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RYAN INTERNATIONAL SCHOOL, HALF YEARLY / TERM-I, CLASS-XI, TIME : 90 MIN., , SUB. : ECONOMICS, MM: 40, , General Instructions:, 1., There are total 60 questions in this paper out of which 50 questions are to be, attempted., 2., This paper is divided into three Sections ., a., Section A-Contains 24 questions. Attempt any 20 questions., b., Section B-Contains 24 questions. Attempt any 20 questions., c., Section C-Contains 12 questions. Attempt any 10 questions., 3., All questions carry equal marks., 4., There is no negative marking., SECTION-A, Out of 24 question, any 20 questions are to be attempted., 1., , Which of the following statement is not an example of statistics?, (a), Birth rate in India is 18 per thousand as compared to 8 per thousand in US., (b), Sohan has Rs 100 note in his pocket., (c), Over the last 10 years, Australia has won 60 hockey matches and lost 50, matches, (d), Average pocket allowance of the students of class XI is Rs 500 per month, , 2., , In plural sense, which of the following is not a characteristic of statistics?, (a), Aggregate of data, (b), Only expressed in words, (c), Affected by multiplicity of causes, (d), Collected in a systematic manner, , Read the following statements –, Assertion (A) and Reason (R). Choose one of the correct alternatives given below:, 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., 3., , Assertion (A): Statistical methods are no substitute for common sense., Reason (R): Statistical data should not be believed blindly as it can be interpreted or, misused., (a), (b), (c), (d), , 4., , Assertion (A): An economic activity which deals with the use of goods and services, for the satisfaction of human wants, is known as consumption., Reason (R): A consumer is one who consumes goods and services for the satisfaction, of his wants, (a), (b), (c), (d)

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5., , From the set of statements given in column I and Column II, choose the correct pair, of statements, Column A, Column B, a., Microeconomics, i., General Price Theory, b., Growth of Resources, ii. Discovery of new natural resources, c., What to produce, iii. Cotton Industry, d., Macro Economics, iv. Selection of technique, (a), (b), (c), (d), , 6., , Which of the following is the salient feature of resources?, (a), They are limited as compared to wants, (b), They have alternative uses, (c), Both (a) and (b), (d), They are unlimited, , 7., , Labour-intensive techniques are chosen In, (a), Labour-surplus economy, (c), Developed economy, , (b), (d), , Capital-surplus economy, None of these, , 8., , Read the following statements - Assertion (A) and Reason (R). Choose one of the, correct alternatives given below:, Assertion (A): Human wants differ in priorities., Reason (R): For every individual, some wants are more important and urgent as, compared to others, 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 related to Microeconomics?, (a), Poverty, (b), Unemployment Problem, (c), National income, (d), Income from Postal department, , 10., , The consumer is in equilibrium at a point where the budget line:, (a), Is above an indifference Curve., (b), Is below an indifference curve., (c), Is tangent to an indifference curve?, (d), Cuts an indifference curve., , 11., , The Law of Diminishing Marginal Utility will not hold good if Income of the, consumer:, (a), Increases, (b), Decreases, (c), Remains constant, (d), Either (a) or (b), , 12., , With fall in price of a commodity, demand of the commodity increases as it becomes, relatively cheaper in comparison to other commodities. This effect is known as:, (a), Substitution Effect, (b), Income Effect, (c), Law of Demand, (d), All of the above.

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13., , The demand function of a product X is given as: Dx = 12 -2Px, where Px stands for, price. The demand at price of Rs. 2 will be:, (a), 6, (b), 8, (c), 5, (d), 10, , 14., , Schedules are filled by the:, (a), Investigator, (c), respondent, , (b), (d), , enumerator, None of these, , Personal bias is possible under:, (a), Random sampling, (c), stratified sampling, , (b), (d), , purposive sampling, Quota sampling., , 15., , 16., , Identify the type of diagram from the following options :, , a), c), , Broken-scale bar diagram ., Deviation bar diagram, , b), d), , Sub-divided bar diagram., Multiple bar diagram., , 17., , Under exclusive method:, (a), the upper class limit of a class is excluded in the class interval, (b), the upper class limit of a class is included in the class interval, (c), the lower class limit of a class is excluded in the class interval, (d), All of these, , 18., , Diagrammatic representation of the cumulative frequency distribution is:, (a), Frequency Polygon, (b), Ogive, (c), Histogram, (d), None of these, , 19., , From the set of events/systems given in column I and corresponding relevant fact, given in column II, choose the correct pair of statement:, Column I, Column II, A, Textual presentation of data, i, Most suitable when the quantum of data, is very large, B, Caption, ii, Title given to the columns of a table, C, General Purpose tables, iii Also called summary tables, D, Source of data, iv, Given at the top of the table, Alternatives:, a), A–i, c), C - iii, , b), d), , B - ii, D – iv

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20., , 21., , Histogram is prepared in case of: ., (a), Individual Series, (c), Continuous Series, , (b), (d), , Discrete Series, None of these, , Read the following statements - Assertion (A) and Reason (R). Choose one of the, correct alternatives given below:, Assertion (A): The one single value that reads the characteristics of the complex and, varied mass of data is called average or central value., Reason (R): An average is a figure that represents the whole group. Thus, it is called a, measure of central tendency or measure of location or just briefly average., 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., , CASE STUDY, The Kendriya Vidyalaya Sangathan is a system of premier central government schools in, India that are instituted under the aegis of the Ministry of Education (MHRD), Government, of India. As of October 2020, it has a total of 1239 schools. It is one of the world’s largest, chains of schools. The system came into being in 1963 under the name ‘Central Schools’., Later, the name was changed to Kendriya Vidyalaya. It is a non profit organisation. Its, schools are all affiliated to the Central Board of Secondary Education (CBSE). The objective, of KVS is to cater to the educational needs of the children of transferable Central, Government employees including Defence and Para-Military personnel by providing a, common programme., Commissioner of Regional office Jaipur prepare a table of the marks obtained of 100 students, which is given below., Marks obtained, 0-20, 20-40, 40-60, 60-80, 80-100, , No. of Students, 14, 19, 21, 29, P, , He was told that mean marks of a student is 53., 22., , 23., , How many students got marks between 80-100?, (a), 21, (b), (c), 17, (d), , 38, 26, , What is the lower limit of modal class ?, (a), 20, (c), 60, , 40, 80, , (b), (d)

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24., , What is the lower limit of median class ?, (a), 20, (c), 60, , (b), (d), , 40, 80, , SECTION-B, (20 Questions out of 24 questions are to be attempted.), Read the paragraph carefully and answers the questions :, Demand for gold is widespread observable fact around the world, in which India’s share, alone comes to around 25%. Hutti gold mine company located in Karnataka is the only, company in India which produces gold by mining and processing the gold ore. Over the past, 5 years; Indians have recycled an average of 105 tons of gold per annum. In October 2008,, demand for gold increased; celebrations like Diwali and Akshaya Tritiya was the main factor, for this vast increase in demand. Imports of gold started falling from December 2008 by 83%,, followed by 91% in January 2009.In march 2009 imports were ZERO. In 2005, demand went, up and the price also went up. Indian people tend to invest in gold because of culture and, belief, so the demand always remains elastic. In 2004, Indians enjoyed a rapid increase in, income, which made the Indians to consume more and more gold even though the price was, increasing. Certain non-price factors like income of the consumer, prices of related goods,, consumers taste and preferences, population and expected future price of the good also, effects of the increase in the price of gold. Later on in the year 2009, platinum, which is a, substitute good for gold started declining from Rs.35000 to Rs.22000 which made the people, of India to purchase platinum as a substitute good for gold., 25., , What are the various factors affecting demand of gold other than its own price?, (a), Income of the consumer, (b), Price of the related goods, (c), Taste and preference, (d), All of the above, , 26., , Platinum is available as substitute of gold , demand curve of gold will be:, (a), Inelastic, (b), elastic, (c), perfectly inelastic, (d), unitary elastic, , 27., , If government imposes high tax on import of gold, what will be the impact on demand, curve for gold jewellery?, (a), shifts rightwards, (b), shifts to the left, (c), upward movements along the demand curve, (d), downwards movement along the same demand curve, , 28., , Demand and supply of gold is one of the main factors which determine the price of, gold., (a), True, (b), False, (c), Can not say, (d), None of these, , Read the following statements - Assertion (A) and Reason (R). Choose one of the correct, alternatives given below:, 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.

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29., , Assertion (A): A rise in the price of burger at the Burger King raises the demand for, burger at Mc Donald., Reason (R): There is a direct relationship between the demand for a good and the, price of its substitute., , 30., , Assertion (A): Budget line slopes downwards, Reason (R): Budget line slopes downwards as more of one good can be bought by, sacrificing some of the other good., , 31., , Total Utility is ……………………. at the point of satiety:, (a), Minimum, (b), Maximum, (c), Zero, (d), None of these, , 32., , If Mux/Px`>MUy/Py, then to reach the equilibrium, consumer should:, (a), Stop buying any commodity, (b), Buy Both the commodities in equal quantity, (c), Buy more of X and less of Y, (d), Buy more of Y and less of X, , 33., , The total utility derived by Shyam by eating 6 apples is 300 utils. Marginal Utility of, the 7th apple is 30 utils. The total utility for 7 apples will be………… utils, (a), 330, (b), 270, (c), 300, (d), 30, , 34., , Which economic problem involves selection of category of people who will, ultimately consume the goods?, (a), How to produce, (b), For Whom to produce, (c), What to produce, (d), None of these, , 35., , In deciding “ How to produce” the economy should consider:, (a), Labour intensive techniques, (b), Capital Intensive techniques, (c), Both (a) and (b), (d), Neither (a) nor (b), , Read the following statements - Assertion (A) and Reason (R). Choose one of the correct, alternatives given below:, 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., 36., , Assertion(A): Tools of microeconomics are demand and supply, Reason ( R) : Microeconomics studies the behaviour of individual units of an, economy, (a), (b), (c), (d)

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37., , Find the number of observations between 250 and 300 from the following data:, VALUE, NO. OF OBSERVATIONS, More than 200, 56, More than 250, 38, More than 300, 15, More than 350, 0, a), c), , 56, 15, , b), d), , 23, 8, , 38., , The most suitable average for qualitative measurement is, (a), Arithmetic mean, (b), Median, (c), mode, (d), None of these above, , 39., , Find modal item of the following set of numbers:, 2,5,2,3,5,5,6,4,5,3,5,2,5,7,1, (a), 2, (b), (c), 7, (d), , 3, 5, , 40., , Calculate the value of median 25,20,15,45,18,7,10,64,38,12, (a), 19, (b), 15, (c), 18, (d), 12, , 41., , From the set of events/systems given in column I and corresponding relevant fact, given in column II, choose the correct pair of statement:, Column I, A, B, , Geometric form, presentation, Bars, , C, , Pie diagrams, , D, , Multiple bar diagrams, , Alternatives:, a), A–i, c), C - iii, 42., , Column II, of, , diagrammatic i, , Histogram, Polygon and, Ogive, ii Usually used in horizontal, form, iii Drawn only when, percentage distribution, Value is to be, diagrammatically presented, iv Show more sets of data., , b), d), , B - ii, D – iv, , Which of the following are the title of the rows of a table?, (a), Title, (b), Stub, (c), Caption, (d), None of these

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43., , From the set of events/systems given in column I and corresponding relevant fact, given in column II, choose the correct pair of statement:, Column I, , 44., , A, , Spatial Classification of data, , B, , Inclusive series, , C, , Frequency array, , D, , Ascending order, , Column II, i, , Classification on the basis, of time, ii Includes all items up to its, upper limit, iii Two way frequency, distribution, iv Highest value is placed first, , Alternatives:, a), A–i, c), C - iii, , b), d), , B - ii, D – iv, , Reliability of sampling data depends on:, (a), size of sample, (c), training of enumerators, , (b), (d), , method of sampling, all of these, , 45., , Census method is suitable for that investigation in which:, (a), the size of population is large, (b), high degree of accuracy is not required, (c), easy to organise and supervise., (d), less money, time and labour is required., , 46., , Which of the following methods is used when local agents are appointed and trained, to collects the required information from the respondents?, (a), Direct Personal Investigation, (b), Indirect Oral Investigation, (c), Mailing (Questionnaire) Surveys, (d), Information from the correspondents, , 47., , In order to know the likings and dislikings of the listeners of the programmes, broadcast by the Himachal Akash Vani, the person is keen to collect data and note, down the informants replies in the questionnaire in his own language.. Which method, of collecting data will be suitable for it?, (a), Direct Personal Investigation, (b), Indirect Oral Investigation, (c), Mailing (Questionnaire) Surveys, (d), Enumerator’s Method, , 48., , Read the following statements - Assertion (A) and Reason (R). Choose one of the, correct alternatives given below:, Assertion(A): Statistics helps in the policy formulation, Reason ( R): Through statistical investigation policy makers gets feedback of people., 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.

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SECTION-C, (Out of 12 questions, any 10 questions are to be attempted), 49., , The quantity demanded increases from 100 units to 200 units when the price decrease, from Rs. 12 to Rs.10. Calculate the elasticity of demand ., Ed=a) (-) 6 b) (-) 0.25c)(-)1.50 d) (-) 0.75, , Read the following statements - Assertion (A) and Reason (R). Choose one of the correct, alternatives given below:, 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., 50., , Assertion(A): Complementary goods have joint demand, Reason(R): Complementary goods are demanded simultaneously to satisfy a, particular want, a), A, b), B, c), C, d), D, , 51., , Assertion(A): Positive Economics avoids economic value judgements, Reason( R): Positive statements can be verified as true or false by comparing with, actual data., a), A, b), B, c), C, d), D, , 52., , Assertion(A): The sum of deviation of items from median is zero, Reason(R): The sum of deviations of items from median is the minimum and nor zero, a), A, b), B, c), C, d), D, , 53., , Which average is suitable in average size of readymade garments?, (a), Median, (b), Mean, (c), Mode, (d), (a) & (b), , 54., , If mean = 150 and mode = 190, What will be median, a), 152.45, b), 153.45, c), 162.33, d), 163.33, , 55., , In which distribution is mean=median=mode ?, (a), Asymmetrical, (b), (c), both (a) and (b), (d), , 56., , Symmetrical, None of these, , The average age of a class having 35 students is 14 years. When the age of the class, teacher is added to the sum of the ages of the students, the average rises by 0.5. What, must be the age of the teacher?, (a), 43, (b), 32, (c), 41, (d), 36

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57., , When is Weighted mean is equal to simple arithmetic mean?, (a), Different weights are used for all the items in the series or distribution, (b), More weights are used for smaller items, (c), Low weights are used for bigger ms, (d), Equal weights are used for all items., , 58., , Which Indifference curve represents the highest level of satisfaction?, , (a), (c), , IC1, IC3, , (b), (d), , IC2, None of these, , 59., , Which of the following is a characteristic of utility, (a), Utility is Subjective, (b), Utility is relative concept, (c), Utility is a psychological phenomenon, (d), All of these, , 60., , If MRS is increasing throughout, the indifference curve will be, (a), Parallel to the x-axis, (b), Downward sloping concave, (c), Downward sloping straight line, (d), Downward sloping convex\, , *****