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Cyclic Test 1 Marking Scheme Class:11 Subject: ECONOMICS Date:29 May 2025 Maximum Marks:40 Duration: 1 Hour 30 Minutes

This document is a marking scheme for a Cyclic Test in Economics for Class 11, dated May 29, 2025, with a maximum score of 40 marks. It outlines expected answers and marks allotted for various questions related to concepts such as normative economics, consumer preference, demand curves, and production possibility curves. The document includes specific details on how to achieve marks for each question, emphasizing theoretical understanding and application of economic principles.

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Naman Pahuja
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6 views6 pages

Cyclic Test 1 Marking Scheme Class:11 Subject: ECONOMICS Date:29 May 2025 Maximum Marks:40 Duration: 1 Hour 30 Minutes

This document is a marking scheme for a Cyclic Test in Economics for Class 11, dated May 29, 2025, with a maximum score of 40 marks. It outlines expected answers and marks allotted for various questions related to concepts such as normative economics, consumer preference, demand curves, and production possibility curves. The document includes specific details on how to achieve marks for each question, emphasizing theoretical understanding and application of economic principles.

Uploaded by

Naman Pahuja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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202526CT1EC11

Cyclic Test 1
MARKING SCHEME

Class:11
Subject: ECONOMICS Date:29 May 2025
Maximum Marks:40 Duration: 1 hour 30 minutes

Q. Expected Answer Marks


No Allotted

1. (a) (1)
2. Normative Economics is a theory that understands what an actual economy (1)
should be under ideal circumstances as compared to what it actually is. It is
mostly based on judgmental analysis and a statement ‘what ought to be’.

3. (c) (1)
4. It means that the consumer prefers a particular bundle over the other bundle if (1)
the former consists of at least more of one good and no less of the other good.
5. False. Expansion leads to a downward movement along the same demand curve. (1)
6. (1)

7. (a) (1)
8. B (1)
9. Substitute goods: Pepsi n Cola (1)
10. When the Budget line is tangent to the indifference curve, a consumer will be in (1)
equilibrium, according to the indifference curve approach.

FRM-309 1 Version 1
11. (3)

12. (a) Demand of the good X will increases, hence demand curve of good X shifts (3)
towards right.
(b)When income of consumer increases the disposable income increases and
consumer is in a better position of spending more on the good X. Hence
consumer may consume more of the commodity due to which the demand for
the good increases and demand curve shifts towards right.
13. (4)

2
14. (4)

14. This is a curve that shows the different production possibilities or the production (4)
combination of two goods that an economy can produce, given
the resources and technique of production. While constructing the PPC, some
assumptions are to be kept in mind:

a.The resources are fixed. Like the size of land, or the number of laborers working
will remain constant.

b.The technology remains unchanged. So, whatever technique of production and


economy is using will remain the same. This means, if an economy has started
working with the capital-intensive technique it will remain the same during the
entire production process and will not change to the labor-intensive technique in
between.

c.The resources are fully employed. Whatever resources we have will be used
properly with nothing remaining idle or unused.

d.The resources are not equally efficient in the production of all the goods. As, we
have two goods assumptions, whatever resources we are using for the production
of two goods, those resources will not be efficient in producing both goods
equally.

3
16. a. (6)

ii) An Indifference Curve to the right shows higher utility because in Indifference
Map, a higher Indifference Curve represents those combinations which yield
higher level of satisfaction than the combination on the lower Indifference
Curve.

b. Two factors that may shift the Production Possibility Frontier of an economy
away from origin (to the right) are:
(a) Increase in resources available to an economy (natural, physical or human
resource). New resources may increase the output potential in an economy
resulting in shift of PPF away from origin.
(b) Improvement in technology, when technology improves the production
potential increases, i.e. economy may be able to produce more output using
existing resources efficiently.

4
17. (6)

5
6

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