Class XI Session 2025-26
Subject - Economics
Sample Question Paper - 8
Time Allowed: 3 hours Maximum Marks: 80
General Instructions:
1. This question paper contains two sections:
Section A – Micro Economics
Section B – Statistics
2. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
3. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
5. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.
Section A
1. Index Number reveals the state of [1]
a) Both b) None
c) Deflation d) Inflation
2. If there is a perfect disagreement between the marks in geography and statistics ,then what would be the value of [1]
rank correlation coefficient?
a) 1 b) 0
c) - 1 d) 5
3. Calculate index numbers from the following data by simple aggregate method taking prices of 2000 as base. [1]
Commodity A B C D
Price per unit (in Rupees) 2000 80 50 90 30
2001 95 60 100 45
a) 130 b) 140
c) 120 d) 150
4. Assertion (A): Various problems arise due to unequal distribution of wealth and national income and are solved [1]
with the help of statistical data.
Reason (R): Statistical methods are used in solving the problem of the distribution of national income.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
c) A is true but R is false. d) A is false but R is true.
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5. In most of the weighted index numbers, the weight pertains to: [1]
a) current year b) base year or current year .
c) Base year d) Both base and current year
6. The father of statistics is: [1]
a) Fisher b) Marshall
c) Bowley d) Gottfried Achenwall
7. We use price index numbers [1]
a) To measure and compare prices b) To compare prices
c) To change in prices d) To measure prices
8. The graph of a cumulative frequency distribution is called [1]
a) a histogram b) an ogive
c) a line graph d) A polygon
9. A weighted aggregate price index where the weight for each item is its current-period quantity is called the [1]
a) Paasche Index b) Consumer Price Index
c) Laspeyres Index d) Aggregate index
10. In an evaluation of answer script the following marks are awarded by the examiners. Can you find any [1]
correlation between the two?
1st 88 95 70 96 50 80 75 85
2nd 84 90 88 55 48 85 82 72
a) 0.543 b) 0.363
c) 0.365 d) 0.578
11. If the salary of a person in the base year is ₹ 4,000 per annum and the current year salary is ₹ 6,000, by how [3]
much should his salary be raised to maintain the same standard of living if the CPI is 400?
12. What is central tendency? [3]
OR
There are two factories employing 100 and 80 men, respectively. If the arithmetic mean of their monthly salaries are
Rs.575 and Rs.625, then find the arithmetic mean of the salaries of both the factories together.
13. What is classification of data? What should be its characteristics? [4]
14. What is a false base line? What is its purpose? Give an example. [4]
OR
What is tabulation? Differentiate between tabulation and classification.
15. What are the essentials of a good sample? [4]
16. From the data given below, calculate Karl Pearson’s coefficient of correlation between density of population and [6]
death rate by step deviation method.
Region Area(in sq km) Population Death
A 200 40000 480
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B 150 75000 1200
C 120 72000 1080
D 80 20000 280
17. Give formula for: [6]
a. Simple mean in individual series by short cut method
b. Weighted mean
c. Simple mean in continuous series by direct method
d. Simple mean in discrete series by short cut method
e. Combined Mean
f. Simple mean in continuous series by step deviation method
OR
¯¯¯
¯
Find out the missing item x of the following distribution, where arithmetic mean (X ) is 11.37
X 5 7 x 11 13 16 20
Frequency 2 4 29 54 11 8 4
Section B
18. Extension of supply occurs due to change in: [1]
a) technique of production b) goal of the firm
c) number of firms d) own price of the commodity
19. The basic economic activities put in order are [1]
a) Production, consumption and exchange b) Consumption, exchange and production
c) Production, Exchange and consumption d) Exchange, production and consumption
20. Excess capacity is a prominent feature of equilibrium under? [1]
a) Perfect competition b) gopoly
c) Monopolistic competition d) Monopoly
21. Under perfect competition: [1]
a) AR remains constant b) Price = AR = MR
c) Price = AR = MR and AR remains constant d) MR curve is below AR curve
22. The defined shape of AFC is due to [1]
a) Constant TFC b) Variable TFC
c) U shape of MC d) Constant TC
23. Assertion (A): More goods are purchased only when the price of the commodity falls. [1]
Reason (R): For every additional unit to be purchased the consumer is willing to pay less and less price.
a) Both A and R are true and R is the correct b) Both A and R are true but R is not the
explanation of A. correct explanation of A.
c) A is true but R is false. d) A is false but R is true.
24. Which of the following is a feature of perfect competition? [1]
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a) Large Number of Buyers and Sellers b) All of these
c) Homogeneous Units of the Product d) Perfect Knowledge of the Market
25. The AR curve and industry demand curve are same in case of? [1]
a) Oligopoly b) None of above
c) Perfect competition d) Monopoly
26. AFC curve never touches ‘x’ axis though it lies very close to x axis because [1]
a) AFC can never be zero as TFC can never be b) AFC is always vertical
zero
c) AFC is horizontal d) AFC curve can never be extended to touch
zero with increase in output
27. The break- even point where TR=TC, the firm cannot earn abnormal profits [1]
a) True b) Can’t say
c) False d) May be
28. State and discuss any two factors that will shift the Production Possibility Frontier (PPF) to the right. [3]
OR
What does a simple economy mean?
29. Explain equilibrium price. How is it determined? [3]
30. Define demand. State the factors affecting demand for a commodity by a consumer. [4]
31. Imagine yourself a producer (in a perfectly competitive market structure), focusing on profit maximisation. Will [4]
you prefer striking an equilibrium in a state of increasing returns?
OR
Is a producer at equilibrium under the following situations?
i. When Marginal Revenue is greater than Marginal Cost.
ii. When Marginal Revenue is equal to Marginal Cost. Give reasons for your answer.
32. Explain why an Indifference curve has a negative slope (i.e. IC slope down-wards to the right). [4]
33. What is meant by increasing returns to a factor? Discuss any two reasons behind increasing returns to a factor. [6]
34. Answer the following questions [6]
(a) If power tariff is lowered during off-peak hours, do you think the problem of load-shedding for [3]
household consumption can be solved to some extent? Use the concept of elasticity of demand.
(b) From the schedule provided below calculate the total revenue, demand curve, and the price elasticity [3]
of demand:
Quantity 1 2 3 4 5 6 7 8 9
Marginal Revenue 10 6 2 2 2 0 0 0 -5
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