CBSE Class 11 Economics Sample Paper - 4 | Economics Class 11 - Commerce PDF Download

 Page 1


         
  
 Economics 
Maximum Marks: 80 
Time Allowed: : 3 hours
General Instructions:
1. This question paper contains two sections: 
Section A – Micro Economics 
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Assertion (A): Statistical techniques are used to analyze economic problems of countries like poverty, price control, etc. 
Reason (R): The policy of family planning can be made effective in controlling the population of the country.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
2. ______ is the ratio of the price of a certain commodity at the current year to its price at the base year.
a) price index
b) none of these
c) price relative
d) relative price
3. The range of simple correlation coefficient is: 
a) Minus one to plus one
b) 0 to infinity
c) 0 to plus one
d) Minus infinity to infinity
4. Construct price index number from the following data by applying(Fisher’s ideal Method
Commodity
Price 
(2000)
Quantity 
(2000)
Price 
(2001)
Quantity 
(2001)
A 2 8 4 5
B 5 12 6 10
C 4 15 5 12
D 2 18 4 20
a) 144.5
b) 147.3
c) 144.7
Page 2


         
  
 Economics 
Maximum Marks: 80 
Time Allowed: : 3 hours
General Instructions:
1. This question paper contains two sections: 
Section A – Micro Economics 
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Assertion (A): Statistical techniques are used to analyze economic problems of countries like poverty, price control, etc. 
Reason (R): The policy of family planning can be made effective in controlling the population of the country.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
2. ______ is the ratio of the price of a certain commodity at the current year to its price at the base year.
a) price index
b) none of these
c) price relative
d) relative price
3. The range of simple correlation coefficient is: 
a) Minus one to plus one
b) 0 to infinity
c) 0 to plus one
d) Minus infinity to infinity
4. Construct price index number from the following data by applying(Fisher’s ideal Method
Commodity
Price 
(2000)
Quantity 
(2000)
Price 
(2001)
Quantity 
(2001)
A 2 8 4 5
B 5 12 6 10
C 4 15 5 12
D 2 18 4 20
a) 144.5
b) 147.3
c) 144.7
         
  
d) 147.5
5. If the prices of all commodities in a place have increased 1.25 times in comparison to the base period, the index number
of prices of that place is now 
a) 125
b) 150
c) 350
d) None of these
6. If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average 
a) 450
b) 350
c) 250
d) 150
7. Which limitation of statistics is highlighted in the below example 
In cloth business profit earned in three years is ?1000, ?2000 and ?3000 and in the paper business profit earned is ?3000,
?2000 and ?1000. Both businesses earning the same average profit ?2000 that shows both have the same economic
status. But actually cloth business is making profit and paper business is declining.
a) Statistics of numerical facts only
b) Prone to misuse
c) Study of aggregates only
d) Without reference result may prove to wrong
8. The most accurate mode of data presentation is:
a) Diagrammatic method
b) Textual presentation
c) None of these
d) Tabulation
9. Consumer price index numbers are prepared for
a) Farmers
b) All people
c) Factor employees
d) Well defined section of people
10. Calculate Karl Pearson’s coefficient of correlation on the following data:
X 15 18 21 24 27 30 36 39 42 48
Y 25 25 27 27 31 33 35 41 41 45
a) 0.75
b) 0.45
c) 0.89
d) 0.98
11. Explain four limitations of consumer price index numbers. 
12. Calculate the arithmetic mean of marks of 6 students by assumed mean or short-cut method. Marks obtained (X) : 50, 54,
56, 58, 59, 60.
OR
Calculate the mean farm size of cultivating households in a village from the following data.
Farm Size (in acres) 64 63 62 61 60 59
Number of Cultivating Households 8 18 12 9 7 6
Page 3


         
  
 Economics 
Maximum Marks: 80 
Time Allowed: : 3 hours
General Instructions:
1. This question paper contains two sections: 
Section A – Micro Economics 
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Assertion (A): Statistical techniques are used to analyze economic problems of countries like poverty, price control, etc. 
Reason (R): The policy of family planning can be made effective in controlling the population of the country.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
2. ______ is the ratio of the price of a certain commodity at the current year to its price at the base year.
a) price index
b) none of these
c) price relative
d) relative price
3. The range of simple correlation coefficient is: 
a) Minus one to plus one
b) 0 to infinity
c) 0 to plus one
d) Minus infinity to infinity
4. Construct price index number from the following data by applying(Fisher’s ideal Method
Commodity
Price 
(2000)
Quantity 
(2000)
Price 
(2001)
Quantity 
(2001)
A 2 8 4 5
B 5 12 6 10
C 4 15 5 12
D 2 18 4 20
a) 144.5
b) 147.3
c) 144.7
         
  
d) 147.5
5. If the prices of all commodities in a place have increased 1.25 times in comparison to the base period, the index number
of prices of that place is now 
a) 125
b) 150
c) 350
d) None of these
6. If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average 
a) 450
b) 350
c) 250
d) 150
7. Which limitation of statistics is highlighted in the below example 
In cloth business profit earned in three years is ?1000, ?2000 and ?3000 and in the paper business profit earned is ?3000,
?2000 and ?1000. Both businesses earning the same average profit ?2000 that shows both have the same economic
status. But actually cloth business is making profit and paper business is declining.
a) Statistics of numerical facts only
b) Prone to misuse
c) Study of aggregates only
d) Without reference result may prove to wrong
8. The most accurate mode of data presentation is:
a) Diagrammatic method
b) Textual presentation
c) None of these
d) Tabulation
9. Consumer price index numbers are prepared for
a) Farmers
b) All people
c) Factor employees
d) Well defined section of people
10. Calculate Karl Pearson’s coefficient of correlation on the following data:
X 15 18 21 24 27 30 36 39 42 48
Y 25 25 27 27 31 33 35 41 41 45
a) 0.75
b) 0.45
c) 0.89
d) 0.98
11. Explain four limitations of consumer price index numbers. 
12. Calculate the arithmetic mean of marks of 6 students by assumed mean or short-cut method. Marks obtained (X) : 50, 54,
56, 58, 59, 60.
OR
Calculate the mean farm size of cultivating households in a village from the following data.
Farm Size (in acres) 64 63 62 61 60 59
Number of Cultivating Households 8 18 12 9 7 6
         
  
13. Convert the following inclusive class interval into an exclusive class interval.
Inclusive Class Interval Frequency (f)
0-99 2
100-199 4
200-299 5
300-399 6
400-499 3
500-599 5
Total 25
14. Construct the histogram for the following distribution.
Marks Obtained Number of Students
0-10 6
10-20 10
20-30 26
30-40 22
40-60 10
60-90 9
OR
Draw the ‘less-than’ and ‘more-than’ ogive from the data given below
Weekly Wages (in Rs.) Number of Workers
0-20 10
20-40 20
40-60 40
60-80 20
80-100 10
15. “Secondary data is ready for reference, while primary data has to be collected and processed”. Keeping in view the
above statement, differentiate between primary data and secondary data. 
 
 
16. From the data given below, calculate Karl Pearson’s coefficient of correlation between the density of the population and
death rate by step deviation method.
Region Area(in sq km) Population Death
A 200 40000 480
B 150 75000 1200
C 120 72000 1080
D 80 20000 280
Page 4


         
  
 Economics 
Maximum Marks: 80 
Time Allowed: : 3 hours
General Instructions:
1. This question paper contains two sections: 
Section A – Micro Economics 
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Assertion (A): Statistical techniques are used to analyze economic problems of countries like poverty, price control, etc. 
Reason (R): The policy of family planning can be made effective in controlling the population of the country.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
2. ______ is the ratio of the price of a certain commodity at the current year to its price at the base year.
a) price index
b) none of these
c) price relative
d) relative price
3. The range of simple correlation coefficient is: 
a) Minus one to plus one
b) 0 to infinity
c) 0 to plus one
d) Minus infinity to infinity
4. Construct price index number from the following data by applying(Fisher’s ideal Method
Commodity
Price 
(2000)
Quantity 
(2000)
Price 
(2001)
Quantity 
(2001)
A 2 8 4 5
B 5 12 6 10
C 4 15 5 12
D 2 18 4 20
a) 144.5
b) 147.3
c) 144.7
         
  
d) 147.5
5. If the prices of all commodities in a place have increased 1.25 times in comparison to the base period, the index number
of prices of that place is now 
a) 125
b) 150
c) 350
d) None of these
6. If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average 
a) 450
b) 350
c) 250
d) 150
7. Which limitation of statistics is highlighted in the below example 
In cloth business profit earned in three years is ?1000, ?2000 and ?3000 and in the paper business profit earned is ?3000,
?2000 and ?1000. Both businesses earning the same average profit ?2000 that shows both have the same economic
status. But actually cloth business is making profit and paper business is declining.
a) Statistics of numerical facts only
b) Prone to misuse
c) Study of aggregates only
d) Without reference result may prove to wrong
8. The most accurate mode of data presentation is:
a) Diagrammatic method
b) Textual presentation
c) None of these
d) Tabulation
9. Consumer price index numbers are prepared for
a) Farmers
b) All people
c) Factor employees
d) Well defined section of people
10. Calculate Karl Pearson’s coefficient of correlation on the following data:
X 15 18 21 24 27 30 36 39 42 48
Y 25 25 27 27 31 33 35 41 41 45
a) 0.75
b) 0.45
c) 0.89
d) 0.98
11. Explain four limitations of consumer price index numbers. 
12. Calculate the arithmetic mean of marks of 6 students by assumed mean or short-cut method. Marks obtained (X) : 50, 54,
56, 58, 59, 60.
OR
Calculate the mean farm size of cultivating households in a village from the following data.
Farm Size (in acres) 64 63 62 61 60 59
Number of Cultivating Households 8 18 12 9 7 6
         
  
13. Convert the following inclusive class interval into an exclusive class interval.
Inclusive Class Interval Frequency (f)
0-99 2
100-199 4
200-299 5
300-399 6
400-499 3
500-599 5
Total 25
14. Construct the histogram for the following distribution.
Marks Obtained Number of Students
0-10 6
10-20 10
20-30 26
30-40 22
40-60 10
60-90 9
OR
Draw the ‘less-than’ and ‘more-than’ ogive from the data given below
Weekly Wages (in Rs.) Number of Workers
0-20 10
20-40 20
40-60 40
60-80 20
80-100 10
15. “Secondary data is ready for reference, while primary data has to be collected and processed”. Keeping in view the
above statement, differentiate between primary data and secondary data. 
 
 
16. From the data given below, calculate Karl Pearson’s coefficient of correlation between the density of the population and
death rate by step deviation method.
Region Area(in sq km) Population Death
A 200 40000 480
B 150 75000 1200
C 120 72000 1080
D 80 20000 280
         
  
17. Calculate the value of the median, first quartile (Q
1
) and third quartile (Q
3
) from the following data.
Marks Number of Students
30-35 14
35-40 16
40-45 18
45-50 23
50-55 18
55-60 8
60-65 3
OR
Sonia has annual income of Rs 1,00,000 while Mr. Sanju has an annual income of Rs 80, 00,000. The average income of
Sonia and Sanju is Rs 45,00,000 per annum. Do you think average income reflects the correct picture of the life of Sonia
and Sanju?
Section B
18. In case of increase in supply, we move:
a) from upper point to lower point of the supply curve
b) from lower point to upper point of the supply curve
c) to right on another supply curve
d) to left on another supply curve
19. A statement which does not offer any suggestion is known as:
a) normative statement
b) none of these
c) positive statement and normative statement
d) positive statement
20. The concept of supply curve is relevant only for?
a) Monopoly
b) Monopolistic competition
c) Oligopoly
d) Perfect competition
21. Which of the following statements is appropriate in case of monopoly?
a) Slope of both AR and MR curves is upwards
b) Slope of both AR and MR curves is downwards and MR curve is below AR
c) Slope of both AR and MR curves is downwards and MR curve is above AR curve
d) AR curve slopes upward while MR curve slopes downward
22. AC and A VC curves never meet each other because
a) Their difference is AFC is always greater than AC
b) Their difference is AFC is always greater than zero
c) Their difference is AFC is always negative
d) Their difference is MC is always greater than zero
23. Assertion (A): A person tends to buy more or less of a commodity. 
Reason (R): Individual person's likes and dislikes tend to change with time.
a) Both A and R are true and R is the correct explanation of A.
Page 5


         
  
 Economics 
Maximum Marks: 80 
Time Allowed: : 3 hours
General Instructions:
1. This question paper contains two sections: 
Section A – Micro Economics 
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Assertion (A): Statistical techniques are used to analyze economic problems of countries like poverty, price control, etc. 
Reason (R): The policy of family planning can be made effective in controlling the population of the country.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
2. ______ is the ratio of the price of a certain commodity at the current year to its price at the base year.
a) price index
b) none of these
c) price relative
d) relative price
3. The range of simple correlation coefficient is: 
a) Minus one to plus one
b) 0 to infinity
c) 0 to plus one
d) Minus infinity to infinity
4. Construct price index number from the following data by applying(Fisher’s ideal Method
Commodity
Price 
(2000)
Quantity 
(2000)
Price 
(2001)
Quantity 
(2001)
A 2 8 4 5
B 5 12 6 10
C 4 15 5 12
D 2 18 4 20
a) 144.5
b) 147.3
c) 144.7
         
  
d) 147.5
5. If the prices of all commodities in a place have increased 1.25 times in comparison to the base period, the index number
of prices of that place is now 
a) 125
b) 150
c) 350
d) None of these
6. If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average 
a) 450
b) 350
c) 250
d) 150
7. Which limitation of statistics is highlighted in the below example 
In cloth business profit earned in three years is ?1000, ?2000 and ?3000 and in the paper business profit earned is ?3000,
?2000 and ?1000. Both businesses earning the same average profit ?2000 that shows both have the same economic
status. But actually cloth business is making profit and paper business is declining.
a) Statistics of numerical facts only
b) Prone to misuse
c) Study of aggregates only
d) Without reference result may prove to wrong
8. The most accurate mode of data presentation is:
a) Diagrammatic method
b) Textual presentation
c) None of these
d) Tabulation
9. Consumer price index numbers are prepared for
a) Farmers
b) All people
c) Factor employees
d) Well defined section of people
10. Calculate Karl Pearson’s coefficient of correlation on the following data:
X 15 18 21 24 27 30 36 39 42 48
Y 25 25 27 27 31 33 35 41 41 45
a) 0.75
b) 0.45
c) 0.89
d) 0.98
11. Explain four limitations of consumer price index numbers. 
12. Calculate the arithmetic mean of marks of 6 students by assumed mean or short-cut method. Marks obtained (X) : 50, 54,
56, 58, 59, 60.
OR
Calculate the mean farm size of cultivating households in a village from the following data.
Farm Size (in acres) 64 63 62 61 60 59
Number of Cultivating Households 8 18 12 9 7 6
         
  
13. Convert the following inclusive class interval into an exclusive class interval.
Inclusive Class Interval Frequency (f)
0-99 2
100-199 4
200-299 5
300-399 6
400-499 3
500-599 5
Total 25
14. Construct the histogram for the following distribution.
Marks Obtained Number of Students
0-10 6
10-20 10
20-30 26
30-40 22
40-60 10
60-90 9
OR
Draw the ‘less-than’ and ‘more-than’ ogive from the data given below
Weekly Wages (in Rs.) Number of Workers
0-20 10
20-40 20
40-60 40
60-80 20
80-100 10
15. “Secondary data is ready for reference, while primary data has to be collected and processed”. Keeping in view the
above statement, differentiate between primary data and secondary data. 
 
 
16. From the data given below, calculate Karl Pearson’s coefficient of correlation between the density of the population and
death rate by step deviation method.
Region Area(in sq km) Population Death
A 200 40000 480
B 150 75000 1200
C 120 72000 1080
D 80 20000 280
         
  
17. Calculate the value of the median, first quartile (Q
1
) and third quartile (Q
3
) from the following data.
Marks Number of Students
30-35 14
35-40 16
40-45 18
45-50 23
50-55 18
55-60 8
60-65 3
OR
Sonia has annual income of Rs 1,00,000 while Mr. Sanju has an annual income of Rs 80, 00,000. The average income of
Sonia and Sanju is Rs 45,00,000 per annum. Do you think average income reflects the correct picture of the life of Sonia
and Sanju?
Section B
18. In case of increase in supply, we move:
a) from upper point to lower point of the supply curve
b) from lower point to upper point of the supply curve
c) to right on another supply curve
d) to left on another supply curve
19. A statement which does not offer any suggestion is known as:
a) normative statement
b) none of these
c) positive statement and normative statement
d) positive statement
20. The concept of supply curve is relevant only for?
a) Monopoly
b) Monopolistic competition
c) Oligopoly
d) Perfect competition
21. Which of the following statements is appropriate in case of monopoly?
a) Slope of both AR and MR curves is upwards
b) Slope of both AR and MR curves is downwards and MR curve is below AR
c) Slope of both AR and MR curves is downwards and MR curve is above AR curve
d) AR curve slopes upward while MR curve slopes downward
22. AC and A VC curves never meet each other because
a) Their difference is AFC is always greater than AC
b) Their difference is AFC is always greater than zero
c) Their difference is AFC is always negative
d) Their difference is MC is always greater than zero
23. Assertion (A): A person tends to buy more or less of a commodity. 
Reason (R): Individual person's likes and dislikes tend to change with time.
a) Both A and R are true and R is the correct explanation of A.
         
  
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
24. A firm under perfect competition is a price taker not a price maker due to
a) Supply of identical goods by all sellers
b) Supply of differentiated goods by all sellers
c) Supply of rare goods by all sellers
d) Greater belief in the market forces
25. The Total revenue become negative when
a) TR is constant and maximum
b) TR stops rising at increasing rate
c) Never
d) TR starts rising
26. Average variable costs can be defined as:
a) TVC - Q     b) TVC + Q
c) TVC ÷ Q    d) TVC × Q
27. A competitive firm in the short run incurs losses. The firm continues production, if?
a) P < A VC       b) P=A VC
c) P > =A VC     d) P > A VC
28. Give any three differences between Micro Economics and Macro Economics.
OR
Distingush between positive economics and normative economics.
29. What is meant by a product being perfectly homogeneous? What is its implication for the price charged by producers in
the market? 
 
  
30. How does change in price of a complementary good affect the demand of the given good? Explain with the help of an
example.
31. 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 good.
Quantity Sold TR TC Profit
0 0 5 
1 5 7 
2 10 10 
3 15 12 
4 20 15 
5 25 23 
6 30 33 
7 35 40 
OR