CBSE Class 11 Economics Sample Paper Term 1

PART A –STATISTICS FOR ECONOMICS

1. Stages of statistical study are:
(i) 2
(ii) 3
(iii) 4
(iv) 5 

2. Which of the following is not a function of statistics:
(i) Economic forecasting
(ii) Economic equilibrium
(iii) Political equilibrium
(iv) Construction of economic model 

3. In singular sense , statistics means:
(i) Statistical science
(ii) Statistical Law
(iii) Both i) and ii)
(iv) None of the above 

4. In an advertisement of a job, they published separate vacancy for General, OBC, SC/ST . from this advertisement, which method do you think is applied:
(i) Random sampling
(ii) Non- random sampling
(iii) Both (i) and (ii)
(iv) None of the above 

5. The first census after independence was conducted in :
(i) 1951
(ii) 1952
(iii) 1953
(iv) 1954 

6. Match the following
Column A                                                Column B
A. Chronological classification                i. location
B. Spatial classification                           ii. time
C. quantitative classification                  iii. dichotomy
D. simple classification                          iv. numbers
a) A (i) B (iii) C (ii) D (iv)
b) A (iv) B (iii) C (ii) D (i)
c) A (i) B (ii) C (iii) D (iv)
d) A (ii) B (iii) C (iv) D (i) 

7. The data collected by NSS released quarterly through journal is called:
(i) Sarvekshana
(ii) Political frontier
(iii) Economics times
(iv) None of the above 

8. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Median is unaffected if the size of the largest value increases.
Reason (R): since the median is determined by the position of the different value, it remain unaffected, the size of the largest value.
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. 

9. Which of the following is not type of frequency distribution:
(i) Exclusive series
(ii) Mid – value frequency series
(iii) Cumulative frequency series
(iv) None of the above 

10. A series in which every class interval excludes items corresponding to its upper limit is called:
(i) Exclusive series
(ii) Inclusive series
(iii) Both(i) and (ii)
(iv) None of the above 

11. Bivariate refers to a series of statistical data with ------------------variable
(i) 1
(ii) 2
(iii) 3
(iv) 4 

12. The data collected by NSS released quarterly through journal is called:
(v) Sarvekshana
(vi) Political frontier
(vii) Economics times
(viii) None of the above 

13. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The production of rice in 2019-20 is likely to be more as compared to 2018-19.
Reason (R): Statistical enables an economist to present economic facts in statistical term, they become exact.
Alternatives:
e. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
f. Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
g. Assertion (A) is true but Reason (R) is false.
h. Assertion (A) is false but Reason (R) is true. 

14. Complex table may be classified as:
(i) General purpose and special purpose table
(ii) Original and derived
(iii) Double, treble and manifold table
(iv) None of these 

15.

On the basis of this table, production in the factory is showing:
(i) Increases
(ii) Decreases
(iii) Fluctuation
(iv) None of the above 

16. Diagrams which show total values of a set of data simultaneously are known as:
(i) Percentage diagrams
(ii) Differential bar diagrams
(iii) Deviation bar diagrams
(iv) Multiple bar diagrams 

17. Iram want to know the monthly rainfall in Assam, which diagram do you suggest more suitable to her for this purpose:
(i) Pie diagram
(ii) Percentage bar diagram
(iii) Bar diagram
(iv) Time series graphs 

18. Which of the following is the shape of frequency distribution curve?
(i) A- shaped curve
(ii) B- shaped curve
(iii) Inverse U shaped curve
(iv) All of these 

19. Identify the correct sequence of alternatives given in column I and column II
Column I                                    Column II
A Bar Diagrams                       i A different form of component bar diagram
B Pie diagram                         ii Based on a single set of numerical data
C Deviation bar diagram          iii Represent positive and negative values
D Percentage bar diagram        iv A geometric form of diagrammatic presentation
Alternatives:
a) A – i
b) B - ii
c) C - iii
d) D – iv

20. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Statistics simplfy complex data,
Reason (R): the statistical data may involve personal bias or may be manipulation for one’s own selfish motive.
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. 

21.

On the basis of this picture, which central tendency is depicted.
(i) Mean
(ii) Mode
(iii) Median
(iv) All of these 
Sometimes , you may be interested in knowing the most typical value of a series or the value around which maximum concentration of items occurs, for example, a manufacturer would like to know the size ofshoes that maximum demand or style of the shirt that is more frequently demanded. Here, mode is the most appropriate measure. The word mode has been derived from the French word “ la mode” which signifies the most fashionable values of a distribution, because it is repeated the highest number of times in the series, mode is the most frequently observed data value. 

22. mode of 25.20,21,23,23,25,27,25 numbers is --------------
(i) 23
(ii) 25
(iii) 27
(iv) 24 1

23. Which of the following is a positional average:
(i) Median
(ii) Mode
(iii) Quartile
(iv) All of these

PART B - INDIAN ECONOMIC DEVELOPMENT

24. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Marginal rate of substitution remains same along the indifference curve.
Reason (R): It diminishes along the indifference curve.
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. 

25. What causes rightward shift in the demand curve?
(i) Fall in the price of the good
(ii) Fall in the price of substitute good
(iii) Fall in the price of complementary good
(iv) Both (ii) and (iii) 

26. what will be the elasticity of demand curve that is horizontal line parallel to x-axis?
(i) Zero
(ii) Unity
(iii) Ed>1
(iv) infinity 

27. Picture based MCQ

 
Fill in the blanks:
(i) Expectation of changes in price
(ii) Consumer goods
(iii) Substitute goods
(iv) Complementary goods 

28. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): demand for car is elastic.
Reason (R): because it is a luxury goods and its consumption may be postponed, when its appear to be costly.
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. 

29. A rise in income of Rani leads to falls in the demand for the good A by her, what is the good A called:
(i) Complementary goods
(ii) Substitute goods
(iii) Inferior goods
(iv) Normal goods 

30. Following are the demand schedules for commodity A and B. Which one of them has more elastic demand?

(i) Commodity A
(ii) Commodity b
(iii) Both
(iv) None of these 

31. If due to the fall in price of goods X, demand for good Y rises, the two goods are:
(i) Substitute goods
(ii) Complementary goods
(iii) Not related
(iv) Competitive goods 

32. ------------- is the additional to the total utility as consumption is increased by one more unit of the commodity.
(i) Marginal utility
(ii) Total utility
(iii) Average utility
(iv) None of the above 

33. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Utility is directly linked with the usefulness of a commodity.
Reason (R): A commodity may not be useful, yet it may have utility for a particular person like cigarette.
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. 

34. When marginal utility is zero, total utility is:
(i) Zero
(ii) Maximum
(iii) Minimum
(iv) negative 

35. Suppose there is sudden change in climate conditions resulting in hot weather. Assuming no change in the price of the cold drinks, it will leads to:
(i) Upward movement along the same market demand curve.
(ii) Downward movement along the same market demand curve 

36. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Elasticity of demand of a good depend on the nature of that commodity.
Reason (R): Elasticity are of five types.
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. 

37. Salt has no close substitute and moreover a household has to share a negligible part of his entire budget. Therefore even in spite of increase in price of salt its demand not affected.
However, demand for a particular brand of toothpaste is comparatively more elastic as there are many brands of toothpaste available in the market, so the consumers can switch over to any other brand in case of hike in the price of a particular brand of toothpaste.
(i). type of commodity
(ii) substitute goods
(iii) No of commodity available
(iv) None of these

38. Is the demand for luxury goods elastic? Why?
(i) True
(ii) False
(iii) None of these
(iv) Not applicable 

39. Which type of commodity is salt:
(i) Luxury
(ii) Necessity
(iii) Inferior
(iv) None of the above 

40. Elasticity of demand is depend on:
(i) Type of commodity
(ii) Price of the commodity
(iii) None of the these
(iv) Both (i) and (ii)