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CBSE Class XI Economics 2016 (Set - 2) | Additional Study Material for Commerce PDF Download

CBSE Class XI Economics


Time allowed: 3 hours Maximum Marks: 90
General Instructions:
(a) All questions are compulsory.
(b) Question no. 1 to 3 and 13 to 14 are very short answer type questions carrying 1 mark
each.
(c) Question no. 4 to 8 and 15 to 18 are short answer type questions carrying 3 marks each.
(d) Question no. 9 and 19 to 20 are also short answer type questions carrying 4 marks each.
(e) Question no. 10 to 12 and 21 to 23 are long answer type questions carrying 6 marks each.
(f) Question no. 24 to 25 are Open Text Based Assessment questions carrying 5 marks each.


Section – A
Q1. Which value of quartile is known as P25?
(a) P10
(b) Q1
(c) Q3
(d) None of these

Q2. By which extreme value, the dispersion measure is least affected?
(a) SD
(b) range
(c) QD
(d) MD

Q3. _____ is a graphical method of studying correlation.
(a) Histogram
(b) Bar diagram
(c) Scatter diagram
(d) Circle diagram

Q4. Do you agree that classified data is better than raw data?

Q5. 'Statistics are straw out of which any other economist have to make bricks'. Discuss.

Q6. Represent the following data with the help of multiple bar diagrams:

Year

2003

2004

2005

2006

Export (Rs in crore)

73

80

85

80

Imports (Rs in crore)

70

72

75

85


Q7. The arithmetic mean is described as the centre of gravity of the distribution of values of the variable. Explain.

Q8. Calculate the number of shops corresponding to class interval 30^0 of the following distribution:

Profit per shop

Number of shops

0-10

12

10-20

18

20-30

27

30-40

?

40-50

17

50-60

6

The mean profit per shop is 28.
Q9. For a set of 100 observations, the sum of deviations from 4 cm is -11 cm and the sum of the squares of these deviations is 257 sq cm. Find out the coefficient of variation.

Q10. What is a frequency distribution? What are the main points underlying the construction of a frequency distribution?

Q11. Prepare price index number from the following data by
(i) Simple aggregative method,
(ii) simple average price method

Article

Unit

Price(2008)

Price(2012)

Wheat

Per 20 kg

30

45

Rice

Per 20 kg

70

87.5

Pulses

Per 20 kg

45

45

Ghee

Per kg

6

12

Sugar

Per kg

3

5


Q12. The following table gives absolute values (nearest to thousand crores of rupee) of exports and imports of India at current prices:

Year

exports

Imports

2008-09

119

139

2009-10

130

154

2010-11

142

176

2011-12

119

149

Calculate the correlation between exports and imports.

Section B

Q13. Which among the following is the cause of agricultural stagnation during the British
colonial rule?
(a) Systems of land settlement
(b) Limited public sector
(c) Mass Illiteracy
(d) All of these

Q14. Which type of poverty is found in developed countries?
(a) Absolute
(b) Relative
(c) Both (a) and (b)
(d) None of these

Q15. When was the Suez Canal opened? How did it affect the Indian economy?

Q16. How is the government expenditure on education expressed? Which in your opinion is a better measure?

Q17. ‘Though India has witnessed slow growth of employment, yet people get employed. State the reasons behind this concept.

Q18. How is China able to lead in all the Human Development Indicators?

Q19. Is it possible to develop information technology as an alternate livelihood option? Given reasons.

Q20. Do you agree with statement, that India has failed to grow as fast as China, because it has failed to check the growth rate of its population? Write your views in brief.

Q21. Do you think outsourcing is good for India? Why are developed countries opposing it?

Q22. Critically examine new economic policy in the context of social justice and welfare.

Q23. Describe the main sources of energy in India. Also describe the changes in the consumption pattern of energy in our country.

Q24. OTBA

Q25. OTBA

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FAQs on CBSE Class XI Economics 2016 (Set - 2) - Additional Study Material for Commerce

1. What are the main objectives of fiscal policy?
Ans. The main objectives of fiscal policy are to promote economic growth, stabilize prices, maintain full employment, and achieve equitable distribution of income and wealth. Fiscal policy is a tool used by the government to influence the overall health of the economy.
2. What are the different components of government budget?
Ans. The different components of government budget are revenue receipts, capital receipts, revenue expenditure, and capital expenditure. Revenue receipts include tax revenue, non-tax revenue, and grants-in-aid. Capital receipts include loans raised by the government and disinvestment proceeds. Revenue expenditure includes regular expenses like salaries, subsidies, and interest payments, while capital expenditure includes investment in infrastructure and other long-term assets.
3. How does the government finance its budget deficit?
Ans. The government can finance its budget deficit through borrowing from the market, both domestic and foreign. It can also borrow from the central bank through the issuance of treasury bills and bonds. Another way is by disinvesting its assets or using surplus funds from public sector enterprises. In extreme cases, the government may resort to printing more money, but this can lead to inflation.
4. What is the impact of fiscal deficit on the economy?
Ans. A fiscal deficit occurs when the government's total expenditures exceed its total revenues. It can have both positive and negative impacts on the economy. On the positive side, a fiscal deficit can stimulate economic growth by increasing government spending and boosting demand. However, it can also lead to inflation, crowding out private investment, and increasing the burden of public debt, which can have adverse effects on the economy in the long run.
5. How does fiscal policy help in reducing income inequalities?
Ans. Fiscal policy can help reduce income inequalities through progressive taxation and targeted expenditure programs. Progressive taxation means that individuals with higher incomes are taxed at higher rates, while those with lower incomes are taxed at lower rates. The revenue generated from progressive taxation can be used to fund social welfare programs, subsidies, and other initiatives aimed at uplifting the disadvantaged sections of society. By redistributing income and wealth, fiscal policy can help bridge the income gap and promote a more equitable society.
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