss.

• 2)

Critically analyze welfare definition of economics.

• 3)

Problem of choice is unavoidable in the ordinary business of life. How?

• 4)

Why do we need to study Economics?

• 5)

Is economics an Art or Science? Give reasons.

#### 11th Standard CBSE Economics - Market Equilibrium with Simple Applications Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Under what condition increase in demand would not make any effect on equilibrium price?

• 2)

Under what condition increase in demand would not make any effect on equilibrium quantity?

• 3)

Give reasons for the following statements:
(i) A decrease in supply will not result in a change in equilibrium quantity if the demand for a commodity is perfectly inelastic
(ii)  An decrease in supply will not result in a change in equilibrium price if the demand for a commodity is perfectly elastic.

• 4)

Explain the effects of a 'price ceiling'.

• 5)

Explain the effects of a 'price floor'.

#### 11th Standard CBSE Economics - Non - Competitive Market Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Explain why the demand curve facing a firm under monopolistic competition is negatively sloped?

• 2)

What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit?

• 3)

What is the value of MR when the demand curve is elastic?

• 4)

List the three different ways in which oligopoly firms may behave.

• 5)

What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?

#### CBSE 11th Economics - Perfect Competition Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

What are the Characteristics of a perfectly competitive market?

• 2)

What is price line under perfect competition?

• 3)

What is the relation between market price and average revenue of a price taking firm (i.e. perfectly competitive firm)?

• 4)

Explain feature of homogeneous product.

• 5)

Explain the implication of homogeneous product.

#### 11th Standard CBSE Economics - Revenue Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Compute the total revenue, marginal revenue and average revenue schedules in following table. Market price of each unit of goods is Rs 10.

 Quantity sold 0 1 2 3 4 5 6 TR(Rs) AR(Rs) MR(Rs)
• 2)

Whatwouldbetheshapeofthe demand curve so that the total revenue curve is
(a) A positively sloped straight line passing through the origin?
(b) A horizontal line?

• 3)

Comment on the shape of the MR curve in case the TR curve is a
(i) positively sloped straight line,
(ii) horizontal straight line.

• 4)

Calculate TR and MR from the following data.

 units sold AR(Rs) 1 2 3 4 5 6 25 23 21 19 18 15
• 5)

Complete the following table.

Price(Rs) Output (units) TR(Rs) MR(Rs) 12 10 8 6 1 2 3 4 - - - - - - - -

#### CBSE 11th Economics Unit 8 Supply Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.

Price (Rs) SS1(Units)
0 0
1 0
2 2
3 4
4 6
5 8
6 10
7 12
8 14
• 2)

How does an increase in price of an input affect the supply curve of a firm?

• 3)

How does an increase in the number of firms in a market affect the market supply curve?

• 4)

What does the price elasticity of supply mean? How do we measure it?

• 5)

What is the supply curve of a firm in the short run?

#### 11th Standard CBSE Economics - Cost Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

What are total fixed cost, total variable cost and total cost of a firm? How are they related?

• 2)

What are the average fixed cost, average variable cost and average cost of a firm? How are they related?

• 3)

Why does SMC curve cut AVC curve at the minimum point of AVC curve?

• 4)

At which point does the SMC curve cut the SAC curve? Give reason in support of your answer.

• 5)

What is meant by variable (prime) cost of a firm? Give examples.

#### 11th Standard CBSE Economics - Production Six Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour.

• 2)

Explain the law of variable proportion with the help of total product and marginal product curves.

• 3)

State the different phases of changes in Total Product and Marginal Product in the Law of Variable Proportions. Also show the same in a single diagram

• 4)

Giving reasons, explain the law of variable proportion.

• 5)

What are the different phases in the Law of Variable Proportions in terms of marginal product? Give reason behind each phase. Use diagram.

#### 11th Standard CBSE Economics - Cost Six Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.

Q TC
0 10
1 30
2 45
3 55
4 70
5 90
6 120
• 2)

The following table gives the total cost schedule of a firm. It Is also given that the average fixed cost at 4 units of output is Rs. 5. Find the TVC, TFC. AVC, AFC, SAC and SMC schedules of the firm for the corresponding values of output.

Q TC
1 50
2 65
3 75
4 95
5 130
6 185
• 3)

A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100 Find the TVC, TC,  AVC and SAC schedules of the firm.

Q SMC
0 -
1 500
2 300
3 200
4 300
5 500
6 800
• 4)

The total fixed cost of a firm is Rs.12. Given below is its marginal cost schedule. Calculate total cost and average variable cost for each given level of output.

 Output Marginal Cost(Rs.) 1 2 3 4 5 6 9 7 2 4 8 12
• 5)

Calculate TC and AVC of a firm at each given level of output from its cost schedule.

 Output AFC MC(Rs.) 1 2 3 4 5 6 60 30 20 15 12 10 32 30 28 30 35 43

#### 11th CBSE Economics - Elasticity of Demand Three Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Explain price elasticity of demand.

• 2)

Consider the demand curve D(P) = 10 - 3p. What is the elasticity at price 5/3?

• 3)

Suppose the price elasticity of demand for a good is -0.2. If there is a 5% increase in the price of the good, by what percentage will the demand for the good go down?

• 4)

Differentiate between perfectly elastic and perfectly inelastic demand

• 5)

A consumer spends Rs 80 on a commodity when price is Rs 1 per unit. If the price increases by Rs 1, his expenditure becomes Rs 96. Comment on PED.

#### 11th Standard CBSE Economics - Demand Three Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Suppose there are 20 consumers for a good and they have identical demand functions:
(p) = 10 - 3p for any price less than $\frac { 10 }{ 3 }$ and d1(p) = 0 at any price greater than or equal to $\frac { 10 }{ 3 }$ What is the 3 market demand function?

• 2)

What do you mean by substitutes? Give examples of two goods which are substitutes of each other.

• 3)

What do you mean by complements? Give examples of two goods which are complements of each other.

• 4)

Does a fall in income have the same effect on demand for the given commodity?

• 5)

Differentiate between Normal Goods and Inferior Goods.

#### 11th CBSE Economics - Consumer Equilibrium Five Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Explain why an Indifference curve has a negative slope (i.e. IC slope downwards to the right).

• 2)

"Law of diminishing marginal utility will operate even if consumption takes place in intervals." Defend or refute.

• 3)

Define market rate of exchange.

• 4)

Explain consumer's equilibrium in case of a single commodity with the help of a utility schedule.

• 5)

Using indifference curve approach, explain the conditions of consumer's equilibrium.

#### 11th CBSE Economics - Introduction to Economics Five Mark Question Paper - by Maulik Prajapati - Kanpur - View & Read

• 1)

Distinguish between microeconomics and macroeconomics.

• 2)

"An economy always produces on but not inside PPC. Defend or refute

• 3)

Explain the meaning of opportunity cost with the help of production possibility schedule.

• 4)

Production in an economy is below to its potentiality due to unemployment. Government starts employment generation schemes. Explain its effects by using production possibility curve.

• 5)

Using a diagram explain what will happen to the PPC of Bihar if the river Kosi causes widespread floods?

#### 11th Standard CBSE Economics - Production Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

The following table gives the total product schedule of labour. Find the corresponding average product and marginal product schedules of labour.

 L TPL 0 0 1 15 2 35 3 50 4 40 5 48
• 2)

The following table gives the marginal product schedule of labour. It is also given that total product of labour is zero at zero level of employment. Calculate the total and average product schedules of labour.

 L MPL 1 3 2 5 3 7 4 5 5 3 6 1
• 3)

Find out the maximum possible output for a firm with zero unit of Land 10 units of K when its production function is Q = SL + 2K

• 4)

Differentiate between Short Period production and Long Period production function.

• 5)

Explain the relationship between Marginal product and Average Product.

#### 11th Standard CBSE Economics - Elasticity of Demand Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Explain price elasticity of demand.

• 2)

Consider the demand for a good. At price Rs 4, the demand for the good is 25 units. Suppose price of the good increases to Rs 5, and as a result, the demand for the good falls to 20 units. Calculate the price elasticity?

• 3)

Consider the demand curve D(P) = 10 - 3p. What is the elasticity at price 5/3?

• 4)

Suppose the price elasticity of demand for a good is -0.2. If there is a 5% increase in the price of the good, by what percentage will the demand for the good go down?

• 5)

The demand for a goods falls to 500 units in response to rise in price by Rs 10. If the original demand was 600 units at the price of Rs 30, calculate price elasticity of demand.

#### 11th Standard CBSE Economics Unit 3 Demand Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

What do you mean by complements? Give examples of two goods which are complements of each other.

• 2)

What is the relation between good x and good y in each case, if with a fall in price of x demand for good y (i) rises and (ii) falls? Give reason.

• 3)

Differentiate between Normal Goods and Inferior Goods.

• 4)

Differentiate between substitute goods and complementary goods.

• 5)

Explain law of demand with the help of a demand schedule.

#### CBSE 11th Economics - Consumer Equilibrium Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

A consumer wants to consume two goods. The prices of the two goods are Rs.4 and Rs. 5 respectively. The consumer's income is Rs.20.
(i) Write down the equation of the budget line.
(ii) How much quantity of good 1 can the consumer consume if she spends her entire income on that good?
(iii) How much of good 2 can she consume if she spends her entire income on that good?
(iv) What is the slope of the budget line?

• 2)

Suppose a consumer wants to consume two goods which are available only in integer units. The two goods are equally priced at Rs.10 and the consumer's income is Rs.40.
(i) Write down all the bundles that are available to the consumer.
(ii) Among the bundles that are available to the consumer's. Identify those which cost her exactly 40.

• 3)

Explain with diagram, the relationship between TU and MU.

• 4)

How many chocolates will a consumer have, if they are available free of cost?

• 5)

"Total Utility remains the same, whether Marginal Utility is positive or negative". Defend or refute.

#### 11th Standard CBSE Economics - Introduction to Economics Three Marks Questions - by Anu Bhandari - Pune - View & Read

• 1)

Discuss the subject matter of economics.

• 2)

Distinguish between microeconomics and macroeconomics.

• 3)

Why do all economies have similar central problems?

• 4)

State the central problems of an economy.

• 5)

Does production take place only on PPC?

#### CBSE 11th Economics - Index Numbers Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

An index number which accounts for the relative importance of the items is known as

• 2)

In most of the weighted index numbers, weight pertains to:

• 3)

A consumer price index measures changes in:

• 4)

The item having highest weight in consumer price index of industrial workers is

• 5)

In general, inflation is calculated by using:

#### CBSE 11th Economics - Correlation Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

The unit of correlation coefficient between height in feet and weight in kg is

• 2)

The range of simple correlation coefficient is:

• 3)

If rxy is positive the relation X and Y is of the type:

• 4)

If rxy is zero, the variable X and Y are

• 5)

If precisely measured data are available the simple correlation coefficient is

#### CBSE 11th Economics - Measures of Dispersion Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

In the previous question, Calculate the relative measures of variation and indicate the value which in your opinion, is more reliable.

#### CBSE 11th Economics - Measures of Central Tendency - Median and Mode Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

The most suitable average for qualitative measurement is:

• 2)

Which average is most affected by extreme values?

• 3)

The algebraic sum of deviations of a set of n values from arithmetic mean is:

• 4)

The sum of deviation of items from median is zero.

• 5)

An average alone is not enough to compare series.

#### 11th Standard CBSE Economics - Measures of Central Tendency - Arithmetic Mean Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

From the data given below, find arithmetic mean and also show that
$\sum _{ i=1 }^{ n }{ ({ x }_{ i }-\overline { x } ) }$ = 0

 21 24 14 16 18 22 25
• 2)

From the following data of the marks obtained by 60 students of a class mean was found to be 41 Show that $\sum _{ i=1 }^{ n }{ F({ x }_{ i }-\overline { x } ) } =0$

 Marks No of students 20 30 40 50 60 70 8 12 20 10 6 4
• 3)

One sample has a mean of 6 and a second sample has a mean of 12. The two samples are combined into a single set of scores.
(a) What is the mean for the combined set if both of the original samples have n = 5 scores?
(b) What is the mean for the combined set if the first sample has n = 4 score and the second sample has n = 8?

• 4)

There are 80 students in a class whose average marks in Statistics are 65. There are two sections in the class. In one section there are fifty students whose average marks are 62. Find the average marks of other section.

• 5)

The average income of 20 employees in a factory was Rs 100. Later on it was discovered that the wages of two employees were wrongly recorded as 120 and 80 in place of 40 and 60. Find the correct mean.

#### CBSE 11th Economics - Graphic Presentation Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Bar diagram is a:

• 2)

Data represented through a histogram can help in finding graphically the:

• 3)

Ogive can be helpful in locating graphically the:

• 4)

Data represented through arithmetic line graph help in understanding:

• 5)

Width of the bars in a bar diagram need not be equal.

#### CBSE 11th Economics - Tabular Presentation of Data Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Prepare a blank table showing the following particulars with respect to faculty members of a university, classified according to:
Faculty: arts, science, and commerce
Age group: 25-40, above 40
Sex: male and female

• 2)

In a class there are 50 students of whom 40% are males. 30% students got first division, 20% got II division, 40% got III division and 10% failed. Among girls 40% got first division, 30% II division, 30% III division and none failed.

• 3)

Out of a total number of 5,000 people who applied for a job, 2,950 were males out of total applicants, 3,500 were of already working and others were unemployed. The numbers of male applicants who belong to Unemployed category were 725.

• 4)

A report on sugar mill reported that sugar production during the first fortnight in December 2010 was about 3, 87,000 tones as against 3, 40,000 during the same fortnight last year. The Off-take of sugar from factories during the first fortnight of December,2001 was 2, 83,000 tonnes for internal consumption and 41,000 for exports as against 1, 54,000 tonnes for internal consumption and 24,000 tonnes for exports last year.

• 5)

A sample study was conducted to know about smoking walk habits of people of two cities. Following data were obtained.

City A City B
Males in total Population 45% 54%
Smokers 22% 48%
Female Smokers 8% 18%

Tabulate the above data.

#### CBSE 11th Standard Economics - Organisation of Data Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Which of the following alternatives is true?
The class MidPoint is equal to

• 2)

Which of the following alternatives is true?
The frequency distribution of two variable is known as:

• 3)

Which of the following alternatives is true?
Statistical Calculations in classified data are based on:

• 4)

Which of the following alternatives is true?
Under exclusive method:

• 5)

Which of the following alternatives is true?
Range is the:

#### CBSE 11th Economics - Collection of Data Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

There are many sources of data

• 2)

Telephone survey is most important when population is spread over a large area.

• 3)

Data collected by investigator is called secondary data.

• 4)

There is some bias involved in non random selection of data.

• 5)

Non Sampling Errors can be minimized by taking large samples.

#### CBSE 11th Economics - Meaning, Scope and Importance of Statistics Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Statistics can only deal with quantitative data.

• 2)

Statistics solves economic problems

• 3)

Statistics is of no use to Economics without data.

• 4)

Make a list of activities that constitute ordinary business of life. Are these Economic Activities?

• 5)

The Government and Policy makers use statistical data to formulate suitable policies of Economics Development. Illustrate with two examples.

#### CBSE 11th Economics - Market Equilibrium with Simple Applications Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Explain market equilibrium.

• 2)

When do we say there is excess demand for a commodity in the market?

• 3)

When do you say there is excess supply for a commodity in the market?

• 4)

Explain the effects of 'maximum price ceiling' on the market of a good. Use diagram.

• 5)

What are the effects of 'price-floor' (minimum price ceiling) on the market of a good? Use diagram.

#### CBSE 11th Economics - Non-Competitive Market Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Willmonopolistfirmcontinueto produce in the short run if a loss is incurred at the best short run level of output?

• 2)

Explain why the demand curve facing a firm under monopolistic competition is negatively sloped?

• 3)

What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit?

• 4)

What is the value of MR when the demand curve is elastic?

• 5)

List the three different ways in which oligopoly firms may behave.

#### CBSE 11th Economics - Producer Equilibrium Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Will a profit-maximizing firm in a competitive market ever produce a positive level of output in the range where the marginal cost is falling? Give an explanation.

• 2)

The following table shows the total revenue and total cost schedules of a competitive firm. Calculate the profit at each output level. Determine also the market price of the goods.

 Quantity sold (Units) TR (in Rs) TC (in Rs) Profit (Rs) 0 1 2 3 4 5 6 7 0 5 10 15 20 25 30 35 5 7 10 12 15 23 33 40 - - - - - - - -
• 3)

What conditions must hold if a profit-maximizing firm produces positive output in a competitive market?

• 4)

Explain the producer's equilibrium with MR/MC approach (when Price remains constant with the rise in output).

• 5)

Explain the conditions of a producer's equilibrium in terms of marginal cost and marginal revenue. Use diagram

#### 11th Standard CBSE Economics Unit 8 Revenue Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

How are the total revenue of a firm, market price, and the quantity sold by the firm related to each other?

• 2)

Compute the total revenue, marginal revenue and average revenue schedules in following table. Market price of each unit of goods is Rs 10.

 Quantity sold 0 1 2 3 4 5 6 TR(Rs) AR(Rs) MR(Rs)
• 3)

Whatwouldbetheshapeofthe demand curve so that the total revenue curve is
(a) A positively sloped straight line passing through the origin?
(b) A horizontal line?

• 4)

Comment on the shape of the MR curve in case the TR curve is a
(i) positively sloped straight line,
(ii) horizontal straight line.

• 5)

From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand:

 Quantity 1 2 3 4 5 6 7 8 9 Marginal Revenue 10 6 2 2 2 0 0 0 -5

#### 11th Standard CBSE Economics Unit 7 Supply Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Consider a market with two firms. The following table shows the supply schedules of two firms: the SS1 column gives supply schedule of firm 1 and SS2 column gives supply schedule of firm 2. Compute the market supply schedule.

Price (Rs) SS1(in Units) SS2 (in Units)
0 0 0
1 0 0
2 0 0
3 1 1
4 2 2
5 3 3
6 4 4
• 2)

Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.

Price (Rs) SS1(Kg) SS2 (Kg)
0 0 0
1 0 0
2 0 0
3 1 0
4 2 0.5
5 3 1
6 4 1.5
7 5 2
8 6 2.5
• 3)

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.

Price (Rs) SS1(Units)
0 0
1 0
2 2
3 4
4 6
5 8
6 10
7 12
8 14
• 4)

How does technological progress affect the supply curve of a firm?

• 5)

How does the imposition of a unit tax affect the supply curve of a firm?

#### 11th Standard CBSE Economics Unit 6 Cost Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Briefly explain the concept of the cost function.

• 2)

Can there be some fixed cost in the long run? If not, why?

• 3)

What do the short run marginal cost, average variable cost and short run average cost curves look like?

• 4)

What are total fixed cost, total variable cost and total cost of a firm? How are they related?

• 5)

What does the average fixed cost curve look like? Why does it look so?

#### 11th Standard CBSE Economics Unit 5 Production Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

What is the total product of an input?

• 2)

What is the average product of an input?

• 3)

What is the marginal product of an input?

• 4)

What is the law of diminishing marginal product?

• 5)

What is the law of variable proportions?

#### 11th Standard CBSE Economics - Demand Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

The price elasticity of demand is defined as the responsiveness of:

• 2)

Which one of the following is not an assumption of the theory of demand based on analysis of indifference curve?

• 3)

Marginal utility of the first unit is equal to Total Utility

• 4)

Suppose there are 20 consumers for a good and they have identical demand functions:
(p) = 10 - 3p for any price less than $\frac { 10 }{ 3 }$ and d1(p) = 0 at any price greater than or equal to $\frac { 10 }{ 3 }$ What is the 3 market demand function?

• 5)

What policy initiatives can the government undertake to increase the demand of milk in the country? Mention anyone.

#### 11th Standard CBSE Economics - Elasticity of Demand Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

Suppose the price elasticity of demand for a good is -0.2. How will the expenditure on the good be affected if there is a 10% increase in the price of the good?

• 2)

Suppose, there was 4% decrease in the price of a good and as a result, the expenditure on the goods increased by 2%. What can you say about the elasticity of demand?

• 3)

Explain price elasticity of demand.

• 4)

Consider the demand for a good. At price Rs 4, the demand for the good is 25 units. Suppose price of the good increases to Rs 5, and as a result, the demand for the good falls to 20 units. Calculate the price elasticity?

• 5)

Consider the demand curve D(P) = 10 - 3p. What is the elasticity at price 5/3?

#### 11th Standard CBSE Economics Unit 2 Consumer Equilibrium Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

What do you mean by the budget set of a consumer?

• 2)

What is Budget Line?

• 3)

Explain why budget line is downward sloping?

• 4)

Suppose a consumer can afford to buy 6 units of good 1 and 8 units of good 2 if she spends her entire income. The prices of the two goods are Rs.6 and Rs.8 respectively. How much is the consumer's income?

• 5)

A consumer wants to consume two goods. The prices of the two goods are Rs.4 and Rs. 5 respectively. The consumer's income is Rs.20.
(i) Write down the equation of the budget line.
(ii) How much quantity of good 1 can the consumer consume if she spends her entire income on that good?
(iii) How much of good 2 can she consume if she spends her entire income on that good?
(iv) What is the slope of the budget line?
How does the budget line change if the consumer's income increases to Rs.40 but the prices remain unchanged?

#### 11th Standard CBSE Economics - Consumer Equilibrium Book Back Questions - by Anu Bhandari - Pune - View & Read

• 1)

A consumer wants to consume two goods. The prices of the two goods are Rs.4 and Rs. 5 respectively. The consumer's income is Rs.20.
(i) Write down the equation of the budget line.
(ii) How much quantity of good 1 can the consumer consume if she spends her entire income on that good?
(iii) How much of good 2 can she consume if she spends her entire income on that good?
(iv) What is the slope of the budget line?
How does the budget line change if the price of good 2 decreases by a rupee but the price of good 1 and the consumer's income remain unchanged?

• 2)

A consumer wants to consume two goods. The prices of the two goods are Rs.4 and Rs. 5 respectively. The consumer's income is Rs.20.
(i) Write down the equation of the budget line.
(ii) How much quantity of good 1 can the consumer consume if she spends her entire income on that good?
(iii) How much of good 2 can she consume if she spends her entire income on that good?
(iv) What is the slope of the budget line?
What happens to the budget set if both the prices as well as the income double?

• 3)

Suppose a consumer's preferences are monotonic. What can you say about her preference-ranking over the bundles (10, 10), (10, 9), (9, 9).

• 4)

Suppose your friend is indifferent to the bundles (5, 6) and (6, 6). Are the preferences of your friend monotonic?

• 5)

Why is budget line negatively sloped?

#### 11th Standard CBSE Economics Unit 9 Producer Equilibrium One Mark Question and Answer - by Anu Bhandari - Pune - View & Read

• 1)

If MC is more than MR at a particular level of output, how will the producer react to maximize the profits________________

• 2)

When MC is equal to MR, while maximizing profit, then

• 3)

What is the relation between price and marginal cost at equilibrium, when price falls with the rise in output.

• 4)

What is the relation between price and marginal cost at equilibrium, when price remains constant with the rise in output.

• 5)

A producer is in equilibrium when total cost and total revenue are equal.

#### 11th Standard CBSE Economics Unit 8 Revenue One Mark Question and Answer - by Anu Bhandari - Pune - View & Read

• 1)

Assume that when price is Rs 20, the quantity demanded is 9 units, and when price is Rs19 the quantity demanded is 10 units. Based on this information what is the marginal revenue resulting from an increase in output from 9 units to 10 units.

• 2)

Assume that when price is Rs 20, the quantity demanded is 15 units and when price is ns, the quantity demanded is 16 units. Based on this information what is the marginal revenue resulting from an increase in output from 15 units to 16 units?

• 3)

Total revenue =

• 4)

Average revenue is the revenue earned_____________.

• 5)

AR can be symbolically written as:

#### 11th Standard CBSE Economics Unit 7 Supply One Mark Question and Answer - by Anu Bhandari - Pune - View & Read

• 1)

A vertical supply curve parallel to Y-axis implies that the elasticity of supply is:

• 2)

The supply of a good refers to:

• 3)

An increase in the supply of a good is caused by:

• 4)

Elasticity of supply refers to the degree of responsiveness of supply of a good to changes in its:

• 5)

A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is:

#### 11th Standard CBSE Economics Unit 6 Cost One Mark Question with Answer Key - by Anu Bhandari - Pune - View & Read

• 1)

Which cost increases continuously with the increase in production?

• 2)

Which one of the following cost curves is never 'U' shaped?

• 3)

Which one of the following statements is an example of "explicit cost"?

• 4)

Which one of the following statements is an example of an "implicit cost"?

• 5)

Marginal cost is defined as:

### CBSE Education Study Materials

#### 11th CBSE Economics 2019 - 2020 Academic Syllabus - by Anu Bhandari - Pune Aug 21, 2019 Aug 21, 2019

Economics 2019 - 2020 Academic Syllabus

#### CBSEStudy Material - Sample Question Papers with Solutions for Class 11 Session 2019 - 2020

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