Read and download CBSE Class 11 Economics Question Paper Set V Solved designed as per the latest question paper pattern and Class 11 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 11 Economics have been provided with solutions which will help students to assess their performance and find out topics in Economics Class 11 which they need to improve to get better marks in Class 11 exams. After solving these last year papers also refer to solved Sample Papers for Class 11 Economics available on our website to build strong understanding of the subject
Economics Question Paper Class 11
Students can refer to the below Class 11 Economics Question Paper designed to help students understand the pattern of questions that will be asked in Class 11 exams. Please download CBSE Class 11 Economics Question Paper Set V Solved
Economics Class 11 Question Paper
PART A - MICRO ECONOMICS
1 A consumer buys certain units of the good and she found that Marginal Utility of a good is more than price of the good. Consumer will: (Choose the correct alternative)
A. Buy less units of the good to be at equilibrium
B. Buy more units of the good to be at equilibrium
C. Will not change the units purchased because she is already at equilibrium.
D. Will decide not to buy the good.
2 If Marginal Rate of substitution is diminishing in nature, Indifference curve becomes:
(Choose the correct alternative)
A. Upward sloping with a diminishing slope
B. Downward sloping and convex to the origin
C. Downward sloping and concave to the origin
D. Downward sloping and straight line.
3 What happens to Average Fixed Cost when firm increases the level of output?
What could be the shape of Average Revenue curve if firms sell its entire output at the same price per unit?
4 Define demand for a good.
5 Discuss the nature of Total Revenue curve of a firm if the firm is functioning under a perfectly competitive market.
Discuss the implication behind the feature of ‘perfect freedom of entry and exit’ of firms under perfect competition.
6 A firm supplies 500 units of a good at a price of Rs.5 per unit. Its price elasticity of supply is 1. How many units of this good will the firm supply if price increases to Rs. 7 per unit?
7 Give two points of distinctions between:
a. Monopoly market and monopolistic market
b. Perfect competitive market and Oligopoly market.
8 Using suitable diagram explain the effect on demand for a good when:
a. Price of its substitute good rises.
b. Price of its complementary good rises.
9 Define a Production Possibility Curve. How does it explain the problem of choice? Explain using a diagram
Define Marginal Rate of Transformation. How does it influence the shape of production possibility curve? Show with diagrams.
10 Why should the Budget Line be tangent to the highest possible Indifference Curve at consumer equilibrium? Explain using diagram.
11 Consider the market for Tea in terms of its market price and quantity exchanged. Explain the possible impact on its market price and quantity exchanged when market price of coffee rises. Use diagram.
In the recent budget government decided to fix a floor price of paddy by 50% above the market price. What could be the purpose behind this policy? What are the possible consequences of the policy? Explain using a diagram.
12 Why should Marginal Revenue be equal to Marginal Cost at equilibrium level of output of a firm? Explain using suitable diagram.
PART B – STATISTICS
13 Interpret the value of ‘r=-1’ in the case of coefficient of correlation.
Interpret the result if all the dots in a scatter diagram lie on a downward sloping straight line.
14 State one difference between a discrete variable and a continuous variable
How is chronological classification different from Spatial classification of data
15 Statistical calculation of a classified data is based on: (Choose the correct alternative)
A. Actual values of observations
B. The upper class limits
C. The lower class limits
D. The class mid points
16 Define Coefficient of Range.
17 The subject economics involves the study of man engaged in economic activities of various kinds. These economic activities are broadly classified under three heads. What are these? State with meaning.
18 Calculate Arithmetic Mean for the following distribution.
Calculate Lower Quartile, Middle Quartile and Upper Quartile for the following distribution.
19 It is stated that ‘Non Sampling errors’ are more serious than ‘Sampling errors’. Why? What are the possible non sampling errors? Explain with meaning.
The most common type of instrument used in surveys to collect information or data is questionnaire. The success of any statistical investigation is determined by the quality of the questionnaire and the response that evoke from the respondents. What are the essential characteristics of a good questionnaire?
20 Draw a pie diagram for the following information regarding expected expenditure allocated for the different sub-sectors of Primary sector of the economy in the recent budget.
21 A psychological test on intelligence and mathematical ability was conducted for five students that give the following result. Find Rank correlation coefficient for the following data related their Intelligence Quotient and Arithmetic Ability.
22 Calculate the value of Mode and locate the same on a graph and verify the result.
23 Calculate Mean Deviation from median and its coefficient for the following distribution.
Calculate Standard Deviation and its coefficient.
24 Calculate Index numbers for the year 2010 considering 2005 as the base year using the following methods:
a. Laspeyer’s Method.
b. Paasche’s Method.
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Previous Year Question Paper Economics Class 11
We hope you liked the above provided CBSE Class 11 Economics Question Paper Set V Solved. To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 11 students to refer to CBSE Class 11 Economics Question Paper Set V Solved that we have provided above. Students can download all the Question Papers for Class 11 Economics which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. If you do CBSE Class 11 Economics Question Paper Set V Solved for Class 11 Economics you will easily understand the way examination question papers are set by teachers.
Class 11 Economics Previous Year Question Papers
The past year question papers CBSE Class 11 Economics Question Paper Set V Solved covers all the topics which have been suggested by CBSE in their Class 11 Economics syllabus for the current year. By doing all CBSE Class 11 Economics Question Paper Set V Solved PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 11 Economics which are always asked and learn them so that you can get full marks in those questions.
Class 11 Economics Model Question Paper Pdf Download
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Economics Previous Year Question Papers Class 11 with Solutions
We have provided CBSE Class 11 Economics Question Paper Set V Solved with solutions. You will be able to understand the type of answers which you should write in Class 11 Economics exams to score good marks. You should attempt all the last year question paper for Class 11 and Class 11 Economics MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers. This way you will be able to identify your weak areas and also understand how the teachers of Class 11 Economics set their questions in the exams.
CBSE Class 11 Economics Previous Year Question Papers with solutions
We have provided the last 10 years Class 11 Economics Question Papers. Students who want to practice question papers from all previous years can easily get them on studiestoday. We are the leading website in India from which you can download all the latest Class 11 Economics study material for free as per the CBSE syllabus for Class 11 Economics for the current academic year.
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