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Page 1
Subject – Economics
Time: 3 Hrs Maximum Marks: 100
General Instruction:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are
required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them
should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to
them should not normally exceed 70 words each.
6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them
should not normally exceed 100 words each.
7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
STATISTICS FOR ECONOMICS
1. What is a random sample? 1
2. What is a Lorenz curve? 1
3. Define statistical series. 1
4. What is an index number? 1
5. What is a first step of a project? 1
6. “Statistics is both science as well as an art” Discuss The statement? 3
7. Define mode. How is it compute? 3
8. Write down the various measures of dispersion. 3
9. Compute the cost living index number using, aggregate expenditure method of the
Following information (3)
Commodities Q0 P0 P1
Whet 20 10 12
Rise 5 30 35
Ghee 2 20 30
sugar 4 25 40
OR
Write note on:
a) SENSEX
b) NIFTY
10. Calculate median from the following data set. 3
Mark in Hindi 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
Class – XI
Page 2
Subject – Economics
Time: 3 Hrs Maximum Marks: 100
General Instruction:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are
required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them
should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to
them should not normally exceed 70 words each.
6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them
should not normally exceed 100 words each.
7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
STATISTICS FOR ECONOMICS
1. What is a random sample? 1
2. What is a Lorenz curve? 1
3. Define statistical series. 1
4. What is an index number? 1
5. What is a first step of a project? 1
6. “Statistics is both science as well as an art” Discuss The statement? 3
7. Define mode. How is it compute? 3
8. Write down the various measures of dispersion. 3
9. Compute the cost living index number using, aggregate expenditure method of the
Following information (3)
Commodities Q0 P0 P1
Whet 20 10 12
Rise 5 30 35
Ghee 2 20 30
sugar 4 25 40
OR
Write note on:
a) SENSEX
b) NIFTY
10. Calculate median from the following data set. 3
Mark in Hindi 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
Class – XI
11. What are the qualities of a good questionnaire? 4
12. Describe structure of project report. 4
13. Calculate mean and standard deviation from the following series. 4
Mark in Hindi 20-30 30-40 40-50 50-60 60-70 70-80
No. of
students
5 15 0 22 11 7
OR
Discuss the kinds and degrees of correlation?
14. Draw a histogram for the following data and also draw the frequency curve on it. 6
Monthly income No. of families
0-75 15
75-150 90
150-225 140
225-300 70
300-375 35
15. A student subject 40 mark in English,65 in Hindi,53 in maths,49 in economics and 55 in
statistics. Calculate weighted mean of the marks if weights are respectively 2, 1, 5, 5, and 3.
Or
Mention merits and demerits of Mean. And list out any three examples of ‘scope of averages in
your class room’. 6
16. Following are the marks obtained by 10 students in two subjects, statistics and economics,
calculate Spearman's rank correlation. 6
Mark in statistics 20 25 30 45 31 48 21 10 26 34
Mark in
Economics
5 19 20 42 21 47 20 10 12 33
INDIAN ECONOMIC DEVELOPMENT
17. What are the three pillars of economic reforms? 1
18. What do you mean by privatization? 1
19. What is 'poverty line’? 1
20. What do you mean by under employment? 1
21. What is the present growth rate of Indian economy? 1
22. Discuss the important features of India’s demography during the British period? 3
23. Discuss the green revolution and its consequences. 3
24. What are the causes of poverty in India? 3
25. Discuss the importance of non- farming employment?
OR
Identify some major challenges of power sector in India? 3
26. How do you explain seasonal unemployment in agricultural? 3
Page 3
Subject – Economics
Time: 3 Hrs Maximum Marks: 100
General Instruction:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are
required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them
should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to
them should not normally exceed 70 words each.
6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them
should not normally exceed 100 words each.
7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
STATISTICS FOR ECONOMICS
1. What is a random sample? 1
2. What is a Lorenz curve? 1
3. Define statistical series. 1
4. What is an index number? 1
5. What is a first step of a project? 1
6. “Statistics is both science as well as an art” Discuss The statement? 3
7. Define mode. How is it compute? 3
8. Write down the various measures of dispersion. 3
9. Compute the cost living index number using, aggregate expenditure method of the
Following information (3)
Commodities Q0 P0 P1
Whet 20 10 12
Rise 5 30 35
Ghee 2 20 30
sugar 4 25 40
OR
Write note on:
a) SENSEX
b) NIFTY
10. Calculate median from the following data set. 3
Mark in Hindi 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
Class – XI
11. What are the qualities of a good questionnaire? 4
12. Describe structure of project report. 4
13. Calculate mean and standard deviation from the following series. 4
Mark in Hindi 20-30 30-40 40-50 50-60 60-70 70-80
No. of
students
5 15 0 22 11 7
OR
Discuss the kinds and degrees of correlation?
14. Draw a histogram for the following data and also draw the frequency curve on it. 6
Monthly income No. of families
0-75 15
75-150 90
150-225 140
225-300 70
300-375 35
15. A student subject 40 mark in English,65 in Hindi,53 in maths,49 in economics and 55 in
statistics. Calculate weighted mean of the marks if weights are respectively 2, 1, 5, 5, and 3.
Or
Mention merits and demerits of Mean. And list out any three examples of ‘scope of averages in
your class room’. 6
16. Following are the marks obtained by 10 students in two subjects, statistics and economics,
calculate Spearman's rank correlation. 6
Mark in statistics 20 25 30 45 31 48 21 10 26 34
Mark in
Economics
5 19 20 42 21 47 20 10 12 33
INDIAN ECONOMIC DEVELOPMENT
17. What are the three pillars of economic reforms? 1
18. What do you mean by privatization? 1
19. What is 'poverty line’? 1
20. What do you mean by under employment? 1
21. What is the present growth rate of Indian economy? 1
22. Discuss the important features of India’s demography during the British period? 3
23. Discuss the green revolution and its consequences. 3
24. What are the causes of poverty in India? 3
25. Discuss the importance of non- farming employment?
OR
Identify some major challenges of power sector in India? 3
26. How do you explain seasonal unemployment in agricultural? 3
27. What are the common goals of Indian five year plans? 4
28. Which are the important sources of human capital formation?
OR
What are the similarities and dissimilarities between physical capital and human capital?
4
29. Distinguish between renewable resources and non renewable resources. Give examples.
Distinguish between commercial energy and non commercial energy. Give examples for
both. 2+2=4
30. “Earth provides everything for every man’s but not for every man’s greed” interpret this
famous statement of Gandhiji. 6
31. “Twenty first century will be the Asian century”-Manmohan Singh.
Comment your opinion about these words.
OR
Compare the demographic features of India, China, and Pakistan 6
32. Discuss the gains and pains of globalization. 6
Page 4
Subject – Economics
Time: 3 Hrs Maximum Marks: 100
General Instruction:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are
required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them
should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to
them should not normally exceed 70 words each.
6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them
should not normally exceed 100 words each.
7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
STATISTICS FOR ECONOMICS
1. What is a random sample? 1
2. What is a Lorenz curve? 1
3. Define statistical series. 1
4. What is an index number? 1
5. What is a first step of a project? 1
6. “Statistics is both science as well as an art” Discuss The statement? 3
7. Define mode. How is it compute? 3
8. Write down the various measures of dispersion. 3
9. Compute the cost living index number using, aggregate expenditure method of the
Following information (3)
Commodities Q0 P0 P1
Whet 20 10 12
Rise 5 30 35
Ghee 2 20 30
sugar 4 25 40
OR
Write note on:
a) SENSEX
b) NIFTY
10. Calculate median from the following data set. 3
Mark in Hindi 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
Class – XI
11. What are the qualities of a good questionnaire? 4
12. Describe structure of project report. 4
13. Calculate mean and standard deviation from the following series. 4
Mark in Hindi 20-30 30-40 40-50 50-60 60-70 70-80
No. of
students
5 15 0 22 11 7
OR
Discuss the kinds and degrees of correlation?
14. Draw a histogram for the following data and also draw the frequency curve on it. 6
Monthly income No. of families
0-75 15
75-150 90
150-225 140
225-300 70
300-375 35
15. A student subject 40 mark in English,65 in Hindi,53 in maths,49 in economics and 55 in
statistics. Calculate weighted mean of the marks if weights are respectively 2, 1, 5, 5, and 3.
Or
Mention merits and demerits of Mean. And list out any three examples of ‘scope of averages in
your class room’. 6
16. Following are the marks obtained by 10 students in two subjects, statistics and economics,
calculate Spearman's rank correlation. 6
Mark in statistics 20 25 30 45 31 48 21 10 26 34
Mark in
Economics
5 19 20 42 21 47 20 10 12 33
INDIAN ECONOMIC DEVELOPMENT
17. What are the three pillars of economic reforms? 1
18. What do you mean by privatization? 1
19. What is 'poverty line’? 1
20. What do you mean by under employment? 1
21. What is the present growth rate of Indian economy? 1
22. Discuss the important features of India’s demography during the British period? 3
23. Discuss the green revolution and its consequences. 3
24. What are the causes of poverty in India? 3
25. Discuss the importance of non- farming employment?
OR
Identify some major challenges of power sector in India? 3
26. How do you explain seasonal unemployment in agricultural? 3
27. What are the common goals of Indian five year plans? 4
28. Which are the important sources of human capital formation?
OR
What are the similarities and dissimilarities between physical capital and human capital?
4
29. Distinguish between renewable resources and non renewable resources. Give examples.
Distinguish between commercial energy and non commercial energy. Give examples for
both. 2+2=4
30. “Earth provides everything for every man’s but not for every man’s greed” interpret this
famous statement of Gandhiji. 6
31. “Twenty first century will be the Asian century”-Manmohan Singh.
Comment your opinion about these words.
OR
Compare the demographic features of India, China, and Pakistan 6
32. Discuss the gains and pains of globalization. 6
MARKING SCHEME
FINAL EXAMINATION (S2)2010-11
STATISTICS FOR ECONOMICS
1. Its each and every unit of population has an equal chance of being selected. 1
2. Lorenz curve is a graphic method of measuring dispersions from the average. 1
3. Defined as things or attributes of things arranged according to some logical order. 1
4. Index number is a specialized averages designed to measure the changes in group of related
variables over period of time. 1
5. Identification of problem. 1
6. Statistics is the numerical statement of facts---- science
Statistics evaluating social problems---- arts 1½ +1½ = 3
7. The mode is that value in a series of observations which occurs with the greatest frequency. 1
Compute mode
• Individual series-which occurs maximum number items (repeated)
• Discrete series- value of greatest frequency
• Continues series –using the formula
• Or explain with example give the mark 2 (1+2=3)
8. Measures of dispersion.
Range
Quartile deviation
Mean deviation
Standard deviation
Lorenz curve
Any three 1x3=3
9.
Commodities Q0 P0 P1 p0qo p1q0
Whet 20 10 12 200 240
Rise 5 30 35 150 175
Ghee 2 20 30 40 60
sugar 4 25 40 100 160
490 635
Aggregate expenditure method = ?
x 100
?
= 635 x100
490
= 63500
490
=129.59
Inflation 29.59%
1+1+1 = 3
Or
Page 5
Subject – Economics
Time: 3 Hrs Maximum Marks: 100
General Instruction:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are
required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them
should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to
them should not normally exceed 70 words each.
6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them
should not normally exceed 100 words each.
7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
STATISTICS FOR ECONOMICS
1. What is a random sample? 1
2. What is a Lorenz curve? 1
3. Define statistical series. 1
4. What is an index number? 1
5. What is a first step of a project? 1
6. “Statistics is both science as well as an art” Discuss The statement? 3
7. Define mode. How is it compute? 3
8. Write down the various measures of dispersion. 3
9. Compute the cost living index number using, aggregate expenditure method of the
Following information (3)
Commodities Q0 P0 P1
Whet 20 10 12
Rise 5 30 35
Ghee 2 20 30
sugar 4 25 40
OR
Write note on:
a) SENSEX
b) NIFTY
10. Calculate median from the following data set. 3
Mark in Hindi 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
Class – XI
11. What are the qualities of a good questionnaire? 4
12. Describe structure of project report. 4
13. Calculate mean and standard deviation from the following series. 4
Mark in Hindi 20-30 30-40 40-50 50-60 60-70 70-80
No. of
students
5 15 0 22 11 7
OR
Discuss the kinds and degrees of correlation?
14. Draw a histogram for the following data and also draw the frequency curve on it. 6
Monthly income No. of families
0-75 15
75-150 90
150-225 140
225-300 70
300-375 35
15. A student subject 40 mark in English,65 in Hindi,53 in maths,49 in economics and 55 in
statistics. Calculate weighted mean of the marks if weights are respectively 2, 1, 5, 5, and 3.
Or
Mention merits and demerits of Mean. And list out any three examples of ‘scope of averages in
your class room’. 6
16. Following are the marks obtained by 10 students in two subjects, statistics and economics,
calculate Spearman's rank correlation. 6
Mark in statistics 20 25 30 45 31 48 21 10 26 34
Mark in
Economics
5 19 20 42 21 47 20 10 12 33
INDIAN ECONOMIC DEVELOPMENT
17. What are the three pillars of economic reforms? 1
18. What do you mean by privatization? 1
19. What is 'poverty line’? 1
20. What do you mean by under employment? 1
21. What is the present growth rate of Indian economy? 1
22. Discuss the important features of India’s demography during the British period? 3
23. Discuss the green revolution and its consequences. 3
24. What are the causes of poverty in India? 3
25. Discuss the importance of non- farming employment?
OR
Identify some major challenges of power sector in India? 3
26. How do you explain seasonal unemployment in agricultural? 3
27. What are the common goals of Indian five year plans? 4
28. Which are the important sources of human capital formation?
OR
What are the similarities and dissimilarities between physical capital and human capital?
4
29. Distinguish between renewable resources and non renewable resources. Give examples.
Distinguish between commercial energy and non commercial energy. Give examples for
both. 2+2=4
30. “Earth provides everything for every man’s but not for every man’s greed” interpret this
famous statement of Gandhiji. 6
31. “Twenty first century will be the Asian century”-Manmohan Singh.
Comment your opinion about these words.
OR
Compare the demographic features of India, China, and Pakistan 6
32. Discuss the gains and pains of globalization. 6
MARKING SCHEME
FINAL EXAMINATION (S2)2010-11
STATISTICS FOR ECONOMICS
1. Its each and every unit of population has an equal chance of being selected. 1
2. Lorenz curve is a graphic method of measuring dispersions from the average. 1
3. Defined as things or attributes of things arranged according to some logical order. 1
4. Index number is a specialized averages designed to measure the changes in group of related
variables over period of time. 1
5. Identification of problem. 1
6. Statistics is the numerical statement of facts---- science
Statistics evaluating social problems---- arts 1½ +1½ = 3
7. The mode is that value in a series of observations which occurs with the greatest frequency. 1
Compute mode
• Individual series-which occurs maximum number items (repeated)
• Discrete series- value of greatest frequency
• Continues series –using the formula
• Or explain with example give the mark 2 (1+2=3)
8. Measures of dispersion.
Range
Quartile deviation
Mean deviation
Standard deviation
Lorenz curve
Any three 1x3=3
9.
Commodities Q0 P0 P1 p0qo p1q0
Whet 20 10 12 200 240
Rise 5 30 35 150 175
Ghee 2 20 30 40 60
sugar 4 25 40 100 160
490 635
Aggregate expenditure method = ?
x 100
?
= 635 x100
490
= 63500
490
=129.59
Inflation 29.59%
1+1+1 = 3
Or
SENSEX
Index of Bombay stock exchange
Total 30 shares
Present index above 20000
NIFTY
Index of national stock exchange
Total 50 shares
Present index above 5000 1½ +1½ = 3
10.
Mark in Hindi No. of students cf
0-10 5 5
10-20 15 20
20-30 18 38
30-40 12 50
40-50 20 70
50-60 15 85
60-70 7 92
70-80 3 95
95
M = L1 + N/2 – cf x c
f
M = 30 + 47.5 – 38 X 10
12
M= 30 + 95/12
M = 30 + 7.91
Median = 37.91
1+1+1 = 3
11.
Proper order of questions.
Proper question number
Avoid unnecessary questions.
Simple and short questions.
Any relevant answers. 1x4=4
12.
Introduction
Statement of the problem
Objectives
Methodology
Analysis of data
Limitation of the study
Conclusions. 4
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FAQs on Class 11 Economics Previous Year Paper - 11 - Economics Class 11 - Commerce
| 1. What are the factors affecting demand in economics? |  |
Ans. Factors affecting demand in economics include the price of the good or service, consumer income, consumer preferences, price of related goods, and future expectations.
| 2. How does the law of demand impact the market? | |
Ans. The law of demand states that as the price of a good or service decreases, the quantity demanded increases, and vice versa. This impacts the market by influencing the price and quantity of goods exchanged.
| 3. What is the difference between a change in quantity demanded and a change in demand? | |
Ans. A change in quantity demanded is a movement along the demand curve due to a change in price, while a change in demand is a shift in the entire demand curve due to factors other than price.
| 4. How does elasticity of demand affect pricing strategies? | |
Ans. Elasticity of demand measures how responsive quantity demanded is to a change in price. Firms use elasticity to determine pricing strategies, such as setting higher prices for inelastic goods and lower prices for elastic goods.
| 5. What role does consumer surplus play in analyzing demand? | |
Ans. Consumer surplus represents the difference between what consumers are willing to pay for a good or service and what they actually pay. It is used to analyze the welfare gain for consumers from a particular market transaction.
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