Scribd
Upload
22 views2 pages

Class XI Economics MCQs and Answers

The document is an examination paper for Class XI Economics, covering topics in Statistics and Microeconomics. It includes multiple choice questions, short answer questions, and long answer questions related to concepts such as correlation, demand curves, and market structures. The paper assesses students' understanding of key economic principles and statistical methods.

Uploaded by

payal.sunflower0502
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
22 views2 pages

Class XI Economics MCQs and Answers

The document is an examination paper for Class XI Economics, covering topics in Statistics and Microeconomics. It includes multiple choice questions, short answer questions, and long answer questions related to concepts such as correlation, demand curves, and market structures. The paper assesses students' understanding of key economic principles and statistical methods.

Uploaded by

payal.sunflower0502
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Subject- Economics

Class- XI (M.M 40)


Section-A
(Statistics)
Q. Multiple Choice Questions:
1. Sum of deviations of different values from arithmetic mean is always equal to-

a) Zero b) 1 c) less than 1 d) more than 1


2. What is the range of simple correlation coefficient?
a) 1 > r > 1 b) -1 <r <1 c) 1 < r > 1 d) 1 < r < 1
3. Mutually exclusive classification is usually meant for
a) An attribute b) a continuous variable c) a discrete variable d) any of these
4. The arithmetic mean is highly affected by
a) Moderate values b) extremely small values c) odd values
d) extremely large values
5. If rxy = ryx , correlation between x and y is
a) Symmetric b) No correlation c) Non- linear d) None
Q. Short answer questions:
6. Karl Pearson’s method is superior to Rank Correlation. Do you agree? Justify your answer.
7. Calculate mode from the following data-

X 0-10 10-20 20-30 30-40 40-50


f 3 6 8 6 3

Q. Long Answer Questions:


8. Calculate rank correlation coefficient from the following data-
X 19 24 12 23 19 16
Y 9 22 20 14 22 18

Section- B
(Microeconomics)
Q. Multiple Choice Questions:
9. Demand curve of a firm is perfectly elastic under-
a) Perfect Competition b) Monopoly c) Monopolistic Competition d) Oligopoly
10. When the total fixed cost of producing 100 units is ₹30 and the average variable cost ₹3,
total cost is –
a) ₹3 b) ₹30 c) ₹270 d) ₹330
11. Demand for good is termed inelastic through the expenditure approach when if-
a) Price of the good falls, expenditure on it rises
b) Price of the good falls, expenditure on it falls
c) Price of the good falls, expenditure on it remains unchanged
d) Price of the good rises, expenditure on it falls
12. A firm is able to sell any quantity of good at a given price. The firm’s marginal revenue will
be-
a) Greater than Avg Revenueb) Less than Avg Revenue c) Equal to Avg Revenue
d) zero
13. What will be the degree of price control in prefect competition?
a) No control b) Not required c) Full control d) Partial Control
14. When TU is maximum, MU will be-
a) negative b) zero c) positive d) equal
Q. Short Answer Questions:
14. A consumer spends ₹1000 on a good priced at ₹8 per unit. When price rises by 25%, the
consumer continues to spend ₹1000 on the good. Calculate price elasticity of demand by
percentage method.
15. Explain the different forms of market structure alongwith the three features of perfect
competition and monopolistic competition.
16. Is the demand for following elastic, moderately elastic, highly elastic? Give reasons.
a) Demand for petrol b) Demand for textbooks
c) Demand for cars d) Demand for milk
Q. Long Answer Question:
17. Complete the following table:

Unit of 1 2 3 4 5 6
Labour
AP (units) 8 10 9 7
____ ____
MP (units) 10 4
___ ____ ___ ____

You might also like