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Model Paper 2 Economics - Model Paper 2

Rajasthan Board (RBSE) - STD 11 Humanities & Commerce - Economics (Rajasthan - English Medium). 39 questions in this chapter.

Question types

Model Paper 2 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 2 questions

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

Q 3M.C.Q (1 Marks)1 Mark
The relationship between AR and MR when price is constant is
  • A
    $AR > MR$
  • B
    The values increase
  • C
    The values decrease
  • ✓
    The values are same

Answer: D.

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Q 4M.C.Q (1 Marks)1 Mark
Under perfect competition, the firm earns normal profit in the long run because of:
  • ✓
    fee entry and exit
  • B
    large number of buyers and sellers
  • C
    absence of selling cost
  • D
    homogeneous commodity

Answer: A.

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Q 5M.C.Q (1 Marks)1 Mark
Assertion (A): There is a negative relationship between income and the demand of an individual.
Reason (R): Inferior goods are the goods the demand for which increases as the income of the buyer rises.
  • 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.
  • ✓
    A is true but R is false.
  • D
    A is false but R is true.

Answer: C.

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Q 104 Marks Question4 Marks
Giving reasons, Identify the equilibrium level of output and find profit at this output using Marginal Cost and Marginal Revenue approach from the following table:
Output (units)12345
Total Revenue (Rs.)1020304050
Total Cost (Rs.)1222304052
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Q 136 Marks Question6 Marks
Answer the following questions
(i) When price of a commodity falls by Rs 1 per unit, its quantity demanded rises by 3 units. Its Price Elasticity of Demand is (-) 2. Calculate its quantity demanded if the price before change was Rs 10 per unit.
(ii) A consumer buys 30 units of a good at a price of Rs. 10 per unit. Price elasticity of demand for the good is (-)1. How many units the consumer will buy at a price of Rs. 9 per unit Rs. Calculate.
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Q 15M.C.Q (1 Marks)1 Mark
Calculate the correlation coefficient between x and y and comment on their relationship
X321123
Y941149
  • A
    $0.47$
  • B
    $0.25$
  • C
    $0.0$
  • ✓
    $0.99$

Answer: D.

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Q 17M.C.Q (1 Marks)1 Mark
If you are interested in how the government expenditure have fluctuated over time, it would be best to use:
  • A
    Pie graph
  • ✓
    Time series graph
  • C
    Histogram
  • D
    Frequency Curves

Answer: B.

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Q 18M.C.Q (1 Marks)1 Mark
1 lac people attended the rally addressed by the Prime Minister in Delhi and 2 Lakh in Mumbai. These statistics are based on
  • A
    Collection
  • B
    Accuracy
  • ✓
    Estimation
  • D
    Reasonability

Answer: C.

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Q 19M.C.Q (1 Marks)1 Mark
Simple aggregate of quantities is a type of
  • ✓
    Quantity indices
  • B
    Quantity control
  • C
    Both Quality control and Quantity Indices
  • D
    Price control

Answer: A.

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Q 213 Marks Question3 Marks
Mean marks obtained by 100 students are estimated to be 40. Later on it is found that one value was read as 83 instead of 53. Find out the 'corrected' mean.
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Q 234 Marks Question4 Marks
“A good sample is generally based on correctness and continuity”. In the context of above statement explain the characteristics of good sample.
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Q 264 Marks Question4 Marks
From the following frequency distribution, prepare ‘less than’ and ‘more than’ cumulative frequency distribution.
Wages (in Rs.)100-110110-120120-130130-140140-150
Number of Workers4122075
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