DPS NACHARAM

CLASS XI, ECONOMICS (030)

MOCK PAPER - TERM 1
General Instructions:
(1) This questions paper contains two sections:
Section A – Statistics for Economics
Section B – Microeconomics
(2) This paper contains 20 Multiple Choice Questions type questions of 1 mark each.
(3) This paper contains 4 Short Answer type questions of 3 marks each to be answered in 60
to 80 words.
(4) This paper contains 6 Short Answer type questions of 4 marks each to be answered in 80
to 100 words.
(5) This paper contains 4 Long Answer type questions of 6 Marks each to be answered in 100
to 150 words.

Section A – Statistics for Economics

1. What implication(s) does resource scarcity has for the satisfaction of wants? (1 mark)
a. Not all wants can be satisfied
b. We will never be faced with the need to make choices
c. We must develop ways to decrease our individual wants
d. The discovery of new natural resources is necessary to increase our ability to satisfy
wants
2. In the following question a statement of Assertion (A) is followed by a statement of reason R.
Choose the correct answer. (1 mark)
Assertion(A)- Arun purchased a car from Bharat Automobiles
Reason(R)- Arun is a consumer as he was the reason of economic activity performed.
a. Both A and R are true and R is correct explanation of A.
b. Both A and R are true but R is not the correct explanation of A.
c. A is true and R is false
d. A is false and R is true
3. 3. Data from secondary source are: (1 mark)
a. Obtained from WTO report
b. Most reliable than data from primary source
c. Collected for other purposes than the current study
d. Both a and c
4. 4. In the following question a statement of Assertion (A) is followed by a statement of reason R.
Choose the correct answer. (1 mark)
 Assertion(A)- Questionnaire must be brief, simple, clear and precise.
5. Reason(R)- Questionnaire needs to be able to collect data from the individuals without making
it redundant and boring. (1 mark)
a. Both A and R are true and R is correct explanation of A.
b. Both A and R are true but R is not the correct explanation of A.
c. A is true and R is false
d. A is false and R is true
5. From the following data, how much percent of persons are earning more than ₹ 1499:
Income (₹) No. Of persons
500-999 15
1000-1499 28
1500-1999 36
2000-2499 7 (1 mark)
a. 50%
b. 45%
c. 40%
d. 60%
6. The class marks of a distribution are 26, 31, 36, 41, 46, 51. Then first-class interval is:
(1 mark)

a. 23.5-28.5
b. 23-28
c. 22.5-27.5
d. None of these7.
7. The headings of the rows given in the first column of a table are called: (1 mark)
a. Stubs
b. Titles
c. Captions
d. Prefatory notes
8. Which of the following statements is correct? (1 mark)
a. Bars may be vertical or horizontal
b. Breadth of the bar remains same
c. All bars are based on some common base line
d. All of these
9. Diagrammatic representation of cumulative frequency distribution is called: (1 mark)
a. Frequency polygon
b. Frequency curve
c. Ogive
d. Histogram
10. It is always possible to construct a histogram from the: (1 mark)
a. Data
b. Frequency polygon
c. Both a and b
d. None of these
11. Discuss the importance of Statistics in economic planning. (3 marks)
12. Out of the total number of 750 people, who applied for jobs in TCS, 150 are females. Out of
total applicants, 420 are graduates and others are post graduates. The number of male applicants
who are post graduates are 250. Tabulate the given information. (3 marks)
13. Explain briefly the random methods of collecting samples. (4 marks)
14. Prepare a frequency distribution by inclusive method taking class interval of 7 from the
following data - (4 marks)

15. The following data shows the profits earned by Company A and Company B for the year 2013-
14 to 2016-17. Present the data with the help of a component bar diagram. (4 marks)

Year Company A(₹) Company B(₹)

2013-14 225 160
2014-15 310 240
2015-16 450 380
2016-17 575 600
16. From the following data of the ages of the different persons, prepare less than and more than
cumulative frequency distribution. (6 marks)
Age 10-20 20-30 30-40 40-50 50-60 60-70 70-80
years

No. Of 5 12 10 6 4 11 2
persons

17. Draw a less than and more than ogive from following distribution: (6 marks)

Profits 10-20 20-30 30-40 40-50 50-60 60-70

No. Of 4 7 10 20 17 2
companies

Section B – Microeconomics
18. A statement which does not offer any suggestion is known as - (1 mark)
a. Positive statement
b. Normative statement
c. Both a and b.
d. None of these
19. _____ is also known as the problem of allocation of resources. (1 mark)
 a. What to produce
b. When to produce
c. Who to produce
d. Why to produce
20. In the question, two statements are given. Read the statements carefully and choose the correct
alternative among those given below. (1 mark)
Statement1: 'for whom to produce' is the problem that relates to the distribution of income.
Statemnet2: Growth of resources is possible only when the economy generates more resources.
a. Both the statements are true
b. Both the statements are false
c. Statement 1 is true and statement 2 is false
d. Statement 1 is false and statement 2 is true
21. Marginal utility of a particular commodity at the point of saturation is: (1 mark)
a. Zero
b. Unity
c. Greater than unity
d. Less than unity
22. From the following statements given in column 1 and column 2, choose the correct pair of
statements: (1 mark)

Column 1 Column 2

A. IC analysis of consumer equilibrium I. Based on the concept of cardinal

measurement of utility
B. Monotonic preference for a good II. More of a good always gives less
satisfaction to the consumer
C. Equilibrium condition III. MRS= Px / Py
D. Budget set equation IV. P1X1 + P2X1 = Y

a. A-I
b. B-II
c. C-III
d. D-IV
23.
Price(Rs) Demand (Units)

10 5
5 8

On the basis of the above-mentioned information answer the following question:

The given situation in the above table is called ____. (1 mark)
a. Increase in demand
b. Decrease in demand
c. Extension in demand
d. Contraction in demand
24.Inferior goods are those whose income effect is ______. (1 mark)
a. Negative
b. Positive
c. Zero
d. None of these
25. Elasticity of demand tells us about the: (1 mark)
a. Direction of change in quantity demanded in response to the change in own price
of the commodity
b. Degree of change in quantity demanded in response to the change in own price of
the commodity
c. Absolute change in quantity demanded in response to change in own price of the
commodity
d. None of these
26.What will be the elasticity of demand when demand curve is parallel to Y-axis? (1 mark)
a. Unity
b. Zero
c. Less than unity
d. More than unity
27. Ed > 1 represents: (1 mark)
a. Elastic demand
b. Inelastic demand
c. Unitary elastic demand
d. None of these
28. Explain the central problem of 'choice of technique' (3 marks)

29. What is the relation between Good X and good Y in each case, if with fall in price of Good X,
demand for Good Y (i) rises, (ii) falls? Give a reason. (3 marks)

30. Using a diagram explain what happens to the PPC of Kashmir if the widespread floods have
led to destruction of human lives? (4 marks)

31. Higher consumption of a commodity may mean lower and lower marginal utility, but it never
implies negative total utility. Do you agree? (4 marks)

32. When price of a good is ₹ 5, the consumer buys 20 units of that good. When price changes to
₹ 7, the quantity purchased changes. Calculate the new quantity, if price elasticity of demand is 1.
(4 marks)
33. Explain the reaction of the consumer when: (i) price ratio is higher than the marginal rate of
substitution (ii) price ratio is lower than the marginal rate of substitution. (6 marks)

34. (i) Explain with the help of diagram, the effect of rise in income of buyers on demand for a
good (if the good is inferior good) (3 marks)
(ii) differentiate between change in quantity demanded and change in demand. (3 marks)