Students can access the CBSE Sample Papers for Class 11 Economics Education with Solutions and marking scheme Term 2 Set 5 will help students in understanding the difficulty level of the exam.

## CBSE Sample Papers for Class 11 Economics Term 2 Set 5 with Solutions

Time : 2 Hours
Maximum Marks : 40

General Instructions:

• This is a subjective question paper containing 13 questions.
• This paper contains 5 questions of 2 marks each, 5 questions of 3 marks each and 3 questions of 5 marks each.
• Section A, 2 marks questions are Short Answer Type Questions-Answer them in 30-50 words.
• Section B, 3 marks questions are Short Answer Type Questions-Answer them in 50-80 words.
• Section C, 5 marks questions are Long Answer Type Questions-Answer them in 80-120 words.
• This question paper contains Case/Source Based Questions. Section – A
(2 Marks Each)

Question 1.
Explain any two causes of “Decrease” in the supply of a commodity. (2)
OR
Explain the distinction between ‘change in supply’ and ‘change in quantity supplied.’ (2)

Question 2.
Using the simple aggregative method, calculate the index number for the given data. (2)

 Commodity A B C D P1 15 22 20 27 p0 10 20 18 25

Question 3.
Why does the government of India fix ‘support price’ for some crops? Explain. (2) Question 4.
List the merits of Standard Deviation. (2)
OR
Write down any two characteristics of a good measure of dispersion. (2)

Question 5.
What are the effects of ‘price-floor’ (minimum price ceiling) on the market of a good? Use diagram. (2)
OR
Explain the implications of the “freedom of entry and exit” feature of perfect competition.

Section – B
(3 Marks Each)

Question 6.
Can the CPI number for urban non-manual employees represent the changes in the cost of living of the President of India? (3)
OR
Why do we need an index number? Question 7.
Calculate Price Elasticity of Supply from the following data: (3)

 Price Per Unit (₹) 10 12 Total Revenue (₹) 2000 2400

Competition degrees means the power or the influence that a firm creates over the market which eventually affects the whole structure and thus the system works according to the competition.

Perfect competition, which means that there are a large number of sellers in the market who compete for the customers.

Monopolistic competition, is the type of competition in which there are many sellers who produce quite similar products, but the customers see their products as differently, which creates the competition.

The third is Oligopoly, where few firms compete or collaborate with each other.

The fourth is the Monopoly, which means a single seller selling unique project. Question 8.
Explain the implication of large number of sellers under perfect competition. (3)

Question 9.
Explain tire implication of’one seller’feature of monopoly. (3)

Question 10.
Define Revenue. State the relation between marginal revenue and average revenue. (3)

Section – C
(5 Marks Each)

Question 11.
Calculate Karl Pearson’s coefficient of correlation with the help of following data:

 x 6 8 12 15 18 20 24 28 31 y 10 12 15 15 18 25 22 26 28

Question 12.
(i) Why is total variable cost curve inverse S-shaped? (2)
(ii) What is Average Fixed Cost of a firm? Why is an Average Fixed Cost Curve a Rectangular Hyperbola? Explain with help of a diagram. (3). Question 13.
Calculate Coefficient of Variation from the following data: (5)

 Number of Goals Scored 0 1 2 3 4 Number of Matches Played 27 9 8 5 4

OR
(a) The following data shows the daily wages for 199 workers in a factory. Find out quartile deviation and coefficient of quartile deviation for the following data: (2)

 Wages (₹) 10 20 30 40 50 60 70 80 90 100 Number of Workers 2 8 20 35 42 20 28 26 16 2

(b) List any five characteristics of an ideal measure of dispersion. (3)