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Page 1 Time Allowed : 3 hours Maximum Marks: 80 SECTION–A 1. Which of the Following is not a economic activity. 1 (a) Blood donation for a noble cause (b) household work done by mother (c) care of children by father (d) service provided by doctor in hospitalJ 2. Define primary data. 1 3. Write the name of two sources for Collection of data.? 1 4. Give one suitability of mailing method.? 1 5. What do you mean by sample.? 1 6. Define variable.? 7. Choose the Appropriate word and fill in the blank. 1 Tabulation is the process of presenting . .......... in the form of a table. (cost/data) 8. Which average is affected most by the presence of extreme values? 1 (a) median (b) geometric mean (c) arithmetic mean (d) mode 9. Define Arithmetic mean. 1 10 Marks of eight students in economics is given below 1 65 , 71 , 70 , 90 , 83 , 64 , 67 , 85 Find the median marks 11. Make a bar diagram of the following data on India’s population. 3 Year 1961 1971 1981 1991 2001 population (crore) 43.9 55 68 85 103 Page 2 Time Allowed : 3 hours Maximum Marks: 80 SECTION–A 1. Which of the Following is not a economic activity. 1 (a) Blood donation for a noble cause (b) household work done by mother (c) care of children by father (d) service provided by doctor in hospitalJ 2. Define primary data. 1 3. Write the name of two sources for Collection of data.? 1 4. Give one suitability of mailing method.? 1 5. What do you mean by sample.? 1 6. Define variable.? 7. Choose the Appropriate word and fill in the blank. 1 Tabulation is the process of presenting . .......... in the form of a table. (cost/data) 8. Which average is affected most by the presence of extreme values? 1 (a) median (b) geometric mean (c) arithmetic mean (d) mode 9. Define Arithmetic mean. 1 10 Marks of eight students in economics is given below 1 65 , 71 , 70 , 90 , 83 , 64 , 67 , 85 Find the median marks 11. Make a bar diagram of the following data on India’s population. 3 Year 1961 1971 1981 1991 2001 population (crore) 43.9 55 68 85 103 OR The following table shows the interest of students of a school in different games- Games kabaddi cricket volleyball kho kho Number of students 200 35 0 100 150 Represent the data by using pai diagram. 12. Represent the following data graphically- 3 Year 2010 2011 2012 2013 2014 2015 2016 Production of wheat 6 9 12 18 16 19 22 (In million tonnes) Production of rice 3 5 10 14 15 17 19 (In million tonnes) 13. Wage rate of 20 workers is given below- 4 wages (`) 10 20 30 40 50 number of workers 3 5 7 3 2 Calculate Arithmetic mean using step deviation method 14. Calculate median of the following data- 4 marks 46-50 41-45 36-40 31-35 number of students 5 11 15 6 or Calculate mode from the following data- Class interval 0 - 10 10 -20 20-30 30-40 40-50 Frequency 3 6 8 6 3 15. Calculate standard deviation of the following series. 4 Marks 0- 10 10-20 20-30 30-40 number of students 5 10 20 15 Page 3 Time Allowed : 3 hours Maximum Marks: 80 SECTION–A 1. Which of the Following is not a economic activity. 1 (a) Blood donation for a noble cause (b) household work done by mother (c) care of children by father (d) service provided by doctor in hospitalJ 2. Define primary data. 1 3. Write the name of two sources for Collection of data.? 1 4. Give one suitability of mailing method.? 1 5. What do you mean by sample.? 1 6. Define variable.? 7. Choose the Appropriate word and fill in the blank. 1 Tabulation is the process of presenting . .......... in the form of a table. (cost/data) 8. Which average is affected most by the presence of extreme values? 1 (a) median (b) geometric mean (c) arithmetic mean (d) mode 9. Define Arithmetic mean. 1 10 Marks of eight students in economics is given below 1 65 , 71 , 70 , 90 , 83 , 64 , 67 , 85 Find the median marks 11. Make a bar diagram of the following data on India’s population. 3 Year 1961 1971 1981 1991 2001 population (crore) 43.9 55 68 85 103 OR The following table shows the interest of students of a school in different games- Games kabaddi cricket volleyball kho kho Number of students 200 35 0 100 150 Represent the data by using pai diagram. 12. Represent the following data graphically- 3 Year 2010 2011 2012 2013 2014 2015 2016 Production of wheat 6 9 12 18 16 19 22 (In million tonnes) Production of rice 3 5 10 14 15 17 19 (In million tonnes) 13. Wage rate of 20 workers is given below- 4 wages (`) 10 20 30 40 50 number of workers 3 5 7 3 2 Calculate Arithmetic mean using step deviation method 14. Calculate median of the following data- 4 marks 46-50 41-45 36-40 31-35 number of students 5 11 15 6 or Calculate mode from the following data- Class interval 0 - 10 10 -20 20-30 30-40 40-50 Frequency 3 6 8 6 3 15. Calculate standard deviation of the following series. 4 Marks 0- 10 10-20 20-30 30-40 number of students 5 10 20 15 16 Find the karl Pearson’s coefficient of correlation from the following data- X 18 16 14 19 Y 25 24 22 28 17. Calculate index number of prices for the year 2018 from the following data by fisher’s method. 1 2004 (Base Year) 2018 (Current Year) I t e m s Price Quantity Price Quantity A 10 15 20 25 B 40 5 45 10 C 30 10 40 15 D 10 20 15 20 PART B (MICROECONOMICS) 18. Economic problem arises due to the fact that- 1 (a) human wants are unlimited (b) resources have alternative uses (c) resources are limited in nature (d) all of the above OR Slop of production possibility curve is- (a) convex to the point of origin (b) concave to the point of origin (c) a straight line (d) a vertical line 19. State whether the following statement is true or false “In case of infe- rior goods income effect is negative.” (true/ false) 1 Page 4 Time Allowed : 3 hours Maximum Marks: 80 SECTION–A 1. Which of the Following is not a economic activity. 1 (a) Blood donation for a noble cause (b) household work done by mother (c) care of children by father (d) service provided by doctor in hospitalJ 2. Define primary data. 1 3. Write the name of two sources for Collection of data.? 1 4. Give one suitability of mailing method.? 1 5. What do you mean by sample.? 1 6. Define variable.? 7. Choose the Appropriate word and fill in the blank. 1 Tabulation is the process of presenting . .......... in the form of a table. (cost/data) 8. Which average is affected most by the presence of extreme values? 1 (a) median (b) geometric mean (c) arithmetic mean (d) mode 9. Define Arithmetic mean. 1 10 Marks of eight students in economics is given below 1 65 , 71 , 70 , 90 , 83 , 64 , 67 , 85 Find the median marks 11. Make a bar diagram of the following data on India’s population. 3 Year 1961 1971 1981 1991 2001 population (crore) 43.9 55 68 85 103 OR The following table shows the interest of students of a school in different games- Games kabaddi cricket volleyball kho kho Number of students 200 35 0 100 150 Represent the data by using pai diagram. 12. Represent the following data graphically- 3 Year 2010 2011 2012 2013 2014 2015 2016 Production of wheat 6 9 12 18 16 19 22 (In million tonnes) Production of rice 3 5 10 14 15 17 19 (In million tonnes) 13. Wage rate of 20 workers is given below- 4 wages (`) 10 20 30 40 50 number of workers 3 5 7 3 2 Calculate Arithmetic mean using step deviation method 14. Calculate median of the following data- 4 marks 46-50 41-45 36-40 31-35 number of students 5 11 15 6 or Calculate mode from the following data- Class interval 0 - 10 10 -20 20-30 30-40 40-50 Frequency 3 6 8 6 3 15. Calculate standard deviation of the following series. 4 Marks 0- 10 10-20 20-30 30-40 number of students 5 10 20 15 16 Find the karl Pearson’s coefficient of correlation from the following data- X 18 16 14 19 Y 25 24 22 28 17. Calculate index number of prices for the year 2018 from the following data by fisher’s method. 1 2004 (Base Year) 2018 (Current Year) I t e m s Price Quantity Price Quantity A 10 15 20 25 B 40 5 45 10 C 30 10 40 15 D 10 20 15 20 PART B (MICROECONOMICS) 18. Economic problem arises due to the fact that- 1 (a) human wants are unlimited (b) resources have alternative uses (c) resources are limited in nature (d) all of the above OR Slop of production possibility curve is- (a) convex to the point of origin (b) concave to the point of origin (c) a straight line (d) a vertical line 19. State whether the following statement is true or false “In case of infe- rior goods income effect is negative.” (true/ false) 1 20. Choose the appropriate word and fill in the blank 1 Law of demand explains ........ (positive/negative) relationship be tween own price of commodity and it’s . ........ (supply/ demand). 21. Define normal goods. 1 22. What is marginal cost? 1 23. State law of supply? 24. What do you mean by extension of supply? 1 25. What is price ceiling? 1 26. During 2018-2019 we saw significant increases in the manufacturing of cars in india. Duringf the same time period we also observed significant rises in the demand for cars. We know that during that time period both price and the level of car traded increased. Based on that information what most likely happened in the market? (a) The rise in supply was more than the rise in demand. (b) The rise in demand was more than the rise in supply. (c) The rise in demand was perfectly matched by rise in the supply. (d) None of the above 27. In which form of market there is product differentiation? 1 28. Explain the central problem “how to produce”. 3 29. Explain the implication of “free entry and exit of firms” under perfect competition market. 3 OR Distinguish between monopoly and monopolistic competition market. 30. Suppose the price elasticity of demand for a good is –0.2. There is a 5% increase in the price of the good, by what percentage will the demand for the good go down? 4 31. When price is not constant, explain diagrammatically that total revenue is maximum. When marginal revenue is zero. 4 Page 5 Time Allowed : 3 hours Maximum Marks: 80 SECTION–A 1. Which of the Following is not a economic activity. 1 (a) Blood donation for a noble cause (b) household work done by mother (c) care of children by father (d) service provided by doctor in hospitalJ 2. Define primary data. 1 3. Write the name of two sources for Collection of data.? 1 4. Give one suitability of mailing method.? 1 5. What do you mean by sample.? 1 6. Define variable.? 7. Choose the Appropriate word and fill in the blank. 1 Tabulation is the process of presenting . .......... in the form of a table. (cost/data) 8. Which average is affected most by the presence of extreme values? 1 (a) median (b) geometric mean (c) arithmetic mean (d) mode 9. Define Arithmetic mean. 1 10 Marks of eight students in economics is given below 1 65 , 71 , 70 , 90 , 83 , 64 , 67 , 85 Find the median marks 11. Make a bar diagram of the following data on India’s population. 3 Year 1961 1971 1981 1991 2001 population (crore) 43.9 55 68 85 103 OR The following table shows the interest of students of a school in different games- Games kabaddi cricket volleyball kho kho Number of students 200 35 0 100 150 Represent the data by using pai diagram. 12. Represent the following data graphically- 3 Year 2010 2011 2012 2013 2014 2015 2016 Production of wheat 6 9 12 18 16 19 22 (In million tonnes) Production of rice 3 5 10 14 15 17 19 (In million tonnes) 13. Wage rate of 20 workers is given below- 4 wages (`) 10 20 30 40 50 number of workers 3 5 7 3 2 Calculate Arithmetic mean using step deviation method 14. Calculate median of the following data- 4 marks 46-50 41-45 36-40 31-35 number of students 5 11 15 6 or Calculate mode from the following data- Class interval 0 - 10 10 -20 20-30 30-40 40-50 Frequency 3 6 8 6 3 15. Calculate standard deviation of the following series. 4 Marks 0- 10 10-20 20-30 30-40 number of students 5 10 20 15 16 Find the karl Pearson’s coefficient of correlation from the following data- X 18 16 14 19 Y 25 24 22 28 17. Calculate index number of prices for the year 2018 from the following data by fisher’s method. 1 2004 (Base Year) 2018 (Current Year) I t e m s Price Quantity Price Quantity A 10 15 20 25 B 40 5 45 10 C 30 10 40 15 D 10 20 15 20 PART B (MICROECONOMICS) 18. Economic problem arises due to the fact that- 1 (a) human wants are unlimited (b) resources have alternative uses (c) resources are limited in nature (d) all of the above OR Slop of production possibility curve is- (a) convex to the point of origin (b) concave to the point of origin (c) a straight line (d) a vertical line 19. State whether the following statement is true or false “In case of infe- rior goods income effect is negative.” (true/ false) 1 20. Choose the appropriate word and fill in the blank 1 Law of demand explains ........ (positive/negative) relationship be tween own price of commodity and it’s . ........ (supply/ demand). 21. Define normal goods. 1 22. What is marginal cost? 1 23. State law of supply? 24. What do you mean by extension of supply? 1 25. What is price ceiling? 1 26. During 2018-2019 we saw significant increases in the manufacturing of cars in india. Duringf the same time period we also observed significant rises in the demand for cars. We know that during that time period both price and the level of car traded increased. Based on that information what most likely happened in the market? (a) The rise in supply was more than the rise in demand. (b) The rise in demand was more than the rise in supply. (c) The rise in demand was perfectly matched by rise in the supply. (d) None of the above 27. In which form of market there is product differentiation? 1 28. Explain the central problem “how to produce”. 3 29. Explain the implication of “free entry and exit of firms” under perfect competition market. 3 OR Distinguish between monopoly and monopolistic competition market. 30. Suppose the price elasticity of demand for a good is –0.2. There is a 5% increase in the price of the good, by what percentage will the demand for the good go down? 4 31. When price is not constant, explain diagrammatically that total revenue is maximum. When marginal revenue is zero. 4 OR Explain the relationship between marginal cost and average cost with the help of diagram. 32. Market for a good is in equilibrium. There is a decrease in demand for this good. Explain the chain of effects for this change in the market with the help of diagram. 4 33. Explain conditions of consumer equilibrium using marginal utility analysis in two commodity case. 6 OR Explain relationship between total utility and marginal utility with the help of diagram. 34. Explain the law of variable proportions in term of the total product and marginal product with the help of diagram. 6Read More
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