DELHI PUBLIC SCHOOL, UDAIPUR

SESSION-2023-24
SAMPLE PAPER
CLASSXI, SUBJECT: ECONOMICS

Time:3 hours MaximumMarks:80

General Instructions :
(1) This question paper contains two parts :
Part A : Statistics for Economics (40 marks)
Part B : Introductory Micro Economics (40 marks)
(2) Marks for questions are indicated against each question.
(3) Q. No. 1 to 10 and and Question No. 18 to 27 (including two Case Based Questions) are 1 mark questions and are to
be answered in one word/sentence.
(4) Case Based Questions (CBQ's) are Question No. 7-10 and Question No. 25-27.
(5) Question No. 11-12 and Question No. 28-29 are 3 marks questions and are to be answered in 60-80 words each.
(6) Question No. 13 to 15 and Question No. 30 to 32 are 4 marks questions and are to be answered in 80-100 words each.
(7) Question No. 16 to 17 and Question No. 33 to 34 are 6 marks questions and are to be answered in 100-150 words each.
(8) Answers should be brief and to the point and the above word limit be adhered to as far as possible.

PART A : STATISTICS FOR ECONOMICS

1. The activities performed out of love, benevolence, patriotism, etc. are not (Economic
activities/Non economic activities). (Fill up the blank with correct alternative). 1
2. The collector of Primary data is called : (Choose the correct alternative)
(a) Investigator (b) Enumerator
(c) Both (a) and (b) (d) Neither (a) nor (b) 1
3. When both lower and upper limits of a class are considered such classes are called
(Inclusive/Exclusive).(Fill up the blank with correct alternative). 1
4. The data is arranged for calculation of median in : (Choose the correct alternative)
(a) Ascending order (b) Descending order
(c) Any one out of (a) and (b) (d) None of the above 1
5. Identify the correct pair of statement from the following column I and Colum II. (Choose the correct alternative)
Column I Column
II
(a) Scatter Diagram (i) Influenced by the size of extreme values.
(b) Good statistical average (ii) Not be rigidly defined.
(c) Perfect negative correlation (iii) (+) 1
(d) Standard deviation (iv) Based on all values
Alternatives :
(a) A – (i) (b) B – (ii) (c) C – (iii) (d) D – (iv)
6. Which of the following is a feature of median? (Choose the correct alternative)
(a) It divides the data into two halves (b) It is not affected by extreme values
(c) Simple to calculate (d) All of the above
7. A person who actually provides the desired information is called _______.
a) Respondents b) population
c) Investigator d) Enumerator
8. One of the drawbacks of the Direct personal investigation method is ______.
a) It is very costly and time taking process b) Lacks reliability
c) Questions might be misinterpreted d) Difficult to get original data
9. Which of the following statement can be called Statistics?
a) Technology of Japan is very advanced. b) In our school there are 5000 students.
c) India has per capita income of Rs. 20,000 p.a. d) USA is the richest country in the world.
10. Data originally collected in the process of investigation are known as ________ (Primary data/ Secondary data).

11. Explain the Geographical method of classification of Data. 3

OR
Explain any three merits of a statistical table.
12. Construct a histogram with polygon by given data : 3

Marks Students
0-10 5
10-20 10
20-30 15
30-40 20
40-50 10
50-60 5
13. Present the following data by a percentage subdivided bar diagram : 4

Number of Student (in '000)

Subject
2011-12 2012-13
Statistics 25 30
Economics 40 42
History 35 28

14. What do you mean by circular diagram? Present the data on the expenditure of a labor family in the form of a
circular diagram:
Items of Expenditure Food Clothing Housing Fuel and Light Others
% of Income Spent 65 15 12 5 3

15. Calculate the correlation coefficient between the heights of fathers in inches (X) and their sons (Y). 6
X 65 66 71 67 68 69 70 72
Y 57 56 55 58 60 62 59 61

16. Find out Q1 Q3 P95 D4 of the marks obtained by 10 students in statistics. 6

17. S. No.
Calculate 1
mean median 2 mode3from the4 following
and 5 frequency
6 7
distribution. 86 9
Marks 43 48 65 57 31 60 37 48 78
 Class Frequency
Interval
0-20 4
20-40 10
40-60 26
60-80 8
80-100 2

PART B: INTRODUCTORY MICROECONOMICS

18. Which of the following can be referred to ‘point of satiety’? (Choose the correct alternative)
(a) Marginal Utility is negative. (b) Marginal Utility is zero.
(c) Total Utility is rising. (d) Total Utility is falling. 1
19. Law of demand states that there is: (Choose the correct alternative)
(a) Inverse relationship between price of a goods and its quantity demanded.
(b) Negative relationship between price of a goods and its quantity demanded.
(c) Both (a) and (b)
(d) None of these 1

20. Read the following statements – Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Indifference curve are convex to the origin
Reasons (R): Increasing Marginal Rate of Substitution
Alternatives:
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
b. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of
Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true. 1

21. Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I.
Column I Column II
(a) Total revenue (i) ATC must rise
(b) MC > ATC (ii) Stage III
(c) MP is negative (iii) Qx = f(L,K)
(d) Production Function (iv) Sum of marginal revenues
Choose the correct alternative:
(a) iii, iv, ii, i (b) iv, i, ii, iii (c) ii, i, iii, iv (d) i, iii, iv, ii 1
22. Read the following statements – Assertion (A) and Reason (R). Choose one of the correct alternatives given below
Assertion (A) : Fall in input prices leads to increase in supply of goods.
Reasons (R) : Increase in supply is when supply rises due to a factor other than the own price of the
goods.
Alternatives :
a. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion
(A)
b. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
 (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true. 1
23. Law of supply states that, other things being equal, there is a (Positive/Negative) relationship between supply and
price of a commodity. (Fill up the blank with correct alternative). 1

Read the following passage carefully and answer the question numbers 24 – 27 on the base of the same.
Rationing of the good is the means by which government ensures equitable distribution of resources by
putting a restraint on the purchase of the commodity in the market for the rich people. Rationing is the
controlled distribution of scarce resources, goods, or services and it controls the size of the ration, one’s
allotted portion of the resources being distributed on a particular day or at a particular time. In economics,
rationing is an artificial restriction of demand and is done to keep price below the equilibrium (market-clearing)
price determined by the process of supply and demand in an unfettered market. Thus, rationing can be
complementary to price controls which can be explained through indifference curve approach.
There are two kinds of rationing done by the government to reduce consumption- price rationing and non-price
rationing. By rationing, we mean exercise tax and by non-price rationing, we mean all types of control on the
quantity consumed. Non-price rationing could be done by giving away of coupons that would enable low-
income families to obtain some good at affordable prices, which could not be possible if the prices were to
increase alone. With coupon scheme, it would develop a black market for coupons, which would paradoxically
increase the utility for those who are in need of that commodity by collection of more of these coupons from
those who are not in need. This ensures greater marginal utility for those people who are in need of the
commodity and will provide exchange of money to those who sell these coupons. For this, it is necessary for
the government to encourage trading of the coupons.
The major importance of introducing rationing is to keep the price of important commodity under control, as for
a necessary commodity, there will be an excessive demand in the market which will drive their price up in
the market and high prices leads to reduction of consumption and utility for those who could not afford it.
This ensures that the resources are planned in favor of the poor people of the country and restricting the rich
people to ensure excessive purchase of limited resources of the country. This ensures development and equality of
welfare and utility between the rich and the poor people. Rationing of the good is done by the government and not
the private sector. There is the same limit put on every person on the budget spending to which people could
buy the commodities and within the limit, one could buy any amount of the commodity. www.lawctopus.com
24. Which of the following statement regarding utility is not true? (Choose the correct alternative)
(a) It is satisfying power of a commodity. (b) A utility is always measurable.
(c) It helps a consumer to make choices. (d) It is purely a subjective entity. 1
25. Which of the following conditions can lead to change in budget set? (Choose the correct alternative)
(a) When the level of income changes (b) When price of one goods changes
(c) When price of both the goods changes (d) All of the above 1
26. Marginal utility diminishes, as consumption of commodity (Increases/Decreases) (Fill up the blank with correct
alternative). 1
27. The consumer is in equilibrium at a point where the budget line: (Choose the correct alternative)
(a) Is above an indifference curve (b) Is below an indifference curve
(c) Is tangent to an indifference curve (d) Cuts an indifference curve 1
28. A consumer consumes only single goods. Explain the conditions of consumer's equilibrium using marginal utility
analysis. 3
OR
Explain increase and decrease in supply. 3
29. What is an normal goods? In what manner is the demand curve of such a goods affected when income of the
 consumer increases? Use diagram. 3
30. Distinguish between positive and normative economics. 4
OR
Explain the problem of ‘how to produce’? 4
31. When price of a good rises from ` 8 per unit to ` 10 per unit, producer supplies 40 units more. Price Elasticity of
Supply is 2. What is the quantity supplied before the price change? Calculate. 4
32. Using appropriate schedule, briefly describe the determination of market equilibrium. 4
33. Market for a good is in equilibrium. The supply of the good 'decreases'. Explain the chain of effects of this change.
OR
Suppose the demand and supply curves of salt are given by:
qd = 1,000 – p
qS = 700 + 2p
(a) Find the equilibrium price and quantity.
(b) Now suppose that the price of an input used to produce salt has increased so that the new supply curve is qs = 400 + 2p
How do the equilibrium price and quantity change? Does the change confirm to your expectation?
(c) Suppose the government has imposed a tax of Rs 3 per unit of sale of salt.
How does it affect the equilibrium price and quantity?

34. Calculate the MP of variable factor and indicate the various phases of Law of Variable Proportions from the
following schedule:
Units of variable factor 0 1 2 3 4 5 6
TP (in units) 0 50 110 150 180 180 150

OR
A person starts a goods transport business. He purchases a goods carrier using partly his own savings and
partly borrows money. He drives the carrier himself. What are the explicit cost and implicit cost in it
directly identifiable? Give reasons for your answer. 6
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