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Model Paper 4 Economics - Model Paper 4

CBSE - STD 11 Commerce - Economics (CBSE - English Medium). 39 questions in this chapter.

Question types

Model Paper 4 question types

39 questions across 8 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

39
Questions
8
Question groups
5
Question types
Sample Questions

Model Paper 4 questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 2M.C.Q (1 Marks)1 Mark
Which of the following is an example of implicit cost? (Choose the correct alternative)
  • A
    Wages paid
  • B
    Cost of Raw material
  • C
    None of these
  • ✓
    Interest on owner’s capital

Answer: D.

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Q 3M.C.Q (1 Marks)1 Mark
AR is more elastic in monopolistic competition than in monopoly as
  • A
    Many close substitutes do not exist in monopolistic competition
  • B
    Many close substitutes do not exist in monopoly competition
  • ✓
    Many close substitutes exist in monopolistic competition
  • D
    Many close substitutes exist in monopoly competition

Answer: C.

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Q 5M.C.Q (1 Marks)1 Mark
Assertion (A): Goods whose demand is higher offer high prices and low profits to the producers.
Reason (R): The producers will produce those goods which are more in demand and less in supply.
  • A
    Both A and R are true and R is the correct explanation of A.
  • B
    Both A and R are true but R is not the correct explanation of A
  • C
    A is true but R is false.
  • ✓
    A is false but R is true.

Answer: D.

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Q 94 Marks Question4 Marks
A consumer's budget is ₹ 40. He is buying Good-1 and Good-2. Price of Good-1 is ₹ 8 per unit, and of Good-2 is ₹ 10 per unit. Draw a budget line on the basis of these figures.
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Q 104 Marks Question4 Marks
The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given by the schedules below. Use the information to calculate the following:
Quantity012345678
Price524437312622191613
Quantity012345678
Total Cost106090100102105109115125
Use the information given to calculate the following:
a. The MR and MC schedules
b. The quantities for which MR and MC are equal
c. The equilibrium quantity of output and the equilibrium price of the commodity
d. The total revenue, total cost and total profit in the equilibrium
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Q 114 Marks Question4 Marks
The following table shows the total cost schedule for a competitive firm. It is given that the price of the good is ₹ 10. Calculate the profit at each output level. Find the profit-maximizing level of output.
OutputTC (₹)
05
115
222
327
431
538
649
763
881
9101
10123
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Q 124 Marks Question4 Marks
The following news was printed in the Economic Times: Petrol and diesel prices were cut by ₹ 2 per litre each as international oil prices slumped to a five-year low.
Use a diagram and economic theory to analyse the impact on the demand for cars in India.
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Q 136 Marks Question6 Marks
Answer the following questions
(i) A consumer buys 5 units of good at a price of Rs.4 per unit. When price falls to Rs.3 per unit, he buys 10 units. Calculate price elasticity of demand.
(ii) Explain the effect of the following on Price Elasticity of Demand of a commodity.
i. Number of substitutes.
ii. Nature of the commodity
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Q 146 Marks Question6 Marks
Calculate the MP of variable factor and indicate the various phases of Law of Variable Proportions from the following schedule:
Units of variable factor0123456
TP (in units)050110150180180150
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Q 15M.C.Q (1 Marks)1 Mark
Find out Karl Pearson’s coefficient of correlation in the following series relating to prices and demand of a commodity.
Price (Rs.)11121314151617181920
Demand30292925242424211815
  • A
    $0.92$
  • ✓
    $0.94$
  • C
    $0.98$
  • D
    $0.96$

Answer: B.

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Q 16M.C.Q (1 Marks)1 Mark
A weighted aggregate price index where the weight for each item is its currentperiod quantity is called the
  • A
    Laspeyres Index
  • ✓
    Paasche Index
  • C
    Consumer Price Index
  • D
    Aggregate index

Answer: B.

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Q 203 Marks Question3 Marks
There are two factories employing 100 and 80 men, respectively. If the arithmetic mean of their monthly salaries are Rs.575 and Rs.625, then find the arithmetic mean of the salaries of both the factories together.
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Q 213 Marks Question3 Marks
Find out the weighted arithmetic mean from the following data.
BooksPrice per Book (X)Number Sold (W)
Statistic (S)2040
Physics (P)3025
Economics (E)1512
Commerce (C)2513
Chemistry (Ch)2510
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Q 254 Marks Question4 Marks

The following data shows the number of cars manufactured by Maruti Ltd, Tata Motors and Hyundai in the year 2015-16. Represent it with the help of a piediagram.


Production of Cars (in Rs.)

Maruti Limited

15,75,000

Tata Motors

7,25,000

Hyundai

5,50,000

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Q 276 Marks Question6 Marks
Calculate arithmetic mean with the help of following data using step deviation method.
Marks (Less than)102030405060
Number of Students31020252830
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Q 286 Marks Question6 Marks
Calculate the upper and lower quartiles for the following frequency distribution.
Class IntervalFrequency (f)
13-256
25-3711
37-4923
49-617
61-733
Total50
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Q 296 Marks Question6 Marks
From the data given below, calculate Karl Pearson’s coefficient of correlation between density of population and death rate by step deviation method.
RegionArea(in sq km)PopulationDeath
A20040000480
B150750001200
C1207200080
D8020000280
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