Download App

Model Paper 5 Economics - Model Paper 5

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

Question types

Model Paper 5 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 5 questions

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

Q 1M.C.Q (1 Marks)1 Mark
In case of perfect competition:
i. a firm is able to charge higher price
ii. a firm is able to charge uniform price
iii. a firm is able to sell any amount at the prevailing price
  • A
    only i
  • B
    Both ii and iii
  • C
    only ii
  • D
    only ii
View full solution →
Q 2M.C.Q (1 Marks)1 Mark
Average fixed cost (AFC) is indicated by:
  • ✓
    a rectangular hyperbola
  • B
    a straight line parallel to X-axis
  • C
    a U-shaped curve
  • D
    a straight line parallel to Y-axis

Answer: A.

View full solution →
Q 4M.C.Q (1 Marks)1 Mark
Which of the following is a feature of perfect competition?
  • A
    Homogeneous Units of the Product
  • B
    Large Number of Buyers and Sellers
  • C
    Perfect Knowledge of the Market
  • ✓
    All of these

Answer: D.

View full solution →
Q 5M.C.Q (1 Marks)1 Mark
Assertion (A): When the law of demand fails, the inverse relationship between price and quantity does not hold good.
Reason (R): The demand curve may slope upward showing higher purchases at a higher price.
  • A
    Both A and R are true and R is the correct explanation of A.
  • ✓
    Both A and R are true but R is not the correct explanation of A.
  • C
    A is true but R is false
  • D
    A is false but R is true.

Answer: B.

View full solution →
Q 73 Marks Question3 Marks
Classify the following statements into positive economics or normative economics, with suitable reasons:
a. Government should try to control the rising fiscal deficit.
b. Real Gross Domestic Product (GDP) is calculated on the basis of base year price.
View full solution →
Q 83 Marks Question3 Marks
Draw PPC for an economy, if production possibilities are as under. Also find marginal opportunity cost.
Shirt (Millions)012345
Computer (Thousands)151412950
View full solution →
Q 94 Marks Question4 Marks
A consumer consumes only two goods A and B and is in equilibrium. Show that when price of good B falls, demand for B rises. Answer this question with the help of utility analysis.
View full solution →
Q 104 Marks Question4 Marks
From the following table, find out the level of the output at which the producer will be in equilibrium. Give reasons for your answer.
Output (Units)Marginal Revenue (Rs.)Marginal Revenue (Rs.)
1810
288
387
488
589
View full solution →
Q 114 Marks Question4 Marks
As a producer, how would you adjust your level of output when MR and MC are not equal? Assume that, the price of your product is constant for you, and the law of variable proportions is operative.
View full solution →
Q 136 Marks Question6 Marks
Answer the following questions
(i) The measure of price elasticity of demand of a normal goods carries minus sign while price elasticity of supply carries plus sign. Explain why?
(ii) A commodity showing high elasticity of demand often has a large number of close substitutes in the market. Do you agree?
View full solution →
Q 16M.C.Q (1 Marks)1 Mark
Which of the following measures changes in retail price of the commodities?
  • A
    Industrial production index
  • B
    Wholesale Price Index
  • ✓
    Consumer Price Index
  • D
    Weighted Index

Answer: C.

View full solution →
Q 213 Marks Question3 Marks
The sales of a balloon seller in seven days of a week are as given below.
DaysMonTueWedThuFriSatSun
Sales (in Rs.)100150125140160200250
If the profit is 20% of sales, then find his average profit per day.
View full solution →
Q 244 Marks Question4 Marks
In a trip, organised by a college, there were 80 people, each of whom paid Rs. 15.50 on an average. There were 60 students, each of whom paid Rs. 16. Members of teaching staff were charged at a higher rate, the number of servants (all males) were 6 and they were not charged anything. The number of females were 20% of the total and there was only one female staff member. Tabulate this information.
View full solution →
Q 276 Marks Question6 Marks
Following table gives the distribution of companies according to the size of capital. Using step deviation method, find out the mean size of the capital of a company.
Capital (Rs. in lakh)Less than 5Less than 10Less than 15Less than 20Less than 25Less than 30
Number of Companies202729384853
View full solution →
Q 286 Marks Question6 Marks
Give formula for:
a. Simple mean in individual series by short cut method
b. Weighted mean
c. Simple mean in continuous series by direct method
d. Simple mean in discrete series by short cut method
e. Combined Mean 
f. Simple mean in continuous series by step deviation method
View full solution →
Q 296 Marks Question6 Marks
From the following data, calculate coefficient of correlation between age and playing habits.
Age Group20 -3030 - 4040 - 5050 - 6060 - 70
Number of students2560402020
Number of Regular Players10301221
View full solution →
Browse all question groups ↑

Generate a Model Paper 5 paper free

Pick question groups from the list above, set marks and difficulty, and export a branded PDF with step-by-step answer keys. First 3 chapters free — no signup.

Download App
Generate Paper FreeAll Economics chapters