Cambridge High School
Final Examination 2023-2024
Sub: Economics
Class XI
Time:- 2 Hours. M:M:- 80 marks
Section A
Q1) [10]
1) What do you mean by the supply of goods?
a) Stock available for sale b) Total stock in the warehouse
c) The actual production of the goods d) Quantity of the goods offered for sale at a particular price per
unit of time
2) What do you mean by ‘under conditions of a perfect competition in the product market’?
a) MRP = VMP b) MRP > VMP c) VMP > MRP d) None of the above
3) Which of the following is the relation that the law of demand defines?
a) Income and price of a commodity b) Price and quantity of a commodity
c) Income and quantity demanded d) Quantity demanded and quantity supplied
4) What do you mean by a mixed economy?
a) Modern and traditional industries b) Public and private sectors
c) Foreign and domestic investments d) Commercial and subsistence farming
5) What do you mean by the demand of a commodity?
a) Desire for the commodity b) Need for the commodity
c) Quantity demanded of that commodity d) Quantity that consumers are able and willing to buy
at various prices during any particular period of time
6) Which of the following is the reason for the decline in the child sex ratio in India?
a) Low fertility rate b) Female foeticide c) Incentives for a boy child from the government
d) None of the above
7) What factors are taken into consideration while revising the poverty line periodically?
a) By conducting a survey every five years
b) Survey carried out by National Sample Survey Organisation
c) Both a and b
d) None of the above
8) Which of the following is/are linked with the financial sector of India and controlled by the Reserve
Bank of India (RBI)?
a) Commercial bank b) Money lenders c) Stock exchange operations d) All of the above
9) When price floor is set above equilibrium price it will result in?
a) Shortage b) Surpluses c) Equilibrium d) None of the above
10) Which of the following is an example of an agricultural price support program?
a) A price ceiling b) A price floor c) Equilibrium pricing d) None of the above
Q2).
[20]
a) Define utility?
b) What is meant by Globalisation?
c) Define poverty?
d) Define sustainable economic development?
e) What do you mean technological unemployment?
f) State three components of quality of life?
g) Define economic growth?
h) Define educated unemployment?
i) Distinguishe between Absolute and relative poverty?
j) What is disinvestment policy?
Section B
Q3)
a)What do you mean by socialism. Discuss the salient features of a socialist economy? [4]
b) Distinguished between developed economy and developing economy? [4]
Q4)
a) What do you mean by poverty line in the Indian context? Explain the extent of poverty in Indian. [4]
OR
Explain the role and objectives of NITI AAOYOG. [4]
b) Explain the benefits of organic farming? [4]
Q5)
a) Give a brief account of nature of unemployment in India? [6]
b) What is privatisation? [2]
Q6) What is organic farming? Discuss the need of organic farming in India. [6]
Q7)
a) Find out the Rank coefficient for the following data:-. [6]
X - 48 60. 72 62. 56. 40. 39. 52. 30
Y - 62. 78. 65. 70. 38. 54. 60. 32. 31
b) Find out Quartile deviation and it's coefficient from the following data:-. [4]
X - 1. 2. 3. 4. 5. 6. 7
Y - 20 28. 40. 12. 30. 15. 50
Q8)
a) From the following data,calculate(i) Laspeyre's and (ii) paasches index numbers: [6]
Commodity. Base year. Current year
Price(rs). Quantity. Price (rs). Quantity
A 6. 50. 10. 56
B. 2. 100. 2. 120
C. 4. 60. 6. 60
D. 10. 30 12. 24
E. 8. 40. 12. 36
b) Calculate the arithmetic mean of the following data by using Direct method:-. [4]
Marks : 10-20. 20-30. 30-40. 40-50. 50-60
Students: 20. 15. 10. 3. 2
