AHSEC Class 11 Economics Question Paper 2022 [H.S 1st Year Economics Papers]

2022

ECONOMICS

Full Marks: 100

Pass Marks: 30

Time: 3 hours

The figures in the margin indicate full marks fOr the questions

PART – A

(IntroductOry Microeconomics)

1. Answer the following:

(a)       State the law of supply.                                               1

(b)       What is break-even point?                         1

(c)        What is the shape of a perfectly inelastic demand curve?                             1

(d)       What does a point below the production possibility curve indicate?                         1

(e)       What is market economy?                         1

(f)         What do you understand by price ceiling?                           1

2. What is oppOrtunity cost? Explain with an example.                                    1+1=2

3. Write the law of variable propOrtion.                                                  2

4. State the law of demand and draw a demand curve.                                    1+1=2

5. Prove that fOr a firm, price = average revenue.                              2

6. Write the conditions of firm’s equilibrium.                       2

7. How does imposition of per unit tax affect supply curve of a firm?                         2

8. Discuss the characteristics of perfect competitive market.                        4

9. With the help of demand and supply curve, explain how market equilibrium is attained.    4

10. Explain the law of diminishing marginal utility.                             4

Or

What is price elasticity of demand? Discuss any one method of calculating price elasticity of demand.                 1+3=4

11. Define production function. The production function of a firm is given as, where Q is output, L is labour employed and K is capital employed. Determine the level of Q, whereand.                             1+3=4

Or

Discuss the determinants of supply.                 4

12. Write the differences between monopoly market and monopolistic competitive market.                          4

13. Explain how a consumer attains equilibrium while consuming two commodities.                          6

Or

What is an indifference curve? Draw an indifference curve and discuss its properties.                               1+1+4=6

14. Define average fixed cost (AFC), average variable cost (AVC) and average cost (AC). Draw the AFC, AVC and AC curves indicating their interrelation.                                      3+3=6

Or

Calculate TFC, TVC, AVC, AFC, AC and MC schedule from the following table:                                                 6

Amount of Production (Q)	0	1	2	3	4	5	6
Total Cost (TC)	40	100	120	130	150	190	250

PART – B

(Statistics for Economics)

15. Answer the following:

(a)       Who fOrwarded the welfare definition of economics?                                    1

(b)       Write one limitation of statistics.                             1

(c)        Write the direct method of calculating arithmetic mean in case of discrete variable.    1

(d)       Write the full fOrm of NSSO.                                      1

(e)       Who is known as the father of statistics?                                                             1

(f)         Write one difference between diagrammatic presentation and graphical presentation of data.     1

16. Calculate range and range coefficient from the following data:     1+1=2

12, 15, 18, 21, 24, 27

17. Write two differences between discrete variable and continuous variable.       2

18. What do you understand by relative measures of dispersion?      2

19. Write two differences between histogram and bar diagram.             2

20. Write two limitations of ‘direct personal investigation’ method of data collection.                       2

21. Write two features of statistics.                                          2

22. Briefly write about the methods of classification of data.                                         4

Or

Write the objectives of tabulation of data.                                    4

23. The marks obtained by 9 students of a class are given below. Calculate mean deviation:   4

22, 65, 40, 50, 38, 20, 70, 25, 75

Or

Write a note on LOrenz curve.                             4

24. Calculate Karl Pearson’s cOrrelation coefficient from the following data:                           4

X:	6	8	12	15	18	20	24	38	31
Y:	10	12	15	15	18	25	22	26	28

Or

What is rank cOrrelation? Briefly outline its demerits.        1+3=4

25. Calculate mode from the following frequency distribution:                         4

X:	0-10	10-20	20-30	30-40	40-50	50-60	60-70	70-80
F:	4	12	18	25	16	9	7	3

 Or

What is Median? Discuss its merits.       1+3=4

26. Write the characteristics of an ideal average.             4

27. Write shOrt notes on:                                              3+3=6

(a)       Wholesale price index.

(b)       Consumer price index.

Or

Discuss the use of index number in the study of economics.     6

28. Discuss the characteristics of a good questionnaire.                  6

Or

Draw a histogram and a frequency polygon from the following data:             4+2=6

Marks Obtained:	10-20	20-30	30-40	40-50	50-60	60-70
No. of Students:	5	12	15	22	19	4

-00000-